If your family is planning a trip this summer, you may be considering getting a rental car.
A rental car is a great way to travel, especially for long distances. There are plenty of options to choose from and a great way to avoid putting miles on your personal vehicle.
But do you need rental car insurance? What are the benefits of opting for the insurance from the rental company?
Do You Need It?
Rental car companies will offer you their insurance. This is done through a loss damage waiver or a collision damage waiver. These types of insurances protect the driver in the event of a collision or if the vehicle is vandalized or stolen. Signing these waivers will protect the renter from the rental company from pursuing damages.
Check Your Personal Insurance
Review your personal insurance polices to see your coverage types. If you have adequate coverage, you may not have to opt for rental car insurance.
View your auto insurance policy for these types of coverage:
- Liability coverage
Liability coverage covers the cost of others in the case of damage or medical costs. Typically liability coverage carries over if you are driving a rental car.
- Comprehensive coverage
Comprehensive coverage insures your vehicle against non-driving related issues. These issues can range from theft, fire, vandalism, or burglary.
- Collision coverage
Collision coverage covers any costs from a collision. This is used to repair or replace your vehicle in the case of an auto collision or a collision with a stationary object.
- Personal injury protection
Personal injury protection (PIP), or no-fault insurance, is designed to cover healthcare expenses due to an accident. PIP covers medical costs for the policyholder and any passengers in the affected vehicle.
Payne Insurance Group
Payne Insurance Group wants you to be safe and covered while out on the road! Be sure to look over your policy to be sure you are covered!
Payne Insurance Group provides insurance for auto, home, commercial, and much more! Payne Insurance Group has partnered with over 13 businesses across the Rio Grande Valley, As a result, we have created a one-stop-shop for all your automotive needs.