Car Rental Insurance – Don’t Get Ripped Off

When you need to rent a car for any reason, weather you are traveling from your hometown to another area, you have just flown in by airplane and need to get around, or your own personal car is in the shop for repairs, one thing you need to make sure is that you have some sort of coverage. This coverage will cover you in case there is an accident and can save you a great deal of money.

In some cases, your personal insurance company offers an extension for car rentals, in other cases your credit card company may offer some sort of car rental insurance, however, if neither of these are an option for you, you can get insurance at the car rental establishment. If this is the case, it is a good idea to know what your options are first.

Waivers

These waivers include Collision Damage, Loss Damage, and Physical Damage. By purchasing these as an option, if something were to happen, as in loss or collision damage, the rental car agency cannot sue you for any money as the result of damage or theft. However, it is important to understand that these waivers does not provide coverage for any damage that is done to the car of another person, which is known as third party damage.

Supplements

Liability insurance is a supplement that may be provided for payment by the car rental agency. Personal liability is important because it protects you in an accident.

PAI

PAI is coverage if there is a car accident that results in maiming or death of any person within the car you are renting. This stands for Personal Accident Insurance.

PEC or PPI

This type of coverage allows you to recover the cost if any of your personal property id stolen or lost from inside the rental car. PEC stands for Personal Effects Coverage and PPI stands for Personal Property Coverage.

It is important to understand that these options do exist with many car rental agencies. However, they may also be automatically covered by your own personal insurance as well. Make sure that you fully understand your own insurance and decide rather or not you need to get additional insurance from the car rental agency.