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Getting Temporary Car Insurance Coverage

If you are looking for short term car insurance you should know that you may not even need it. If you are thinking about getting car insurance for a short time period you are probably about to rent a car or borrow a vehicle…

Renting a car:

The rental car service will offer you some form of accident protection, liability insurance, loss damage waiver, and/or personal effects coverage. You do not need any of these offered insurances as long as you have your own car insurance because the insurance coverage you have on your car transfers over to the rental vehicle. It, however, does not transfer over if you are using the auto for some sort of business trip (something that is not recreational). In the following list you will find each of the 4 rental auto insurance possibilities and why you should probably skip each one…

Liability Insurance: All car insurance comes with liability coverage, which will transfer over to any car you drive. Keep in mind that liability coverage does not protect you, your passengers or you car, but those around the car (pedestrians, property, and other cars on the road).

Loss Damage Waiver: This protects the rental car from damage or loss. Some LDW’s only cover damage to the car if you are found to be innocent in an accident. Regardless, getting an LDW is pretty pointless if you have collision coverage (which would pay for repairs to the car regardless of who is at fault) and comprehensive coverage (which pays for damage or done to the car from things such as theft and collisions with wild life).

Personal Accident Coverage: It is very likely that you do not need this type of coverage because you either have health insurance, Medical Payments Coverage, or Personal Injury Protection.

Personal Effects Insurance: Your renters or homeowners policy will pay for the loss of items not only in your residence, but outside of it as well. If you want to insure something expensive, however, be sure to fill out a floater for that specific item. If you are not absolutely sure if you are covered by your own car insurer, read your policy and, if you don’t understand something, give your auto insurer a call. You should also know that if you pay for the rental car using a credit card, the credit card company may provide short term coverage for that automobile.

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