| |
What
is Car Rental Coverage? |
Car
Rental Insurance generally reimburses you up to $15 to $20
per day for the cost of a rental car when your car is
in the shop for more than 24 hours for repairs due to a car
accident or covered claim.
Here is an overview of the four major types of car
rental coverages:
- CDW
(Collision Damage Waiver), LDW (Loss Damage Waiver), PDW
(Physical Damage Waiver). The consumer pays
a daily charge for a rental car. The rental car company
will not charge the rentor if the car is lost
or stolen (according to the CDW and LDW). However, this
does not include third party damages or damages made to
the other car.
- The
Personal liability coverages such as LIS (Liability Insurance
Supplement). Additional liabilty coverage
is not paid in excess of your personal insurance.
- PAI
(Personal Accident Insurance or Coverage).
Payment in result of death or serious injury caused by car
accident from rental car.
- PEC
(Personal Effects Coverage) or Personal Property Insurance.
Responsible for lost or stolen objects from a rental car.
|
| Ask
your insurance agent about the amount of rental car insurance
coverage that you need, and purchase an amount that will provide
a rental car similar in size and style to the car that you
are currently driving. Also, make sure that your personal
car insurance does not already have the existing coverages
as
stated above. |
Get
Car Insurance Quotes Online