When renting a vehicle, it is important to understand how Florida car rental insurance works so that you have adequate coverage, but do not pay for unnecessary or duplicate coverage. Most people do not know anything about rental car insurance and end up having to make an uninformed decision at the car rental counter. Before renting a car, it is a good idea to contact your insurance company and the credit card company that you will be using to pay for the car rental.
Check your Regular Auto Insurance Coverage
Often, you may find that your personal auto insurance policy will apply to rental cars that are being used for vacation or other recreational purposes, but not business-related trips. You would, of course, be responsible for any deductibles associated with your policy. This may mean that you do not need to purchase Florida car rental insurance at the counter at all. It is important, however, to be aware of the fact that if your personal vehicle is an older model and you have dropped comprehensive or collision coverage, your rental car will not be covered if it is stolen or damaged in an accident. In this case, you would need to purchase the car rental insurance package.
Call your Credit Card Company
Insurance benefits available through credit card companies vary according to the company, the bank that issues the card and the level of credit of the customer. This is why it is important to contact your insurance company before renting a car to determine what, if any, Florida car rental insurance coverage you may have through the card. Often, customers find that they have coverage for loss of or damage to a rental car, but no coverage for damage to other cars or property in an accident and no coverage for the loss of personal belongings. The credit card may provide coverage for towing but not for administrative fees. It is vital that you verify any coverage before renting a car in Florida.
Considerations at the Rental Car Counter
When considering Florida car rental insurance at the rental counter you may find that you have coverage choices like loss damage waiver, liability, accident and personal affects. It is crucial that you understand all of your options in order to make a wise decision. Loss damage waiver relieves the renter of financial responsibility in the event a rental vehicle is damaged or stolen. It is also vital that you have the state required amount of liability insurance for your rental car, either through your own company of that of the rental car company. Personal accident coverage would cover medical and ambulance bills for people injured in an auto accident and personal effects coverage is for theft of items in the car.
In Florida you must be 21-years-old to rent a car and many rental car companies will check your driving record and credit history before allowing you to rent one of their vehicles. If you are planning to drive a rental car to Canada or Mexico, it is even more important to verify that you have adequate Florida car rental insurance that will cover the vehicle, your personal belongings, your passengers and other individuals and properties in the event of an accident.