You’re at the counter of a rental car company when you get the contract asking if you want to pay an exorbitant fee to insure your rental car against damage. Do you take it? Most of the time, you don’t need to do so. At P3 Insurance Solutions, serving Memphis, TN, we want you to know that sometimes policies cover damage to rental cars caused by accidents while in your possession.
Most Personal Insurance Policies Cover Rental Car Damage
You don’t need auto insurance to rent a car, but that lack of a requirement is also why rental companies tell you upfront about insurance costs. Read your current personal auto insurance policy to see what your limits are for comprehensive, and if collision damage will apply. However, in most cases, you should also read the liability coverage for damages occurring to other drivers and vehicles. Read your policy before you make a claim with your current auto insurance company.
Other sources of insurance if you don’t have a personal auto insurance policy include your credit card. Again, you must read your credit card agreement carefully to determine eligibility.
What If I Drive Abroad?
Most insurance companies won’t cover damage to your rental car if you are in a different country. The exceptions are if you rent a car in Canada or Mexico. All other countries default to the rental car company’s insurance to maintain coverage.
P3 Insurance Solutions, serving residents of Memphis, TN, will gladly help you determine if your policy covers rental vehicles. Contact us today to determine what coverage you need.
