At times it can feel like your life adds up to only one significant event each year – Vacation! Your annual vacation is important for reminding you that there is a reason you participate in the daily grind of a 9 to 5 and you’ve got to plan your vacation so you’re able to get the most bang for your hard earned bucks.
When you factor in the cost of your rental car it’s easy to forget the cost of rental car insurance. Unless you want to return home with a repair bill that rivals the cost of a five-star resort overseas, you should probably consider buying rental car insurance or find out if you already have sufficient protection through other means.
Does your car insurance policy cover it? Contact your insurance agent to find out what coverage you have through your existing auto insurance policy. You want to make sure that you have something to protect yourself in the event of an accident, theft, and vandalism. This coverage should include protection for damage to the car as well as property damage and bodily injury as well.
Does your credit card offer any insurance? You can also check with your credit card company for rental car coverages. Many creditors offer special protections for their clients when they use their credit card to pay for a rental vehicle. Call your credit card company to see if they have this type of protection; also, ask about any special criteria you must adhere to in order to have coverage through your creditor.
Cover All Drivers Make sure that any other person you plan to have drive the rental car has the same coverages no matter where you’re coverage comes from. Your personal insurance and credit card protection might not extend to another individual driver who is not named on your credit card or auto insurance policy.
By coordinating the benefits offered by both your credit card and your auto insurance policy, you may be able to avoid the expense of rental car insurance. If there are any gaps in the coverages, however, fill it with the insurance offered by the rental car company so that you can spend your vacation relaxing and enjoying your time rather than worrying about potential damages and expenses.