Business Rental Car Supplement Liability Insurance

Here’s your delicious A-list of business rental car supplement liability insurance if you are away by air and need a car at your destined business location. If you are indecisive, problem may arises from not knowing if your own personal or business car insurance will cover you while renting a vehicle.

The main reason to get yourself covered is to make certain you have enough coverage to pay for costly repairs if you should happen to suffer any accident in a rented car.

So, what should you do next after you decide on what car to rent? What kinds of coverages are there and just what should you get?

Business Rental Car Supplement Liability Insurance

While it is a good idea to check into your existing coverages before your trip, many people seldom do such work. It’s always better to call your insurance agent and find out if you will have enough coverage under your existing policy. If not, familiarize yourself with all your insurance options for a rented vehicle will at least let you more informed for decision making.

• Collision Damage Waiver (CDW)/Loss Damage Waiver (LDW). This option waives the right of a rental car company to recover money from the renter if the vehicle is damaged or stolen while in your possession. In other words, it essentially take the place of your own collision and comprehensive insurance, letting you off the hook if the rental is stolen or vandalized, or if you crash it. However, do take note that your coverage may become void if the accident was caused because you were speeding, driving under the influence or some other reckless error on your part (negligent manner), or drive out of the state where you rented the car if geographical restrictions apply.Check too if it covers damages made to someone else’s car during your rental (third party damages).
• Personal Liability Insurance Supplement (LIS). The agency may also offer supplemental or additional liability coverage that will pay over and above what your personal liability or business insurance covers. If you are worried that your own auto policy has low liability limits, you can purchase extra coverage. Do note that if you purchase this insurance from the rental car company, it becomes your primary liability insurance. Your own personal auto liability insurance is, again, relegated to excess-coverage status. If you do not already have personal liability coverage you should purchase the rental agency’s.
• Personal Property Insurance/Personal Effects Coverage (PEC)
  . The insurance company will pay you when you have something stolen from your car under this policy. Most rental car companies also offer “personal effects” coverage for your personal property that might get stolen out of the rental vehicle. Opting for this coverage is obviously something you have to decide for yourself if your existing coverage doesn’t include this coverage, and it is always better to get it if you are traveling with high-value items.

Business Rental Car Supplement Liability Insurance

Even though making sense (and cents) out of all the coverages you already have on your car insurance and the ones that are offered by the rental companies may not be easy, if you could sort out and understand the reasons to checking your existing coverages before your trip, you will find it a not so difficult task.

According to insurance experts, the main reasons get coverage at all are liability protection, convenience and savings. While from personal point of view, it is always for the pleasure of peace of mind on top of the three reasons given by experts, because if you are not covered, most rental car companies will hold you totally responsible for your rental vehicle if damaged or stolen. (note: you may want to check out Business Liability Insurance for related info)

In summary, check first with your car insurance agent at home. When at your destination and it comes to business rental car supplement liability insurance, it is better to double confirm the coverages and waivers and whether you decline or accept them and always check before leaving the premises.

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