The owner of an insured vehicle has been guaranteed coverage for damage to that same vehicle, along with injury to any occupants, following the same vehicle’s involvement in an accident. Would any of that promised coverage apply to a rented automobile, or a rented truck?
Usually rented vehicles enjoy the protection that comes from the liability coverage that has been offered by the driver’s own policy. Yet there are exceptions to that general rule, as per personal injury lawyer in San Leandro.
An exception that relates to the vehicle’s location at the time of the damaging or injury-causing incident
A standard car insurance policy does not cover any damage that a rented automobile might suffer, after it has been driven into a foreign country. By the same token, it does not cover any expenses that could arise, if any occupants were injured in an accident.
Most rental agencies stand ready to furnish any customer with a policy that would guarantee such coverage. Ofcourse, the customer would have to purchase that same policy from the rental agency. Consequently, the employees at such rental agencies normally tell any customer that has chosen against buying the agency’s insurance policy to avoid taking the rented car or truck into another country.
An exception that relates to added, expenses
While a purchased car insurance policy could be used to cover the cost for damages, or the expenses caused by an injury, if a policyholder were to rent an automobile, that fact would not eliminate all additional expenses. Indeed, the policyholder’s enjoyment of such coverage would get associated with the need to pay other expenses. What would those other expenses be?
One would be the deductible. All policies come with a deductible. The policyholder would have to pay the deductible, before the insurance company would agree to cover the cost of the damages to the rented source of transportation.
By the same token, all car insurance policies come with limits. The other expense would relate to the purchased policy’s limits. If the damage to the rented vehicle were to exceed those stated limits, then the policyholder would have to make up the difference. In other words, certain out-of pocket expenses could be added to any amount of compensation.
The ideal goal for someone that is renting a set-of-wheels:
Make a point of having complete coverage for all potential dangers
Decline an offer to buy any policy that would duplicate the coverage that has been offered by an existing policy
Smart consumers keep that two-point goal in mind, if they happen to be traveling, and thus have a desire to obtain a source of transportation, other than what might be provided by Uber or Lyft or, perhaps a taxi driver.