Rental trucks come in handy when moving to a new home. It is also easy to damage the vehicle because of being distracted by the move. Truck rental insurance protects you and the rental vehicle. Here are three things to consider when making a decision about whether or not to get rental coverage.
Coverage from the Vehicle Rental Company
Rental companies, such as Del's Truck Rentals, offer a wide range of coverage. It protects the renter in about every situation. This includes vehicle repairs related to traffic accidents, damage from malicious activities caused by a third party and vehicle theft. It is also not uncommon for this type of insurance to cover anyone injured during a traffic accident. This package provides the renter with a significant amount of liability coverage.
It helps to check your personal car insurance policy for coverage on rental vehicles. Many car insurance policies offer protection for policy holders when driving a rental moving truck or van. According to Geico, many policies include a collision damage waiver (CDW). A CDW is a waiver that transfer financial responsibility from you to the rental company in case of theft or damage.
The waiver also protects you in cases of "loss of use." A rental company can charge you for the money they lose while waiting for the vehicle to be repaired. If you have liability coverage with your car insurance company, then you do not have to get extra liability coverage for your rental. Not checking with your car insurer means paying for double coverage and making the rental more expensive. It helps to compare the terms of your car insurance policy against the terms of the rental company.
Coverage from Your Credit Card Company
When renting a vehicle, you have to secure the vehicle with a credit card. Some credit card companies offer protection on vehicle rentals. It is important to look over the terms of your credit card agreement. Coverage offered by your insurance company is usually limited. You have to determine what situations are covered and the amount of coverage.
Accidents can occur at any time when driving someone else vehicle. Insurance protects you and the rental company's vehicle. Before making the decision to decline rental insurance, you should first check with your credit card company and car insurance company. Paying a little more for coverage gives you a peace of mind and protects your personal property.