Rental Car Insurance

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Rental Car Insurance
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Rental car insurance is a must for specific
drivers. It is a redundant cost for some. But how
would you know whether you need rental car
insurance or not? It's worth checking the
coverage on your car insurance policy before you
rent a car. The coverage you have for your car
applies to a rental car in some situations. In
other words, purchasing rental car insurance can
double what you already pay. In a few situations,
however, the additional expense of the rental
company's coverage may make sense. It is
essential to consider what your auto insurance
covers and what the rental agent provides for
that reason. 
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If you have a personal car insurance policy, it
would require liability coverage and any extra
coverage you would have selected, such as a
comprehensive insurance policy or a crash policy.
Your insurance coverage can be applied to your
rental car. Your use of a rental car also relates
to the coverage limits and deductibles on your
policy. Before you finalize your car insurance
rate, it is crucial to check various car
insurance quotes. When you compare car
insurance of different car insurance
companies, you will come across multiple car
insurance quotes. That is the best way to
get cheap auto insurance for your vehicle.
Each car insurance companies use different
formulae to determine car insurance rates.
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• If you don't already have insurance, you will
  need to obtain the rental company's liability
  insurance policy before hitting the road. This is
  because liability coverage is mandated by law in
  most states. It will help if you opted for rental
  car insurance if you don't have comprehension and
  collision coverage and you are insured only under
  a commercial car insurance policy. 
• Car rental companies usually break rental car
  insurance into four sections
• Liability coverage
• Personal accident coverage
• Personal effects coverage
• Collision/Loss Damage Waiver

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Liability coverage A liability coverage is
designed to help cover you from injuries or harm
to someone's property while driving. If you have
ample liability insurance coverage with your auto
insurance, you do not need to obtain additional
rental car insurance coverage from the agency.
Your insurance provider will help you analyze
your policies so that you can set a liability
limit that is right for you. Personal Accident
Insurance Personal accident insurance will pay
medical bills if you and your passengers are
involved in a car rental accident. Suppose you
have life insurance, medical insurance, or
personal injury insurance coverage on your auto
insurance policy. In that case, you might also
have insurance coverage similar to that provided
by the rental company. Medical payments coverage
and personal injury protection (not available in
all states) can help pay medical bills due to a
covered car accident.
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Personal Effects Coverage Personal effects
coverage can protect your personal belongings,
such as your laptop if they are stolen from a
rental car.  Collision/Loss Damage Waiver If
you damage the rental car, a collision/loss
damage waiver (also known as LDW or CDW) can
cover the cost of fixing the car. Usually, the
waiver would not cover the harm incurred by
speeding or driving on unpaved roads.
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A collision damage waiver can duplicate your
existing coverage if you have a collision and
extensive coverage on your vehicle. However, if
you have dropped the collision or comprehensive
coverage from your policy and did not buy the
waiver, you will have to pay out of pocket for
the damage you have caused to the rental vehicle.
The rental agent could also compensate you for
the "loss of use" of the car (loss of rental
income) while the car is in the repair shop.
Usually, your auto insurance would not compensate
you for that.
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Before you rent a vehicle, take a few minutes and
determine whether you have coverage through
existing networks, such as a credit card
business, a health insurance plan, or a homeowner
policy. Be sure to check your insurance policy
for your vehicle. Buying additional rental car
insurance can not make any financial sense if
your car policy already includes the coverage you
need.