Renting a car can come with several decisions, including whether or not to purchase the insurance the rental car company offers. Many people are unsure about this additional coverage and whether it’s necessary. Page Insurance is here to help you navigate this choice and provide recommendations based on our years of experience in the industry.
Coverage Extension from Your Personal Auto Policy:
Typically, your auto insurance policy coverage extends to rental cars. If you have full coverage on your personal vehicle, it will extend to the rental, while if you only have liability coverage, there would be no comprehensive or collision coverage to extend to the rental car. It’s essential to check with your insurance agent to verify your specific policy details.
Loss of Use Charges:
One aspect that many people may not be aware of is that the rental car company can hold you liable for lost income while the car is being repaired, which is called “loss of use” charges. Some personal auto insurance policies may not cover these charges. In such cases, purchasing the insurance offered by the rental car company could provide additional protection and peace of mind.
Page Insurance Recommendation:
In the final analysis, Page Insurance recommends opting for the coverage provided by the rental car company. While your personal auto policy may extend to rental cars, the additional advantages offered by the rental car insurance, such as covering “loss of use” charges, can provide an extra layer of protection.
Ultimately, the decision is up to you and depends on your unique situation. Consulting with your insurance agent and discussing your specific coverage and any potential gaps before renting a car is always a good idea. At Page Insurance, we are here to help you make an informed decision and ensure you have the right coverage in place for your needs.
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