Do You Need Rental Car Insurance?

By
Services for Real Estate Pros with Think Glink Media

We spend a lot of time talking about home insurance (what you have covered, the extra costs, etc.) but what about other types of insurance? This month on the Equifax Personal Finance Blog insurance blogger Linda Rey has been focusing on car insurance.

She says one of the most commone questions she's asked is about whether or not consumers need rental car insurance.

So with fall fast approaching and your last chance at a quick, warm vacation slipping away, it's time to start planning for the holiday trips to the inlaws and beyond. If you're going to be using a rental car, this article holds the key to an important question: “Does my auto insurance policy cover a rental car?


The short answer:

Your current auto insurance policy will extend to a rental car only for the coverage offered on the plan. If you have liability only, then you will have liability only on the rental car. You will not be covered for physical damage, and you might want to consider buying the insurance the rental company offers you.

If you carry full coverage on your policy, your rental car will also have liability and physical damage coverage. However, you will be subject to the deductible you carry on your existing auto insurance policy.

The long answer:

http://insurance.equifax.com/2010/09/do-you-need-rental-car-insurance.html
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Almost Anything Goes
Dedicated Bloggers
The Lounge at Active Rain
Vacation and Second homes
"Whacked"!!!
Tags:
cars
auto insurance
rental cars
vacation homes
vacations
driving
insurance
insurance policies
equifax personal finance blog

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
267,701
John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

Most of the time I op not to accept the additional insurance on rental cars. I think it is a bit of a scam to try to convince people how they need to take the extra coverage.

Sep 30, 2010 03:35 PM #1
Rainmaker
280,299
Jeff Craig
Allen Tate Realtors/Smith Marketing Inc. - Greensboro, NC
Greensboro Realtor/Broker/CSP/CNRS

I agree with John.  I never accept it.  Also, if you put the rental on AmEx Gold, you have additional coverage.

Sep 30, 2010 03:47 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
362,682

Ilyce Glink

Best-selling author, award-winning TV/radio host.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: