Is there the need for rental car insurance?
This is a question that several ask when they are out with best car rental Toronto especially when their existing auto insurance policy covers it or even the credit card authorities when they have paid the rental with its help.
While you cannot take things for granted and end up paying money unnecessarily especially when you never clarified things initially. Therefore, there is always the need to verify from the required authorities whether you would need a policy for yourself before you set out with a rental coverage.
Are you covered already?
Most auto insurance policies are known to cover for you even when you drive a rental car. This is something that is applicable when there is liability insurance applicable in the state that you live in and that you are driving a rental car. If at all you meet with an accident, it is likely that the liability insurance would cover for the damage caused both to the car as well as the driver and the passengers involved.
There are times when the personal auto insurance policy may not be applicable when you opt for a car rental to serve business purposes.
Will my credit card cover for me?
There are several credit cards that have car insurance policies that come along with it only when you pay for the best car rental Toronto by using the card. If that is applicable, ensure that you check their terms and conditions as most of them offer collision coverage where only the physical damage to the car would be covered and not for the injuries caused to the driver and the passengers.
There may be times when they offer rental car insurance coverage when you pay a certain amount of money to them. There are also times when your health insurance policy works to help you with accidental coverage, and that is when you wouldn’t have to pay anything more to cover you completely. It may so happen that you simply have to purchase supplemental insurance policies that would cover for the damage caused to the other passengers with you during the accident while getting a car from best car rental Toronto.
No matter what the rules previously ensured that you are calling the credit card authority and verifying their policies. It may so happen that their policies have changed and that you aren’t aware of the changes. There is the need for you to understand the policies well before you opt for it.
The options offered by the rental companies
When it comes to companies for best car rental Toronto helping you out with insurance policies, it is often something that you get to opt for the moment you make payments for the rental. You are to remember that such coverage also come along with your personal auto and health insurance policies.
- Collision coverage – this is when there is physical damage to the car, and they will not charge you.
- Supplemental coverage – This covers the physical damage caused to the rest travelling with you.
- Personal accident coverage – This is to pay for the damage caused to the driver while driving
- Personal effect coverage – This reimburses the value of any personal thing that was stolen