Car insurance

Getting Short Term Or Temporary Auto Insurance | California Auto ...

by Michael

If you are on the look for a cheap auto insurance policy for a short period of time, there is a big likelihood that you don’t even need to buy it…

Is short term auto insurance required when you are renting out a car?

The rental service will offer you some combination of liability insurance, personal effects coverage, accident coverage, and/or a loss damage waiver (more commonly known as LDW). If you have your own car and have the respective auto insurance, you are most likely covered for each of these 4 insurances. As such, getting even one of them is likely a waste of money. You just have to make sure that you are using the car for recreational and not business use.

Below is a list of the 4 insurance types that the rental car service may offer you and why you probably don’t need them.

Liability coverage: The liability insurance on your own policy will protect you.

Loss Damage Waiver (LDW): Collision & comprehensive insurance (if you have them on your car), makes this coverage superfluous. Your collision insurance pays for damages to your auto regardless of who is at fault in an accident. Comprehensive insurance protects you from damage or loss caused by everything from the weather to burglary.

Personal accident coverage or accident insurance: This type of insurance from rental car companies is health related. If you already have Personal Injury Protection (PIP), health insurance, or Medical Payments coverage, this type of insurance is unnecessary.

Personal effects coverage: Rental car companies offer this type of coverage for stolen items. However, it is very likely that your homeowners or renters insurance already covers items that are stolen not just inside the house, but outside of it as well.

If you want to be 100% sure that your homeowners, renters, and/or car insurances carry over, call them or read the policies for yourself. If you pay for the rental using a credit card, the card company may automatically give you some coverage, so its worth calling them as well.

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