If you are looking for car rental in Athens, New York, Reykjavik or anywhere else, you need to know more about car insurance. You must also understand that getting the right car insurance coverage might not be as easy as it seems. You need to avoid many pitfalls so you can get what you need quickly and easily. You can find the answers to some of the most important questions about car rental insurance below.
What is the Excess fee? And How to reduce Excess fee?
In a few words, in case you hire a car and it gets damaged or stolen, the ‘Excess’ is the amount of money you have to pay to the rental company upon returning the vehicle.
The excess fee is just a contribution that you just need to make so you can get what you need from your car insurance policy. Your insurer might have a wide array of excesses that apply concurrently at any point in time. If you want to reduce your premium, you can also increase your excess. Your insurer might allow you to do that right away if you need to.
What is CDW or a Collision Damage Waiver?
A CDW is just an optional insurance that you can use when you are renting any car out there. Any car rental company will use the famous CDW as a waiver, and this will allow you them to avoid paying for any damage to any of their insured cars out there. You might even have to include the CDW insurance in your basic rental car package. Your insurance firm might also offer towing services and liability insurance. The prices and terms of a CDW will vary from firm to firm and from company to company as well.
What is a TP or Theft Protection?
Theft protection is all about peace of mind. You will be charged a certain amount of money if your car is stolen by any thief out there. A theft waiver can also be a separate cover that just you need to pay for right away. You need to understand that your car is not covered by damage or theft under the same policy, and you need to bear this fact in mind at all times too. Theft and vandalism might also be covered in your policy, so you need to talk with your insurance company so you can get what you want as soon as possible.
What should you do in the important case of any car accident or a car’s breakdown?
You need to stay at the accident`s scene when you are in the middle of a car accident, and this is very important for you to do it. You don’t want to leave the scene of the accident till it is time to do so. Don’t be a hit-and-run drive, as you might have to deal with serious criminal problems if you do so. You must also check on all passengers and driver as soon as you can. Calling the police is something that just you need to do right away too if you have experienced significant property issues.
You have now more information to make the right decision at the right time. Remember that car insurance is not hard to get, but you need to understand many concepts like Excess fee, CDW, and many others. This will allow you to get the right insurance coverage at the right time. Remember that you must avoid being a hit-and-run driver if you happen to be in the middle of any accident out there.
