What is car rental insurance?
car insurance is a type of insurance that covers expenditure caused by a traffic accident or car theft. When the driver rents a car, rentals offer car rentals that pay only while the tenant drives the car from the rental. Common insurance packages include giving up the damage with collision and loss, personal liability and personal accident insurance. Landlords may also decide to purchase personal property insurance to cover the items lost or theft from the car rental. Some credit card companies also offer cover if the lease is charged using one of their cards. Before purchasing insurance from the rental, tenants should check with their personal insurance companies and credit card companies.
The most common types of car rental insurance are the surrender of collisions and loss of damage. It is not technically insurance because they are not subscribed by insurance companies. Instead ofcontract between the lessee and the rental. Without them, the lease company can leave the lessee fully responsible for any damage or theft of the vehicle. Many personal automotive insurance companies already cover it.
Personal liability coverage is another common type of car rental insurance. The release of collision damage only covers the rental car damage and does not cover damage caused by another car during a traffic accident. The coverage of personal responsibility covers both property damage and injury caused by other people or their vehicle when an accident occurs. He can also cover the tenant if he participates in an accident with an uninsured driver. This type of insurance can again be provided by a car or health of the Insurance Company tenant.
Less common types of car rental insurance include personal insurance and personal property insurance. Personal accident insurance pays a lump sum if jE tenant or passengers killed or seriously injured. Personal life insurance and health insurance can already cover it. Personal assets insurance pays for lost or stolen items from the rental car. Most car insurance do not cover this type of situation.
The cost of all these coverage can be added, so renting a car is much more expensive. Lessors should always be checked for personal automotive and health insurance companies before purchasing coverage from the rental shop to prevent the insurance from duplicating. The only reason why duplication may become, while preventing personal insurance premiums from increased if the lessee must claim the rent associated with the rental vehicle.