Rental Car Companies - Declining insurance?
I want to rent a car,but I don't hold a car that I own, hence I don't hold insurance. I know rental companies attempt to hit you up for the extra insurance, but is it mandatory, and what would happen if in attendance was an fluke, and I declined insurance? Most companies are self insured, so i wonder in the order of this.
Answers:
Hit you up extra? Heck, short a car insurance policy of your own, you're not going to be ABLE to rent a vehicle. Just call around - NO ONE will rent you a sports car, if you don't have a policy.
Yes, insurance is mandatory. If you don't enjoy ANY, on the slight chance that they'll rent to you at adjectives, they'll put a hold on your credit card - like $20,000, within case you're surrounded by an accident. If you don't own a limit that dignified, they're not going to rent to you. If you DO have a limitation that high, that hold is solely going to pay for the mar to THAT CAR. You'll be sued for damages to any other vehicles or bodily injuries, and you'll lose that suit.
Most rental vehicle companies are self insured, because the cost to insure physical damage on rental cars is ASTRONOMICAL, because in that are TONS Of losses.
you are financially responsible for the vehicle.. if you have no auto insurance.. BUY THEIRS!!!!
purchase theirs...YOU NEED IT to rent a motor. plus, its NOT that expensive
I had an experience once, that I'll NEVER not takeout Their coverage.
I rented a contemporary Ford, 12 mi on it. I made a wrong turn, and when backing up, i rubbed the fender against a gruard guardrail.OUCH!!!!!!
I had to saturate in an catastrophe report - they helped me, They asked if I reported the incident to the police. i explained, in attendance were no injuries, the guard railing wasn't damages, there be no other vehicles involved, and the coup¨¦ was driveablle. If I have called the police for that, they might enjoy shown up in a month or so.
I have to sign in around 10 places, but I never heard another word.
You don't have to purchase anything but if you wreck the motor whether you're at fault for the catastrophe or not the rental company is coming after YOU for the damage to their vehicle.
Buy it and retrieve yourself the hassle.
In some states the insurance the rental agency has doesn't apply when the vehicle is rented.