If you are renting a car, you may need to take out a rental car insurance policy. This will help you to pay to repair or replace the rental car if something happens to it, such as theft, fire, an accident or hail. Find out more about rental car insurance here. 

Rental car insurance

The most common type of car rental insurance is in the form of a damage-and-loss waiver (DLW) which is also known as collision damage waiver. This type of insurance is beneficial because it provides protection if your rental car is damaged following a collision, or if the car is vandalized or stolen. This is also a waiver. It is a kind of “insurance” that the rental company won’t come after you in the event of the rental car being in an accident, or stolen, etc.

Do you need rental car insurance?

Absolutely. If you are renting a car without rental car insurance, you will be held fully responsible for any damages to the rental car, as well as for any liability issues. Having rental car insurance will help you to cover any damages done to the car. You will be able to claim the amount of money that will be needed to fix the damages or to rent a new car in the case of a serious accident.

How much is rental car insurance?

Rental car insurance payments will differ because of the different payment plans. You get liability coverage, collision/loss damage waiver, personal effects coverage or personal accident insurance. Always reach out to your local agent for guidance and more information on which insurance plan will work out best for you.