In today’s world, owning a car is an expensive affair, and the vehicle’s maintenance cost keeps on increasing as the car gets old. If you feel that your car is not of much use and you are worried about the cost involved in owning and maintaining a car, a rental car is the best option available for you. Renting a car is very simple and is also an inexpensive process. When hiring a rental car, you do not have to worry about the cost of maintaining it, and you have to fuel it up and drive. Rental cars nowadays are available even for a single day and month. Bonzah provides affordable rental car damage insurance as compared to any other policy. They have sold thousands of policies to like-minded travellers.
Benefits Of Car Rental Insurance Policy
As the name says, this particular type of insurance protects you against any damages done to the car. Collision Damage Waiver covers up the body damage only. Any damage to the windshield, tyres, battery, interior, engine and gearbox is not covered. Any damage to the car because of reckless driving or under the alcoholic influence is also not covered.
2. Theft Protection
Under any situation, if the rental car gets stolen, the theft protection shall ensure that you do not have to pay any amount from your pocket to the rental company. Moreover, theft protection also covers the damages done to the car during the attempt of stealing.
3. Third-Party Liability
The third-party liability covers the damages done to any third party from your rented car. However, if the insurance company finds that you are breaking any rules of the coverage, then you shall not be eligible for the insurance.
4. Personal Accident Insurance
This particular advantage of a car rental insurance policy ensures that you do not have to pay for the medical bills, ambulance in case of any injury done from your car. People who have personal health insurance and medical payment coverage are likely to have coverage policies as compared to the policies offered by the rental company.
Things To Check When Buying A Rental Car Insurance Cover
There are different factors to consider regarding the rental car insurance policy. Unlike a personal car insurance policy, one must consider the following pointers when buying one.
1.Maximum Limit Of Collision Damage Waiver
The maximum amount of damages covered in your policy completely depends on the type of policy you have chosen. Under any situation, if the claim billing of the rental car company exceeds the amount of the coverage insured in your rental car insurance policy, then you might have to pay the surplus amount from your pocket. To avoid this situation, it is better to choose a policy with a maximum collision damage waiver limit.
Deductibles are those elements you need to pay when the claim is raised. Buying comprehensive coverage with zero deductible cover can avoid this liability of payment when the claim is made. You have to pay a kind of liability payment on raising a claim.
3. Roadside Assistance
The roadside assistance facility for rental cars is different for insurance companies. Some insurers provide that assistance as the standard inclusion. On the other hand, some insurers only provide this facility over a specified geographic area. This facility is essential when opting for rental car insurance cover.
4. Coverage For The Car
You should check the complete coverage of the car, its specified components and collision damage waiver before taking in hand the policy for the rental cars. This precheck of rental car insurance policy can help avoid last-minute hassles at the time of payment of the claim.
The Bottom Line
Steep prices of owning and maintaining a car have often made people reconsider their purchasing one. Rental cars are the only solution to the worries regarding repairs, hefty loan repayments and other obligations of owning a car. Along with renting a car, the car insurance policy is also very important, and it is different from a personal car insurance policy but ensures full protection.