Rental Car Insurance
It may be tempting to opt out of rental car insurance offered at the rental counter. On the other hand, it is also important to have some sort of rental cover insurance. Someday, you will find a situation where you have to make a claim on rental car insurance, or you will have to pay it by yourself.
It is not always important to get insurance from your own company for which you work. You may find multiple options in the market and choose the best one. To make a wise decision, we will help you choose the one option that fits you. But before looking at the various rental car insurance companies in the US, let’s understand some important car insurance policies.
Understanding your Insurance Coverage
- Liability Coverage: In case of accident by your vehicle, liability coverage provides you with the expenses of the other party (the one being damaged).
- Comprehensive coverage: In such a coverage plan, the cost of damage to your vehicle is provided. This covers the damage under theft, wind, fire, and natural disasters.
- Collision Coverage: If your vehicle is damaged by the collision, then this coverage helps you to provide the benefit of repairing your vehicle.
This is the basic guide to understand the best-fitted coverage according to your needs. Now, let us talk about facts of car rental insurance in the US.
You will Pay Upfront for all Damages
You may rely on your insurance to pay for the major damages. However, a credit card with an insurance or a third party will also help. In all such cases, you need to pay the damage claim front, and then you can file the claim afterward.
‘Damage’ is more than Fixing a Dent
Insurance companies may charge you in more ways than just fixing the damage. You can face several problems. They may charge you for:
- Towing charges – This is charged in case you are not able to drive your car to the service station.
- Diminished value – This is the potential loss of the car’s resale value. The rental companies dispose of it off, usually within three years.
- Administration fees – This is the fee charged for the processing of the claim amount.
Drop your Keys & Forget it
Sometimes, the rental companies may surrender their right to provide you with the claim. However, it doesn’t matter how bad a condition the car is in. You are in the right zone if your insurance company is supportive enough. These are some of the most common problems a customer usually face while claiming car insurance.
There are many car rentals companies in the US. However, the top 10 car rental companies in the US can be names as:
- Sixt Rent a Car
- ZoomCar
- Payless
- Fox Rent a Car
- National Car Rental
- Advantage Rent-A-Car
- Budget Rent a Car
These are the top 10 car rental companies in the US. People in the US have multiple options to choose, but they should always look for the best service provider.
