why-should-i-buy-insurance-with-rental-car? why-you-should-buy-rental-car-insurance? :-- car rental companies desperately want you to buy their insurance and will go to great lengths and trouble to make you pay for even the smallest of damages.

why-should-i-buy-insurance-with-rental-car? why-you-should-buy-rental-car-insurance? :--

car rental companies desperately want you to buy their insurance and will go to great lengths and trouble to make you pay for even the smallest of damages. if you don't but should you buy their insurance and are the alternative forms of car rental insurance worth.

it that's the topic if you're new here proved insurence in traveling information and tips to help you plan for your next vacation. so if you're new here consider subscribing so let's talk about the insurance the rental car companies offer first. if you were to buy their collision damage waiver or CDW for short or you may even see it being called an LDW for lost damage waiver.

but in either case if you were to buy the cdw from the rental car companies the rental car company surrenders their rights to charge you for damage to your vehicle with a few exceptions like gross negligence but otherwise no matter how banked up the car is when you return.

it you're off the hook just return the car and be on your way and no other approach whether that be your own insurance your credit card or third party policy. which i'll cover here shortly but no other approach is as comprehensive or convenient. 

the problem with buying a cdw from a rental car company is that it is ridiculously overpriced a cdw can start at 30 per day and go higher and even cost more than the daily rental car rate that's why when you're renting the car the agents there push hard for you to purchase their insurance.

because it's clearly more profitable than the rental car alone now you can cover your major damage responsibility by relying on your own insurance a credit card with insurance or a third party policy, but in all those cases you have to pay a damage claim up front and hope to recover as much as you can all of it.

you hope by filing the claim afterward that might mean signing a credit card bill for hundreds or even thousands of dollars when you return a demos car not knowing.

if you'll get all that money back this is also why most rental car companies won't accept debit cards or a credit card with a small limit and remember earlier when I said that if you buy the cdw from the car rental company. you're essentially off the hook for any damage well if you don't buy the cdw car rental companies can charge far more than just fixing the damage.

they can also charge for one loss of use meaning the potential revenue loss while the cars at the service being fixed even if the company had lots of other cars available and they generally figure that daily loss at the full retail rate two towing charges.

if you're unable to drive the car back to the station three diminished value or the potential loss of the car's resale value because of your damage when the rental company disposes of it usually within two years and four administrative fees associated with the claims process most non-cdw car rental insurance will cover these extras, 

but in some cases coverage depends on cooperation from the rental company. why should i buy insurance with rental car

so let's now talk about the alternatives to getting the cdw from the car rental companies.

the first alternative is using your existing car insurance if your auto insurance covers collision damage in most cases. 

it'll cover damage to a short-term rental however this coverage is limited to you driving in the u.s and maybe canada and it won't cover car rentals in any other countries so before you use your own insurance.

check its coverage if it does cover rentals you can place a claim on it still you must typically pay your policies deductible and any claims may cause your rates to go up and moving on to.

the second alternative is using credit card benefits these days most credit cards offer free collision coverage for car rentals provided. 

you use their credit card to pay for the rental you might get a credit card with the description of coverage such as this one note that this card's benefits do not cover diminished value or administrative cost.

there are a few premium cards that actually offer primary collision insurance meaning they take on the full responsibility for the payment but coverage on most cards is secondary coverage meaning.

the card picks up only what you can't cover from your own insurance and you still have to pay the rental company up front then file for reimbursement from your card issuer.

another gotcha in the fine print of this particular card is that this card pays for loss of use only if verified by the rental company's log unfortunately. 

some rental companies don't cooperate with credit card issues and providing this type of documentation in a timely manner and the last alternative is using a third-party rental car insurance.

if you run a car from one of the major online travel agencies like expedia or priceline. 

they'll offer you an option to buy collision damage for about 10 a day that coverage is provided by a third party insurance company like alliance. the cost is a lot less than the rental car company's cdw but as with credit card coverage. 

if you damage the car you have to pay all the costs up front and then claim later and one last insurance item.

I should mention is liability protection but don't buy this from the rental car company liability insurance comes with your homeowners or renters insurance and covers far more than a rental car.

 if you're renting a car in another country most countries are required by law to include liability insurance however here in the u.s required coverage is ridiculously small because they typically only offer the set state minimum required.

if you don't have substantial liability coverage then you might consider buying the rental company's offering still your best bet is to make sure you're covered 24 × 7 with your own insurance. so you don't have to pay for the rental company's overpriced insurance. so to take away from all this is that if you've been using either your own insurance a credit card or third-party policy as your main source of cleans and damage coverage for your rental car. why-you-should-buy-rental-car-insurance

then those are probably still good options for you to continue to use as long as you're willing to pay all the costs up front and even going through the process of filing that claim, if you were to damage the rental car however. if you're unwilling to take any risk at all and just want the convenience of being able to just drop off your rental car and going even if it's damaged then getting that overpriced cdw from the rental car company is probably the better fit.  why buy rental car insurance. why should i buy rental car insurance.

well that will do it for this text, if you found this text helpful make sure to comment and consider to get more information related insurance. just comment this text one, thank you so much and hope to meet you in a future for information.

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