Should You Purchase Rental Car Insurance, Part 2

So I'm wondering how many folks knew the answer to last weeks question (feel free to comment below either way). In all fairness, the answer may vary from situation to situation. There are a lot of things to consider, and the rules differ from insurance carrier to insurance carrier.

BUT, here are a few things to consider. First, what about the variation in value between the 2004 Honda Accord and the 2014 Ford Taurus. If you choose not to take the rental car insurance, and your insurance company and or credit card company  provides coverage for rented vehicles, or you purchased an endorsement to cover rented vehicles, then you most likely are covered  (there are very few absolutes in insurance since anyone can sue anyone, and judges are not God), even though the value of the rental car you just wrapped around that telephone pole is substantially higher than your little Honda Accord.

BUT, BUT, what if a critical part for that 2014 Ford Taurus is not available and delays the repair for 8 weeks. Your insurance company is picking up the tab for the repairs, but what about the lost income to the rental car company for not having the car available to rent while it is waiting on the part? Yep, you probably already guessed it, unless some judge forces your insurance company to pay for the lost income, they are more than likely going to bow out of that little piece of the puzzle, leaving someone (we won't mention any names) on the hook for the daily car rental rate for the entire time the car is unavailable.

Moral of this story, get the rental car insurance even if your credit card company and/or insurance company offers some coverage, especially if you are renting a vehicle while traveling in another country. 

So here's the deal, you should have known the answer to the question based on the carrier and coverage you have, and if you didn't, your agent is a blankety blank, and should be kicked to the curb, then replaced with an agent that will make sure your assets are covered appropriately. If it's time to kick your agent to the curb, please click on the link below, which will take you to my Agent page of the Reynolds Insurance Agency website, there you will see an option that looks like this:

Provide Agent With Renewal Dates

Clicking on the radio button in front of that option will take you through a short interview process that will allow you to provide me with a little contact information, and your renewal date(s). Doing so will not obligate you to anything, just provide me with enough information to contact you a few months before your renewal date to see if I can provide you with not only insurance, but an appropriate level of knowledge about your coverage to provide peace of mind and spirit.

http://www.thereynoldsagency.com/ins-smyrna-tn/bob/