Monday, August 6, 2012

Risk and risk management is part of everyone’s life. Insurance is available to offer protection from




Insurance cover for rental cars can be a bit of a touchy subject. When it comes to rental cars and insurance cover for rental cars , it's important that people are careful. But not necessarily suspicious.
People often go into car rental agreements waiting for the rental company to try to trick them into spending more money than they need to. Insurance cover for rental cars tends to be the trick they're waiting to hear about.
Depending on your situation, you may or may not need extra cover. But you shouldn't discount rental cars ignore insurance cover for rental cars automatically. There are three things that you need to check when making that decision.
As we discussed in a previous blog, if you pay by credit card you automatically get insurance cover for your rental car. In a lot of cases this is the only cover you'll need so you should always check with your provider. You should also check your personal cover . Your own cover may extend to insurance cover for rental cars.
This advice extends to all insurance policies but also covers hiring a car. When you rent a car there will be excesses on certain parts of the car like tires, discount rental cars windscreen, etc. When you look into insurance cover for rental cars make sure you know what the excess situation is. This will give you an indication of your insurance needs.
This is something to check once you've decided on the insurance cover but it's still something you need to keep in mind. Insurance cover for rental cars will cover you for damage to the car, but you need to know if you were the one who caused discount rental cars the damage. Make sure you check the car for scratches/damage before you drive away. Insurance cover for rental discount rental cars cars can protect you but being aware of what damage was caused while you had the car could save you from an excess bill.
Risk and risk management is part of everyone's life. Insurance is available to offer protection from most risks, but insurance choices are difficult and are not always the preferred risk management solution.  Alternatively risk transfer programs are available to offer means of protection against risks when conventional insurance is unavailable, too costly or unsuitable. Click here to downloud our free white paper on risk management and insurance.
In other words if you rent a car and get into an accident, that car may need to be taken to the repair shop after your rental term is over. The rental company would then suffer discount rental cars a loss of rental income which they would charge back to the customer who rented discount rental cars the car. A lot of policies will exclude this coverage and the insured would be on the hook for whatever rental income they lose, which could get pretty costly. I did confirm with a lot of car rental places that they do indeed assess discount rental cars this damage back to their customers. Be sure to ask your agent if your policy would pay for any damage due to loss of rental income assessed by the rental car company. If they do not cover this, your insureds may need to purchase some level of insurance discount rental cars from the company they are renting from.
We recommend to our clients that in the signature section of the rental agreement sign as the individual and then For or On behalf of then write the business name. This makes it clear the Hired Physical discount rental cars Damage and the Hired Car liablity discount rental cars of the business auto or that portion of a G/L policy that enxtends discount rental cars to the HNO coverage has no ambiguity.

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