Almost everyone loves going on vacation, especially where you get to travel to new destinations. For example, when traveling to countries such as Iceland, while public transport offers an inexpensive and easy way to move from one place to another, availing rent a car service in Iceland can make your vacation more fun and exciting. Not only does a car rental allow you to travel in your own leisure time, but it also lets you get to your chosen vacation spots faster and hassle-free. The convenience and freedom you enjoy with a car rental allow you to make the most of your vacation adventures.
However, despite the many benefits of a rental car, you need to find the auto insurance quote to ensure you’re well protected should you get involved in an accident. Car rental companies offer different coverages, from personal accident insurance to collision damage waivers. You need to know the types of insurance you need before renting a car on vacation to ensure adequate coverage without overspending. Here are common types of coverage you need for your car rental when on vacation:
Collision Damage Waiver
During the vacation, you’re highly likely to damage or even lose your rental car. Vehicle damage can be caused by car collisions or non-wreck damage in events such as flooding, hailstorms, a tree limb falling, or fire. The rental car company that provides the collision damage waiver or loss damage waiver means that you will not pay to replace or repair the stolen or damaged rental car. A deductible is, however, included in these waivers.
Your regular car insurance policy may cover collisions. This is different from most rental cars since a deductible is included in the policy to cover repair expenses after a car accident and you’re at fault. All the charges may not be paid, such as loss of use. Rental car insurance is considered secondary coverage since the rental company’s insurance doesn’t provide free collision damage coverage that’s often covered by your credit card.
Personal Liability
Physical damage to property or another car, causing bodily injury to a person, or any other damage that you may cause with your rental car is covered by personal liability insurance. If you are legally involved in an accident, liability insurance will typically cover other people’s medical costs for injuries you caused them. Properties you damaged belonging to other people will also be covered.
Car insurance policies in the U.S require every individual to have liability insurance with a minimum amount. Your auto insurance may have already covered you. If you choose to have a vacation in places such as Miami, where you drive alongside Lamborghini and Ferrari, you can choose to up your policy. If an accident were to occur and two parties were to suffer damage or injuries it may end up that you are paying out more than the other party, if this feels unjust or not how it should be, a Tampa car accident lawyer (or one better located near you) would be a wise contact to make. They may be able to collate the evidence relating to an accident and argue to your insurance provider that you are not at fault for an accident and defer the cost to other parties.
Personal Accident Insurance
Personal Accident Insurance acts as a personal injury protection cover if you’re injured due to an accident with your rental car. As the rental car driver, you and your passengers’ death and ambulance and medical costs are covered by your personal accident insurance, which differs from liability coverage that covers other people’s injuries and damages. A deductible is not required for personal accident insurance.
Endnote
If you’re looking to rent a car during your vacation, it’s crucial that you understand the different insurance coverages for your rental car. This will not only give you the peace of mind you need to fully enjoy your vacation but also ensure you don’t spend your money on unnecessary policies.