Everything You Ought to Know About Rental Car Insurance

Rental car insurance is an optional insurance product offered by rental car companies to cover the driver and vehicle while it is being rented. Rental car insurance typically covers damage to the rental vehicle, liability for damage to other vehicles or property, and personal injury protection. It is important to note that rental car insurance is separate from your personal auto insurance policy.

Whether or not you need rental car insurance depends on your individual circumstances. If you have a personal auto insurance policy, it may provide coverage for rental cars. Additionally, some credit cards offer rental car insurance as a benefit to cardholders. However, if you do not have personal auto insurance or credit card coverage, it may be a good idea to purchase rental car insurance from the rental car company.

Many credit cards offer rental car insurance as a benefit to cardholders. However, it's important to read the fine print to understand the coverage limits and requirements. Some credit cards may require you to decline the rental car company's insurance option in order to be eligible for coverage, while others may only provide coverage for certain types of vehicles or rental periods.

A typical rental car insurance policy may include the following coverage options:

• Collision Damage Waiver (CDW)/Loss Damage Waiver (LDW): CDW/LDW is an optional coverage that can relieve you of financial responsibility if the rental car is damaged or stolen while in your possession. This coverage typically excludes damage caused by reckless or negligent behavior.
• Liability Insurance: Liability insurance provides coverage for damage to other vehicles or property caused by the rental car driver. This coverage may also include bodily injury liability.
• Personal Accident Insurance: Personal accident insurance provides coverage for medical expenses and accidental death benefits for the driver and passengers in the rental car.