If you plan on traveling this holiday season and decide to rent a car, use our Car Rental Tips!
We, as consumers, often assume because we have a Personal Auto Policy that we are covered in the event of an accident with a rental car. Become familiar with your Personal Auto Policy and rental agreement for the vehicle you are renting before even approaching the rental company.
Mackoul’s Car Rental Tips
If you are renting a car with two or more people, put all those you expect to drive on the rental agreement. In the event of any occurrence where someone NOT listed is driving, that rental vehicle is considered stolen.
If you have a credit card that offers various coverages when it comes to renting a car, READ THE FINE PRINT! Some cars/SUVs are excluded from these programs. Make sure to find out from your credit card carrier if they exclude certain vehicles.
Be aware that valet parking a rental vehicle can be risky. The vehicle is also considered “stolen” while in the care of a valet. Typically, the valet company will have their own insurance and you as the insured will be protected in terms of liability. This situation can quickly become a sticky one. If you can, avoid valet parking with a rented vehicle. The valet is ultimately not an authorized driver as he/she is not included in the rental agreement.
Be aware that when damage occurs, the rental company may charge you a set amount until the damage can be assessed. This charge can, and may be, immediate.
According to IIABNY (Independent Insurance Agents & Brokers of America, Inc.), if you rent a trailer, such as a U-Haul truck, your personal coverage is typically limited to under $1,500. In this case, purchasing the Collision Damage Waiver (“CDW”) and/or Loss Damage Waiver (“LDW”) is highly recommended, if not necessary.
Remember to take photos of the vehicle you are renting (interior and exterior) BEFORE leaving the lot!
We recommend you accept the Collision Damage Waiver (“CDW”). The CDW can protect you if you are in an accident against the cost of repairs, the cost of the rental company not being able to rent out the car and other liabilities. By purchasing the CDW, you may be able to avoid YOUR auto policy having to pay any damages. Thus saving you a potential rate increase!
The Loss Damage Waiver (“LDW”) is similar to that of the CDW but will cover causes of loss other than collision.
For more information contact Amanda Schultze.