Rental Car Insurance
Rental car insurance can be achieved by either adding CDW to your existing insurance or using your credit card.
Travelers often wonder whether to buy rental car insurance for a rented car. A collision damage waiver (CDW) will cover the cost of damages to the rental car if you are involved in an accident. The collision damage waiver pays for "loss of use." This is what the rental car company charges you for the money and time it lost since the vehicle could not be rented.
You should review your rental car insurance policy or call your insurance agent before you rent a car. This is a must if you don't want to pay more for coverage that you already have. Many car insurance policies will provide liability insurance if you injure someone in an accident. However, damages to the rental car are only covered under your policy's comprehensive and collision coverage. Make sure your auto policy includes this type of coverage.
At times your credit card can also support in your rental car insurance. To avail this benefit, you might require to turn down the collision damage waiver as well as charge the full amount of the rental car on your card. Before going in for the credit card based benefits, you should make sure your credit card offers these services and that you understand all limitations and exclusions your credit card may issue such as limited rental contracts and approved rental dealers.
You can safely decline the collision damage waiver in your rental auto insurance if you're absolutely sure your auto insurance or credit card applies.
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