Madison WI Car Accident Attorneys | Rental Car Coverage
Madison WI Car Accident Attorneys Explain 2 Alternatives To Rental Car Companies’ Insurance Add-OnsHave you ever rented a car and been subject to the rental insurance upsell that so many rental agencies love to give? Yes? We thought so. Rental agencies make big bucks on these insurance add-ons – typically called Collision Damage Waiver (CDW) or Loss Damage Waiver (LDS). This is not a surprise when you consider that the sale is made right when you’re picking up the rental car and are likely tired, confused, and in a hurry to get the paperwork completed so you can get going. Rates are also relatively inexpensive, so many renters will say yes thinking the added protection is worth an extra $15/day. But is the insurance necessary? Two Alternatives To Rental Agencies’ Insurance Coverage
- Your Personal Auto Insurance Policy. Many Wisconsin drivers don’t need to purchase this additional insurance because they are already covered for rental vehicles under their own auto insurance policy. Most collision, liability, and comprehensive car insurance policy options cover the insured person regardless of the vehicle they are driving. You’ll still have to pay your deductible if you are at fault for an accident, but this is no different than if you’d been found at fault for an accident that happened when driving your own car. Before you head out to rent a car, double check your auto policy coverage and make sure the coverage follows the driver.
- Your Credit Card. Another way you could be covered is through your credit card company. Some credit card companies, including Visa, MasterCard, American Express, and Discover offer rental car insurance services that can protect you from fees charged by the rental company if an accident occurs if you used their card to rent the vehicle.