Your big vacation is right around the corner, and you’re starting to pack your bags. So now that your family vacation plans are coming together, have you given some thought to transportation? In this article, Car Rental Insurance 101 What You Need to Know, we explain the ins and outs of renting a car.
Some travelers don’t feel comfortable choosing public transportation, so they tend to gravitate to car rental agencies.”
If you haven’t priced a car rental recently, you’ll notice car rental rates are pricey… and there are a lot of extras that rental companies throw into the mix. And what about their additional coverage? My advice- don’t skimp on the insurance extras.
Before you rent, call us at: (508) 997-3321 or contact us and your credit card company, so you know what terms apply to a rental vehicle. Don’t wait until you’re on the side of the road waiting for a tow truck or ambulance.
Car Rental Insurance 101 What you need to know
Here are some important tips when renting an automobile while on vacation
LIST all operators who will be driving the rental vehicle on the rental contract. Don’t risk not having coverage should a family member get into an accident with the car rental.
READ the contract to make sure that the vehicle is NEVER used in violation of the agreement. Some of the “usual” violations or prohibited uses are driving of non-listed operator, taking the car off paved roads, driving under the influence of alcohol, drugs, etc., and driving outside of the state of hire.
PURCHASE the Loss or Collision Damage Waiver from the rental agency.
Most rental companies will “absolve” the renter of all responsibility for damage. If you had an accident with the vehicle and did not purchase the collision waiver, the rental agency may charge your credit card for the damage and the “loss of use” of the vehicle.
RENT the vehicle with a “major” credit card, if possible.
Some credit card companies will cover you for physical damage. Be aware of your credit card company’s exclusions and restrictions not all cards offer the same coverage.
Most Visa cards will cover theft, damage to the rental car, towing and loss-of-use charges if you do not have a personal auto insurance policy.
According to nerdwallet.com both Visa and Mastercard exclude injury, property damage and damage to other vehicles.
If you have your insurance coverage, Visa (in most cases) will reimburse your deductible as well as some other charges your insurer does not cover.
Follow the rules before you grab the keys and head out.
Before you leave the rental lot be sure to walk around the car with the agent before you leave so you are not held responsible for damages you didn’t cause.
COVERAGE from your own Massachusetts Personal Auto Policy may apply to vehicles that are rented in the United States, its territories or possessions, Puerto Rico and Canada. You must carry Part #5 Optional Bodily Injury for the liability section to apply outside of Massachusetts. Check with us if you have questions.
Good Rental Cars for Road Trips Renting a car for a vacation or road trip gives you the opportunity to try something you’ve always wanted to drive. So go ahead and have some fun!
If you know someone who is in the market for insurance coverage, please consider sending them our way. We’d really appreciate it. Have a great vacation!