Understanding Rental Car Insurance: Don't Get Caught Out
Navigating rental car insurance is crucial. The main types are: Loss/Collision Damage Waiver (LDW/CDW), which covers damage to the rental car (it's a waiver, not insurance). Liability Insurance, which is often mandatory and covers damage to other people and property. Personal Accident Insurance and Personal Effects Coverage are usually optional and may be covered by your personal insurance. Always check with your own auto insurance provider and credit card company for coverage before you rent.
FAQ:
Q: Does my personal car insurance cover rental cars?
A: It often does, but the coverage may mirror what you have on your personal car (e.g., liability and collision). Check the details and deductibles with your agent.
Q: What is the "damage excess" or "deductible"?
R: This is the amount you would have to pay out-of-pocket if the car is damaged, even if you have CDW/LDW. You can sometimes pay extra to reduce this excess to zero.