CAR & AUTO INSURANCE : You Should Buy Rental Car Insurance Right Now !

On vacation, on a business trip or even moving your freshman to college-deciding whether to buy rental car insurances is a complicated road to travel. As the rental car agent hovers over the contract with a pen, you hate to make the decision in a split second !

To avoid a costly mistake, use this step-by-step guide.

Step 1. Determine whether your own policy will cover your rental car.

Most companies will extend the coverage on your personal auto policy to a rental car. The important fact is whether you have purchased comprehensive and collosion coverage on your own car. That is the coverage that pays for damages like scratches, dents and thefts, among other things. If you have this coverage on your own policy. it will generally transfer to a rental. Call your company to check, but before you do, keep reading.

Step 2. Find out if your credit card company will cover damage to the car.

Many credits cards will pay for damage to a rental car when you pay with that card, but the coverage will be secondary to your own policy if you have one. Your card may also pay for towing, but will never pay for damage or injury that you cause to another car or driver. That's covered by liability or personal injury protection, which is having your own policy so important.

Step 3. Are you traveling for business or pleasure ?

Many employers have corporate coverage for employees who rent cars, so don't buy the extra coverage unless you have checked with your boss or the fleet department first. When you travel for pleasure, your rental car is considered a temporary substitute for the car you have left at home and that's why your policy may provide coverage.

Step 4. be cautious if you are leaving the state or the country.

In the United States, insurance laws are different in every state. Policies in some states like Massachusetts may onaly cover travel within the state. But, in most state, you are covered as long as you drive in the US. However, many policies may limit coverage if you travel to canada and very will cover travel to Mexico. And if you are traveling abroad, most travel guides recommed buying the coverage with the rental car, because it is too complicated to deal with insurance in anither country.

Step 5. Don't let a stranger drive your rental car.

Or your best friend, boyfriend or teenage daughter. Rental car companies are picky about who drives their car and any coverage you have on your own policy (or the rental car policy) may not cover another driver, unless they are listed on the rental contract.

this is intended only as a guideline. Ask your company about the coverage available on your own policy.

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