If you are a recent or frequent vehicle renter, you know the issues associated with vehicle rental insurance. This has become a big issue with many customers, as there are many points of view being considered about this topic. Ultimately, you will have to decide if you should take the additional insurance offered, or skip it altogether.
The real answer is, you might need the extra insurance. If your insurance policy and/or credit care insurance will cover any accidents, most people would think that is good enough and not give declining the extra insurance a second thought. The other side to all this reasoning, is that any damage might exceed the limits of your insurers, thus making you liable for any amounts above and beyond those limits. You will be insured, however it might be enough to cover all loses.
Not having car insurance or depending on a minimal coverage policy to properly cover any damages incurred when renting a vehicle will put you at greater personal financial risk and would be wise to purchase the additional rental insurance offered by the rental company, to make sure you are properly insured. This will truly give you peace of mind, no matter what occurs while you are renting the vehicle; you will know that the rental vehicle has the coverage that is necessary to keep you protected.
If you have very good car insurance and know that is will cover anything that happens to the rental vehicle in any situation and have additional coverage of the credit card company, you probably won’t need the extra expense of the rental insurance. However, be ready to hear the sales pitch of the rental agent that will sound very convincing. Unless you want to spend the going daily rate of $50 you can ignore any common sense pleas. Just remember to know all your facts to make an informed decision in your best interests.
Why would anyone think that car rental insurance is any different than your personal car insurance policy? In most all policies there is the expectation of the policy holders paying a deductible. This shouldn’t surprise anyone. The same amount of liability applies to rental as well as personal vehicles that are insured. To be on the safe side, just make sure you are protected with the best policy you can afford, just in case something happens unexpectedly.
Don’t get distracted by all of the Australia car rental companies around. Stick with Budget, the Car hire company that you know.
