When you rent a car, you are responsible for any damage that occurs while you are driving. When you are signing the paperwork, you will be asked if you want to purchase a collision damage waiver. These waivers are not technically an insurance policy, but they will waive your responsibility for any damages that happen to your rental car.
If you decide to skip out on the collision damage waiver, which is also known as a loss of damage waiver when you rent a vehicle, and something happens while you are driving the car, you will end up with a very expensive bill when you return the car. The deductible on your rental car can be very high, and you may also have to pay for the “loss of use” while the car is being fixed. Before you sign the collision damage waiver, make sure to read it thoroughly and be aware of any rules that you will have to follow.
There are also other options to consider when you are renting a car that can provide the same protection as a collision damage waiver. Check with your credit card companies to see if they will provide any coverage while you are renting a car. You may also be able to invest in a collision damage waiver through your travel insurance when you are planning your trip. Your existing auto insurance policy may provide coverage, so make sure to talk with your insurance agent to see if you have the coverage that you need to stay safe.
For all of your insurance coverage needs while traveling, contact Abbate Insurance in New Haven, Connecticut. We will work with you to ensure that you have the right amount of protection for your entire vacation, including when you are renting a car.