Whether to get rental car insurance coverage is a question often times wondered when renting a car for business or vacation. Your first decision would be if the extra cost is reasonable. Most rental car companies will make you responsible for any damage done to the vehicle if you don’t have the damage waiver.
If the car is damaged, there are some factors to consider on whether your personal auto policy would cover these damages. When renting, you want to consider your liability limits on your current auto policy to ensure it is sufficient to cover any damage that may be done to the rental car. Also, check your policy to see if there are exclusions when renting a vehicle for business purposes.
Next, you’ll want to consider your own inconvenience. If there is an accident in your rental car, you’ll face potential premium increases. If a claim is submitted, then you’ll need to work with your insurance company as well as the rental car company’s insurance company.
If you have questions about how rental car insurance works or want to review your current Oklahoma auto insurance policy to ensure you’re properly covered, give The Insurance Center Agency a call or email.