Should drivers reject or accept the insurance offered by rental car companies?
In our opinion, the coverage under most rental agreements is unreliable since there are provisions in every rental contract that can void coverage. For example, coverage is often voided if you have a single drink before driving, if an unauthorized driver is operating the vehicle, or if the car is taken on unpaved roads. For this reason, we have been advising our clients to purchase hired car physical damage on their business auto policy and reject the ‘insurance’ offered when you rent a car. What are the limitations of personal auto policies and credit card coverage in regards to rental car insurance? Some personal insurance policies will not cover an SUV, van or pickup truck being used for business. Plus, a personal automobile policy won’t cover if physical damage coverage is not provided a likely case if the person drives an older vehicle. Also, the claim will be handled on the personal automobile policy, which will be on the driver’s loss record and might result in premium surcharge
I think that people should do their research and comparisons! It may or may not be good, but the only way to know if you are getting a good comprehensive insurance policy quote is to see what others are offering you. Get in touch with a car finance broker and see what they can do to make your terms look better.
