The busy highways of Tennessee can lead to serious car crashes. If you plan to rent a car for travel in the state, you should prepare for the possibility that an irresponsible driver might hit your rental car. This can add even more worry on top of your accident. This is where rental insurance may ease your concerns.
If your rental car sustains damage, you might worry that you will be on the hook for the repairs. As Nerdwallet explains, you have various options you could explore to insure your rental car and avoid paying burdensome costs.
Rental car coverage
If the rental car company offers you insurance options, pay close attention to what it covers. For instance, you may want personal accident insurance to cover you in the event you or your passengers suffer injury in a collision. Such policies may include medical care, ambulance transportation and even death benefits.
However, you do not have to buy the rental company coverage if you do not want it. Some insurance companies sell independent policies to cover rental cars. Be aware that you may need to turn down the coverage from the rental company in order to make use of an independent policy.
Collision damage waiver
The rental car company might also offer a collision damage waiver or a loss-damage waiver. This does not technically qualify as insurance, but it may be just as valuable. With an LDW or a CDW, you have secured a promise from the rental company that it will not hold you accountable if your rental vehicle sustains damage or if someone steals it.
Other options for rental car coverage
You might not need to buy rental coverage if you have existing collision and comprehensive coverage from your own policy, though you will likely have to pay a deductible if you use this option. Additionally, your credit card company might offer you rental vehicle coverage if you pay for the rental car using the card.
If another motorist collides with you, ideally you would get your compensation from the at-fault driver’s insurance policy. Still, making sure you have insurance options in place may relieve some stress if you have to deal with an accident with a rental car.