When you rent a car, you’ll be asked whether you want to purchase
insurance to cover you, your belongings, or the rental vehicle, in case
of an accident. If your car insurance policy includes collision and comprehensive
coverage, liability coverage, personal effects coverage, and medical coverage,
the insurance offered by the rental car company is probably unnecessary.
However, there are circumstances where you may be better off purchasing
rental car insurance:
1.If you have minimum, liability-only coverage. Liability insurance only covers other people involved in an accident you
cause. If you get in an accident with a rental car, and it’s your
fault, your insurance will not cover any damage made to the rental car.
If you use a credit card to reserve and pay for the rental, it may provide coverage.
2.If you’re renting in a foreign country. Your car insurance may not apply to damages and injuries in another country.
If no coverage exists, you will definitely want to purchase additional
insurance offered by the rental car company.
3.You have deductibles and coverage limits. Even if your insurance does cover the rental car, it may not be enough.
Deductibles would mean that you would have to pay out of pocket in certain
instances. Rental car insurance may not have a deductible, which is preferable
in the case of a wreck.
If you are renting a car, you need to make sure you have adequate and complete
coverage for all potential damages. If you do not, it is recommended you
purchase insurance from the rental car company. Even if your insurance
is decent, it’s better to have too much coverage than not enough—it
may cost you dearly.
At Goodman Acker P.C., we understand the impact a car accident can have
on you and your family. If you or a loved one has been injured, please
Detroit car accident lawyers today. We have helped thousands of Michigan auto accident victims obtain
maximum settlements and justice for their injuries.
Call (248) 793-2010 or contact us today
for a free consultation.