It should not be confused with rental reimbursement coverage, which is a supplement to the car insurance policy that offers reimbursement for a car rental in the event that the car is repaired due to a covered loss or accident. Rental car insurance is insurance that covers you when you rent a vehicle directly from a car rental company, such as Enterprise Rent-A-Car. When you rent a car at the airport or another car rental agency, you will be asked if you want to add insurance to your rental or if you want to exempt it from insurance. I always wondered if rental insurance was needed when renting a car.
For everything I understood in your article on personal injury coverage, homeowners insurance, and adequate medical insurance, most accidents or problems would already be covered in your current auto insurance policies. Now I just have to go check with my car insurance to make sure that I currently have all of these. It seems like I need to review car insurance policies and see which one would best complement rental car insurance. The first step is to review your car insurance policy or contact your provider to see what type of rental vehicle coverage is already included in your personal auto insurance policy.
This is not an insurance product, but rather an exemption that transfers financial responsibility from you to the car rental company in the event of damage or theft. Or, if you're looking for a new car policy, compare car insurance and find out why GEICO is the right choice. It seems that this is often not the case, if not, then you have the option of buying rental insurance at the place where you rent the car. While each standard auto insurance company has its own criteria for covering rental cars, some situations are generally excluded.
Geico also offers rental car reimbursement coverage, which helps pay the cost of renting a car while your personal vehicle is being repaired for a covered claim. If you don't have enough coverage through Geico to cover your rental car, you can buy insurance from your car rental company or see if your credit card company offers it. Since rental car insurance isn't something most of us deal with on a daily basis, it's easy to get confused or overwhelmed when presented with the option of this type of coverage. If you don't have either type of coverage, you can take out personal accident insurance through the car rental company.
Then, you get a clipboard with an intimidating car rental contract full of confusing insurance options. Keep in mind that not all states require car rental companies to automatically provide mandatory minimum insurance coverage. You can talk to a Geico customer service representative at 1 (800) 207-7847 to see if your personal policy will be extended to your rental car. Read on to learn some basic facts about rental car insurance and whether or not you need additional coverage beyond your personal auto insurance policy.
However, Geico's comprehensive and collision coverage limits may not be high enough if you rent a car worth much higher than your personal vehicle and the car is completely liquidated.