Here's what you need to know about rental car insurance
The flight's booked. The hotel is, too. Now for the big question: Do you rent a compact, sedan or go big with a Mustang convertible? And to make sure that holiday is everything you need, don’t forget to get peace of mind. If you are thinking about renting a vehicle on your next vacation, remember rental car insurance. Where can you get rental car insurance?
There are a few places to look, but beware: Not all coverage is the same.
Vehicle rental company
Rental car companies cover some damages with a Collision Damage Waiver. The waiver transfer's the responsibility to pay for damage to the auto rental company. However, there can be exclusions, so read the details carefully.
Your bank
Some credit card providers offer rental car insurance. But there may be limitations or conditions. For example, your credit card provider may only cover rental vehicles from certain car rental companies. Therefore, calling your bank to learn about coverage conditions is best.
Auto insurance provider
Talk to your auto insurance provider, as most sell Legal Liability for Damage to Non-Owned Automobiles. It is an additional policy for vehicles you do not own and is only valid in Canada and the USA for up to 30 consecutive days.
CAA Travel Insurance
CAA Travel Insurance now offers Rental Vehicle Damage Insurance. Keep all your insurance in one place with CAA. Plus, if you get in an accident and are covered with CAA, it will not count against your auto policy. If anything goes wrong, you know CAA will be there to help and advocate for you. CAA’s Rental Vehicle Damage Insurance covers any physical damage or loss of a rented vehicle. It also helps cover expenses like towing. The best part? CAA Members save up to 20% on their policy1.