Do You Need Additional Insurance Coverage On Your Rental Car?

opening a car doorYou might need a rental car when you’re on vacation or if your car is in the shop. It’ll surely take time to get used to a new car and figure out how everything functions.

One of the last things you need is to be involved in a car accident while driving a rental vehicle. However, do you really need to purchase additional coverage when you’re paying for your own insurance already?

 

Different Insurances 

Rental companies’ additional insurance options can differ from one another, but typically, you will be asked if you want additional coverage on your rental car. Although you should always double check with your insurer if you are covered, your insurance plan for your daily vehicle will likely extend to a rental car without purchasing any of the rental company’s insurance plans. There are four types of coverages that companies offer: 

  • Collision Damage Waiver 
  • Supplemental Liability Protection 
  • Personal Accident Insurance
  • Personal Effects Coverage 

Collision Damage Waiver 

This coverage is also called Loss Damage Waiver or Physical Damage Waiver. Paying for this will mean that the rental company will waive all or some of the cost of the rental car if it is damaged or stolen. However, most insurance policies for people’s everyday vehicles already provide this insurance. Furthermore, some credit cards also already provide this coverage. Before you purchase the Collision Damage Waiver, contact your insurance provider to see if you already have it. 

Supplemental Liability Protection 

New York requires that all rental companies have minimum liability insurance for vehicles for bodily injuries and property damage. Renters that purchase this insurance will have the rental company pay for the amount that their minimum coverage does not cover which is for a very considerable amount. However, in addition to your personal vehicle’s insurance that likely already covers this, the minimum coverage that you have with your car will likely be enough. 

Personal Accident Insurance 

This insurance covers expenses following a car accident including medical, ambulance, and death costs for drivers and their passengers. Although these expenses can be exponentially high, your current insurance policies will also likely already cover these expenses.  

Personal Effects Coverage 

Lastly, this insurance covers your personal property that can be stolen in your rental car. You may also already be covered however through your homeowner’s policy. Therefore, you could end up paying for something that you never end up using. Before choosing to add this insurance, make sure you see if you are already covered and whether your personal items in your car will even be worth the value. 

Before You Decide 

All of these additional coverages are purely optional, and companies are prohibited from forcing you to purchase any of these. While it may sometimes be prudent to purchase additional insurance, you shouldn’t have to unnecessarily pay more money for additional coverage when you are already covered by your current auto insurance.  

Additional insurance can quickly add up, as you will be charged daily for each one. Before spending your hard-earned money, make sure you understand exactly what you’re paying for and always contact your insurance provider to verify what you’re already covered for. 

Contact Us 

Whether it’s your personal vehicle or a rental, being in a car accident can be stressful and costly. Although they are often unavoidable, the more information you know, the more prepared you can be if you find yourself in a compromising situation. If you are ever in a car accident, call us as soon as possible: (716) 907-7777. 

Dealing With Rental Car Accidents

rented car crashed to a tree

 

Many people go on vacation and believe it’s better to rent a car rather than driving to their destination. That’s very understandable and in many cases, much more convenient.

If you decide to rent a car, what if you get into a car accident? Who has to pay the costs? What are the repercussions? Most people don’t take these questions into consideration until they’re forced to. 

 

First Steps 

First and foremost, you need to make sure that everyone involved in the accident is alright. Health and safety should always come first. Secondly, you’re going to need to exchange each parties’ contact information. If you can, take photos to document what happened so you have proof of what happened. You will then need to contact your insurance company and the rental car company. One of the most important steps, however, is to contact your attorney. 

Depending on the rental company, you’ll be able to review their rules and procedures for dealing with accidents. While it is an inconvenience for you, keep in mind that these companies have dealt with car accidents for quite some time. They can figure out what to do, but remember that their main interests involve saving as much money as possible for the companies they work for. On the other hand, an attorney that works for you will have your best interests in mind. They know how to speak to other companies for you so that you don’t have to. 

The most important precaution is to make sure that you do not publicly post anything that can be used against you. Anything you say can be misconstrued or taken the wrong way. Even a simple Facebook post about your accident could harm your case. An attorney will be well-equipped to provide you with the aid and guidance you need when you have any questions. 

Liability 

Depending on which options you chose, you may have gotten additional insurance through the rental company. This additional coverage could be a beneficial investment for you and your family. All of this depends on the cost, accident, and injuries. Each accident is different. An attorney will be able to look over your insurance and rental car policy to explain exactly what the legalese means because you may be entitled to additional compensation. Deciphering this alone could lead to long hours of confusion and a headache to top it off. 

Moving Forward 

If you are injured in a rental car accident, you still have options. Whether it was the rental car company that failed to service the car they rented to you or someone else was at fault in an unpredictable accident, an attorney can determine your best options moving forward. A car accident is never a welcomed occurrence, especially not on vacation. Attorneys understand this and can help have you move past it while receiving compensation for injuries that you have suffered. 

Contact Us 

If you are involved in a rental car accident, O’Brien can help you. We can advise you on who is at fault and how to receive deserved compensation. Call us today at (716) 907-7777 so that we can figure out what we can do for you.