Car Rental Liability InsuranceIs Car Rental Liability Insurance already included in your rate? It can be, if the rental car company is required to do so by law. Some states may provide basic liability coverage in the rates, but ONLY if you do not already have an active personal automobile insurance coverage policy (ie for your own car).
Remember, Liability insurance coverage for a rental car (either included in the rate or provided through your personal auto insurance) Does not include coverage for loss or damages to the rental car itself. Liability covers third party public liability and property damage claims against YOU while in the rental car (damages you cause to other people's vehicles, property, etc) Read more about:
This provides excess protection for bodily injury, death or property damage and increases the limits up to a certain amount (usually $1 million for the renters and authorized additional drivers of a r)ental car. It usually costs under $15 per day. Excess coverage is that which is above the limit required by law. In some areas, the SLI or ALI, if purchased, is in excess to any other applicable coverage. This means the renter’s personal coverage is used first and the individual car rental agencies’ protection will not apply until the renter’s or driver’s insurance, if any, has been exhausted.
When SLI or ALI is purchased the rental company will provide the Financial Responsibility Limits on a primary basis. This means that any claims would not go through your own insurance and would not increase your premiums.
The bottom line is check into everything!! If you don’t need to purchase the optional coverages you will certainly save money, but only if you are truly covered.
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