When looking for a travel insurance policy to cover your car rental, there are a few things you need to keep in mind. First, make sure that the policy covers the country or countries you will be visiting. Some policies only cover specific countries, therefore it is important to read the fine print before committing to a plan.
Today, we will discuss a few tips on how to get a suitable travel insurance policy to cover your car rental.
If you plan on renting a car, be sure to name all co-drivers on your travel insurance policy. This will ensure that everyone is covered in the event of an accident.
Should an uninsured motorist drive your vehicle and get into an accident, your vehicle will not be covered for damages.
If you're going to drive across a border into another state or country, notify your insurance company when you apply for rental coverage. This is because auto insurance is only valid within a local area by default, and your car rental coverage will be voided the instant you cross borders.
Some car rental companies overseas might have certain restrictions for renting a car.
This includes: age restrictions (disqualifying younger drivers), years of driving experience, and even the license type that you possess. In some countries, it is common for rental car companies to reject P-plate drivers.
An International Driving Permit (IDP) can come in handy if you plan on driving during your vacation abroad.
Your rental car insurance may not cover the whole automobile. The windshield and tires, for example, may not be covered by your policy.
If your automobile's tyres are hacked or the windshield is broken during a robbery, you may be held responsible for the full losses if your insurance does not cover these two items.
Therefore it is important to check with your rental car company or insurance policy to see if they are included in the coverage.
The excess in car insurance policies is usually a fixed amount that you must pay before any claims are paid out.
For example, if your excess is $500 and you have an accident that causes $5000 worth of damage, you will only need to folk out $500, while your insurer covers the remaining $4500.
It is not worth claiming your insurance when for instance , you only have $100 worth of damage as your excess will usually be higher than the amount you need to pay.
Assuming having the same coverage, the lower the excess you want to pay, the higher your premium.
Another alternative is to purchase a good personal travel insurance policy, which will cover you in the event of accident. Aside from obtaining comprehensive automobile rental insurance, visitors may rely on simply purchasing a decent personal travel insurance plan.
In addition, a travel insurance policy can cover you in a variety of situations, including medical emergencies, travel disruptions, flight delays, the loss of items, theft, and even automobile rental excess.
It might be an advantageous (and less expensive) alternative to purchasing comprehensive automobile rental insurance at times, while you also get to enjoy personal travel insurance coverage.