If you need to rent a car, a friendly face at the rental counter will offer you various insurance options. Are any of them necessary? Are you at risk if you don’t purchase them?
Determining if You Need Car Rental Insurance
There are generally four prime insurance options available when you rent a car:
- A collision-damage waiver waives your financial responsibility if the car is damaged or stolen, and takes care of fees and charges for loss of use, towing, and related expenses.
- Liability coverage protects you from potential lawsuits.
- Personal accident insurance covers medical costs following an accident.
- Personal effects coverage insures whatever you stash in the car.
The auto insurance you carry for your own vehicle will typically cover any property damage or injury you cause while driving a rental. Comprehensive and collision insurance will pay for damage to the rental car. If you don’t have both options, you would be well served to purchase the collision-damage waiver.
You may be able to safely decline the other coverage options listed above. Liability coverage on a home car is a requirement for drivers in every state except New Hampshire. It would likely be redundant to buy it when renting a car.
Your health insurance may already cover accident-related injuries. Same thing if you have personal injury protection and/or medical payments coverage in your auto insurance policy.
Renter’s or homeowner’s insurance with off-premises coverage will protect any personal effects you stow away in a rental.
Take a few minutes to call your insurance companies to gather information. Save some cash and give yourself peace of mind at the same time.
Take Action Quickly
If you have been in a car accident, it is important to contact a lawyer so that you can take action as soon as possible. The sooner that you take action, the more likely it is that evidence will be available to help you prove your claim and that the more likely it is that you will get a fair recovery sooner.
We encourage you to contact us today via this website or by phone to schedule a free, no-obligation, confidential consultation with attorney Ben Crittenden. After that, you can make an informed decision about how to protect your legal rights. To learn more, please read our free report, A Guide to Car Accident Claims in Alaska, or call attorney Ben Crittenden today to schedule a free case evaluation.