Would your automobile policy provide you with the coverages you may need when renting a car? Rental car contracts vary by different rental companies, potentially leaving you responsible for various portions of the contract if an accident occurs and it’s not covered under your policy.
Portions of the contract you could be held responsible for include loss of use (the income the rental automobile would have produced had it been in service); diminished value (the reduction in market value of the rental car after being repaired or sold in a damaged state); and replacement of the rental automobile with a new automobile if the rental automobile is deemed a total loss.
Your auto policy may be able to provide you with the coverages you need. The same coverages carried on your personal automobiles may extend to rental automobiles for accidents that occur within the United States, its territories or possessions, Canada, or between their ports.
Loss of use and replacement of a rental automobile with a new car may be extended from your insurance policy when at least one of your automobiles has comprehensive and collision coverage. Coverage for diminished value may be provided by purchasing that specific and additional coverage.
Please contact our office to inquire about which rental car coverages are available under your policy.