Understanding Auto Insurance Policies for Rented Vehicles: What You Need To Know In 2020

If you're planning to rent a car for the weekend while you go on vacation, auto insurance can help you cover your bases when it comes to potential damage during the trip. However, this may mean additional expenses for you down the road.
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Before you make the final decision regarding whether to insure your rental car or not, it would help you to know the following bits of information first. The details will make it easier for you to protect yourself and your vehicle even if it's just for the weekend.

1. Determine Your Need for Rental Car Insurance
   First, you have to ask yourself if you need rental car insurance. Sometimes, your auto insurance policy will already cover rented vehicles. If this stipulation is in your plan, you will not have to spend an additional sum for rental car coverage.
   
   
2. Think About Your Location
   Secondly, consider if you are renting a car in the U.S. or outside the country. If it's the former, and your leased vehicle has the same value as your car, you wouldn't need extra coverage. Your auto insurance policy will suffice.
   
   
3. Know the Value of Your Car
   Another thing that you need to know about auto insurance policies for rental cars is that your vehicle's value will determine if you need extra coverage. For example, if you are trying to rent a Corvette or a Mercedes-Benz, you will need additional coverage for sure. It would be best to bundle your rental car insurance with your first auto insurance policy.
   
   
4. Consult Your Credit Card Company
   Your credit card company can also serve to cover any additional expenses that you might have regarding rental car insurance. Call your credit card company and ask about what they can do to help defray other costs for rented cars.
   
   
5. Be Familiar with Your Rental Car Insurance Coverage
   Lastly, you have to make sure that you are aware of rental car insurance coverage as well. It is usually divided into four main categories. These are as follows,
   
      - Collision/Loss Damage Waiver
      - Personal Accident Insurance
      - Personal Effects Coverage
      - Liability Coverage
   
   Again, you should check your auto insurance policies because some features of your rental car insurance may also be present. In this case, you can save cash by excluding those coverage features that are already active in one of your policies.

Conclusion Insurance
These are just some of the significant points that you ought to know about auto policies for rental cars. These features will help you save money while still getting the best out of your existing car insurance policies.

Once you know these points, it will help you make the best of your rental car insurance. Go ahead and do your research. It will make you appreciate rental car insurance more in 2020.

At Black and Associates Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (509) 464-0058. You can also request a free quote by CLICKING HERE.