What to Know About Rental Car Insurance
If you’re planning a trip and considering renting a car, one important aspect to understand is rental car insurance. It’s crucial to know what types of insurance coverage are typically offered by car rental companies and what factors you should consider when deciding whether to purchase additional coverage. Let’s dive into the details. Types of Insurance Coverage Offered by Car Rental Companies 1. Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) CDW or LDW covers the cost of damage to the rental vehicle in case of an accident or theft. It usually comes with a deductible. 2. Liability Insurance This covers damages to other people’s property or injuries to other individuals in case you’re at fault in an accident. 3. Personal Accident Insurance PAI provides coverage for medical expenses for you and your passengers in case of an accident. 4. Personal Effects Coverage This covers the theft of personal belongings from the rental vehicle. Factors to Consider When Deciding on Ad...