The first step is to review your car insurance policy or contact your provider to see what type of rental vehicle coverage is already included in your personal auto insurance policy. If you have comprehensive and liability coverage for your personal car, the coverage will normally extend to your rental car within the United States. Yes, Geico offers car rental insurance. If you already have a personal car policy with Geico that includes liability, comprehensive and collision coverage, this insurance will likely be extended to cover your rental car.
If you only have liability insurance with Geico, physical damage to the rental vehicle will not be covered. What insurance coverage covers damage to your vehicle that isn't due to a car accident? Have you heard of Geico's comprehensive coverage? Understanding the different types of insurance can help you choose which Geico policy best fits your needs. Then, you get a clipboard with an intimidating car rental contract full of confusing insurance options. If you don't have enough coverage through Geico to cover your rental car, you can buy insurance from your car rental company or see if your credit card company offers it.
However, Geico's comprehensive and collision coverage limits may not be high enough if you rent a car worth much higher than your personal vehicle and the car is completely liquidated. It seems that this is often not the case, if not, then you have the option of buying rental insurance at the place where you rent the car. I've been told that Geico's personal insurance doesn't cover rental cars if the rental lasts more than 30 consecutive days. Geico also offers rental car reimbursement coverage, which helps pay the cost of renting a car while your personal vehicle is being repaired for a covered claim.
It seems like I need to review car insurance policies and see which one would best complement rental car insurance. I've heard that there are certain types of insurance that I can afford to refuse when I need to rent a car. This is not an insurance product, but rather an exemption that transfers your financial responsibility to the car rental company in the event of damage or theft. First, you can choose the right level of coverage by considering your state's insurance requirements and creditors' insurance requirements.
It should not be confused with rental reimbursement coverage, which is a supplement to the car insurance policy that offers reimbursement for a car rental in the event that the car is repaired due to a covered loss or accident. Rental car insurance is insurance that covers you when you rent a vehicle directly from a car rental company, such as Enterprise Rent-A-Car. If you don't have either type of coverage, you can take out personal accident insurance through the car rental company. In most cases, collision damage exemptions also offer “loss of use” coverage if the car rental company charges for the time a damaged car cannot be used because it is being repaired.
When you rent a car at the airport or another car rental agency, you will be asked if you want to add insurance to your rental or if you want to exempt it from insurance.