Covering Rental Cars

Ken wants to know if he should purchase rental car insurance when renting a car. Dave says he usually relies on his car insurance, but it depends on the case.

QUESTION: Ken on Twitter wants to know if he should purchase rental car insurance when renting a car. Dave says he usually relies on his car insurance, but it depends on the case.

ANSWER: Most of the time we utilize our existing insurance, which covers your rental car. You need to check with your insurance to see that it does. In some cases it depends on what you’re doing. A couple of times I’ve looked at it and wondered if it was a good idea or not.

As a business, we’ve paid a few deductibles over the years. Most of the time I don’t. But I made sure before I did that that I was covered by my existing insurance for my rentals. Most basic car insurance does that, but double check before you do that.