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 contact our Detroit car accident lawyers today. We have helped thousands of Michigan auto accident victims obtain maximum settlements and justice for their injuries.
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