Accidents happen when you least expect them, and it is advisable to be prepared for any unexpected events that may arise. Renting an exotic car during a holiday adds fun to your road trips and the expense that comes with it is worth the satisfaction.
However, it is important to consider insuring the rental car against any accidents or damage that could cost you a fortune. Most exotic car accidents happen because people want to get the thrill and then crash! What you never wished happens, and it ends up costing you extra fees.
What you should know about your credit card
It is important to know about the car insurance that your credit card offers and also the kind of car insurance you have for your car. The credit card insurance and your personal car insurance can help you to cover up all of the damages caused by an accident. You should always consider either having credit card insurance or take the company’s supplemental insurance. You should also know when your credit card has you covered, how your personal car insurance guarantee covers you in the case of a rental car accident, and when it is best to purchase the rental car company’s supplemental insurance.
Credit card insurance
Credit card insurance only covers the Collision Damage Waiver caused by an accident to your rental car. This means that this cover does not pay for damage on any other vehicles you got into an accident with. It is important to know whether your card provides primary coverage or secondary insurance.
Primary insurance coverage is convenient because you will not be dealing with your own insurance company for coverage of rental car damage. With secondary insurance, you will have to go through your insurance company first and then the credit card company picks up what is left.
Using the credit card company to pay for damages before your personal car insurance takes over prevents the increase of your insurance premium. Travelers’ cards have good rental car insurance coverage but other cards have specific exclusions to coverage.
If you want to rent a super car, you can look at this site to see all of the cars that are available and choose the one that will give you the thrill that you want. You may also consider those that your insurance policy covers. Some insurance policies exclude their coverage in specific countries and certain types of cars, and it is important to know those details. Credit card insurance can also only cover you if you charge the whole rental amount to the card and the name on the card is listed on the official rental agreement.
Personal car insurance
A rental car accident case can be covered by your personal car insurance depending on the extent of the coverage that you have with your insurance company. When you have comprehensive and collision damage that covers theft or damage to your car regardless of who is at fault, then it can pay for a rental car as well. Before you go for a rental car, it is good to start by calling your insurance company to inquire about the rental car benefits that it covers.
There are different insurance coverage options that you can consider when you want to rent a car and you should always ensure that you are well-covered. The insurance premiums and cover limitations are important factors that you should understand to ensure that your trip is worry-free.