subject: When Auto Insurance Rental Car Coverage Is a Must [print this page] When Auto Insurance Rental Car Coverage Is a Must
Among the many options of coverage associated with auto insurance rental car coverage is one that the consumer should make an educated assessment of their personal situation to see if it is a wise choice of coverage. Many times it would not be recommended but in certain situations it is considered a must.
Rental car coverage is not offered on all policies for all vehicles. Many times the consumer will need to have comprehensive and collision coverage in order to qualify for rental car coverage. This is the coverage that protects the customer so that in the event of a an accident or stolen vehicle that the insurance company will pay for or reimburse the customer for the expenses that are incurred to rent a vehicle that replaces the vehicle that is unusable. It is not required that this coverage is carried on all of the cars on the policy. It can be selected for only the vehicles that the insured chooses to have protected.
Often, it would be ill advised to have this coverage selected on a policy. If an insured has multiple vehicles on a policy and has fewer vehicles than drivers paying the additional premium would be unnecessary. If there were a loss to an auto then the insured could easily use the other vehicles in the household that are not being used.
It is recommended that consumers that have single vehicle households purchase rental car protection on their policy. This is especially true when renting a vehicle would pose a significant financial burden to the family. Many times for single vehicle households this is the case and being without a vehicle due to an accident or theft could be detrimental to the livelihood of the family.
The premiums associated with this coverage are rather low. It can often be purchased on a $40 per day limit and $1200 maximum for as low as $30 for the year.
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