Call Us 636.519.0059 ☰ ˟
636.519.0059
Logo
  • Home
  • Get A Quote
    • Automobile
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
      • Errors and Omissions
    • General Liability Insurance
    • Health
    • Homeowners
    • Life
    • Other
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request Auto Insurance Id Card
      • Add new Auto to Policy
    • Business & CommercialImage of right arrow
      • Add Vehicle to Existing Commercial Auto Policy
      • Certificate of Insurance Request
      • Auto Id Card Request
    • Homeowners
  • Claims
    • Automobile
    • Business & CommercialImage of right arrow
      • Workers' Compensation Claim Report
      • Property Loss Notice (Commercial)
      • General Liability Claim Notice
    • Homeowners
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Files
    • Free Reports
    • Insurance Glossary
    • News Center
  • About Us
    • About Hebbeln Insurance
    • Location Map
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
Home > Blog > "Do I need Rental Car Insurance?"
SUNDAY, APRIL 22, 2018

"Do I need Rental Car Insurance?"

A good question that comes up  often is “Do I need to pay for the Rental Car Insurance that the rental company tries to sell me?”


 

Typically, if you have an auto Insured for Liability and Comp. and Collision, your coverage will extended to the Rental Car.  However, the issue can lie in the fine print.


Beware of the Fine Print in the Rental Car Agreement

 If you have accident with the rented vehicle, in addition to expecting vehicle repairs the Rental Car Company will also likely require you to pay: 

  • Loss of Use while the vehicle is being repaired (e.g. replace the income that would have been earned if there had been no accident)  and possibly:
  • Depreciation (since the vehicle value is now diminished due to the accident) and
  • Administrative Costs


The Personal Auto Policy is not designed to address any of these costs.
 


Rental Company Collision Damage Waiver (CDW)

For most of us weighing the cost of the Rental Company’s Insurance, the Collision Damage Waiver (CDW)  vs. the risk, may come down to a coin toss.  For those of us that want peace of mind while on vacation (since we can turn a wrecked car back in without additional involvement, other than a deductible) then paying for the CDW is the way to go. 

Note a Common Exclusion of the CDW

If you do purchase their coverage, there may be an exclusion that will not provide coverage while using the vehicle off paved Streets/Roads/Lots (obviously designed to keep individuals from off-roading with the vehicle).  But if you go to sporting events or if you have kids that travel for Soccer, Baseball, Softball etc. tournaments, often parking lot overflow will be directed to an open field.  If you back into something or worse, someone, will you be covered? My guess is no, the rental company will likely exercise this exclusion.  However if you have a well written full coverage auto policy you should be fine. 


Potential Coverage with your Credit Card Company

In some cases, you may find that the bullet point items above are in fact covered by one of your Credit Card Companies.  When you get a new card, it comes with the folded up multi-page pamphlet with small print that is a chore to read. 

 If coverage for something like loss of use for a Rental Car is provided - it will be spelled indicated in this section.  If you are like me and did not retain this, call the company to verify.  If you do have the coverage, make certain to rent the Car with this Card. 

 

If you have friends or family members that may find this information useful, please see the Facebook and other Share options below. 

 

It is important to note, this discussion pertains to the Personal Auto Policy Only (not Commercial Auto Policies) and rental of Private Passenger Vehicles only (e.g. not renting a U-Haul). 

 

posted by: Dan Hebbeln 
dan@hebbeln-ins.com

 

Posted 10:38 AM

Tags: auto insurance, loss control
Share |


1 Comments

Richard L Parez said...
Thanks for sharing with us.
FRIDAY, APRIL 05 2019 12:17 PM

Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014

  • loss control(32)
  • win stuff!!(24)
  • homeowners(22)
  • business owners insurance(22)
  • general nonsense(19)
  • auto insurance(16)
  • work comp(14)
  • stocks(8)
  • epli(6)
  • data breach(3)
  • income protection(2)
  • umbrella(2)
  • errors and omissions(2)
  • bonds(2)
  • general liability(1)
  • rants about steve!(1)
  • flood(1)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment/Claim Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
744 Spirit of St Louis Blvd
Suite H
Chesterfield, MO 63005

Phone: 636.519.0059
E: service@hebbeln-ins.com
Social      

 

 

 

 

 
© Copyright. All rights reserved.
Powered by Insurance Website Builder