TUESDAY, JANUARY 18, 2022
When you rent a car, your rental company will likely offer you rental car insurance, and you may feel tempted to buy the coverage. However, many people don’t realize that they may already have protection from other sources. Take a closer look at the ways you may be able to get coverage for your rental car and consider why it may be a good idea to get rental car insurance even if you have existing protection.
Ways To Get Rental Car Insurance 
Rental car insurance may protect vehicle renters financially following accidents and other hazards. Renters may be able to buy coverage from their rental agency, while some insurers also offer standalone policies. However, before buying coverage, see if you have protection from other sources. For example:
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Your own auto insurance may extend its existing collision, comprehensive, liability and other coverages to rental cars. Note, however, that coverage for rentals is different from rental reimbursement coverage, which can cover rental car costs while your vehicle is being repaired as part of a claim.
If you have these alternatives available, you may ask yourself if it’s necessary to have rental car insurance. The answer is, it depends.
Why Consider Rental Car Coverage
Even if you have rental car coverage through your credit card or auto policy, there still are reasons to consider getting rental car coverage. For example:
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If you file a rental car claim on your auto insurance, you may have to pay the deductibles. Plus, your auto insurer may raise your rates following the claim.
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Some rental car policies will cover costs that existing alternatives will not. For example, while a rental vehicle is being repaired, rental car insurance may cover administrative, towing and “loss of use” costs.
When renting a car, compare the coverage offered by rental car insurance alongside the protection provided by your existing auto insurance or a credit card. Doing so may help you decide which coverage solution is right for you.
Want to Learn More?
If you are interested in learning more about rental car insurance, Cothran Insurance may be able to help. Contact us or get a quote today.
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