Car insurance and insurance go hand in hand and are non-negotiable ‘must haves’. With the increasing rate of accidents on our Indian roads it is simply not very clever not having insurance for your car insurance. Whether you buy a new car insurance or drive a rented car insurance, it is important for you to secure it with insurance.
Whether you are renting a car insurance for business or for pleasure, the last thing anybody wants to have to worry about is to pay for damages to a rental vehicle should an accident take place. For this reason, there is insurance for rented car insurances to cover drivers who are operating a rental vehicle. Many people feel that opting for car insurance is an unnecessary expense. But they do not realize that the actual truth is that without proper Car Insurance India insurance a person could be liable for a lot more money than the actual cost of car insurance, if he or she were to sustain damage to a rental vehicle.
A common misunderstanding among many people who rent a vehicle is that their personal vehicle insurance policy will cover them for rented vehicles as well. But this is not always true. Some personal vehicle insurance plans may cover a driver when he or she rents a vehicle but this is not always true. An individual must always refer to his or her insurance policy or speak to his or her insurance agent to help confirm if rental car insurances are covered on his personal auto insurance policy. If rental vehicles are not covered by his personal vehicle insurance policy, then the renter has a responsibility to look for rental insurance.
Car insurance for rented vehicles can be purchased directly from the rental company. Many rental companies offer different vehicle insurance coverage plans to fulfill the individual needs of the renter. The car insurance rental insurance premium is calculated based on a daily rate and in some cases a weekly rate if a person is planning an extended rental period. The premium cost is added to the rental fees and needs to be paid for all together. A renter is supposed to opt for and purchase car insurance rental insurance at the time of renting a car insurance. Remember that this kind of insurance cannot be added at a later time. This process reduces the possibility of insurance fraud.
Purchasing car insurance is not always essential when renting a vehicle. Some reputed and major credit car insurance companies offer car insurance holders added benefits such as car insurance rental insurance just for being a member. To be eligible for car insurance rental insurance through a credit car insurance company, that same credit car insurance will have to be used to secure the rental. But keep in mind that not all credit car insurance companies offer this benefit to its members. Therefore, a person must always call and consult with an agent from his or her credit car insurance company to find out if he or she has this coverage and what are the eligibility requirements in order to take advantage of this benefit.
Thus, when you need to rent a car insurance 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 insurance is in the shop for repairs, one thing you need to make sure is that you have insure it some sort of coverage. This coverage will help you in case there is a collision or accident and can save you a great deal of money.
In some cases, your personal insurance company or your credit car insurance company may offer an extension for car insurance rentals. However, if neither of these provides an option for the same, you can get insurance at the car insurance rental establishment. No matter where you secure your rental insurance from, it is a good idea to know what your options are first.
• Waivers: These include Collision Damage, Loss Damage, and Physical Damage. By purchasing these as an additional option, if you meet with an accident or face any loss or damage, the rental car insurance agency cannot sue you for any expenses incurred. However, it is important to understand that these waivers do not provide coverage for any third party damage that is damage done to the car insurance of another person.
• Supplements: Liability insurance is an extension that may be provided for payment by the rental agency. Personal liability is important because it protects you in case of an accident.
• PAI: PAI is a coverage provided in case if there is a car insurance accident that results in injury or death of any person within the car insurance you are renting. This stands for Personal Accident Insurance.
• PEC or PPI: This type of coverage permits you to recover the cost if any of your personal belongings are stolen from inside the rental car insurance. PEC stands for Personal Effects Coverage and PPI stands for Personal Property Coverage.
It is important to understand that the above mentioned options exist with many car insurance rental agencies. It may even be provided by your vehicle insurance company. Make sure that you have complete knowledge about your own insurance and decide whether or not you need to get additional insurance from the car insurance rental agency.
Whether you like it or not insuring your car insurance, whether rented or new, is a solid investment. The cost you need to pay out for car insurance rental insurance is far better in comparison to the costs a person would bear if he or she would have to pay for damages out of his or her own pocket.
Car insurance rental companies always offer rental insurance as an option at the time of renting vehicle. You may even qualify for coverage either through your personal vehicle insurance or through your credit car insurance company. Before finalizing a plan always consult your insurance or credit car insurance agent to ensure about the available coverage.