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Sandra Said:

How does rental car insurance offered by credit card companies (when you use the card) work?

We Answered:

Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell (to Manitobans) a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So, before you rely on your credit card, read the wordings booklet, then talk to you auto insurance agent.

Sonia Said:

I was hit by someone backing out of a parking lot Does his insurance cover my rental car?

We Answered:

Try to deal it out of pocket, otherwise insurance rates will go up much more. You can check how quotes will change here - autoinsurance.maclenet.com

Gabriel Said:

does my auto insurance cover rental cars?

We Answered:

Unfortunately not, your insurance only covers you to drive the vehicle that you are insure on (unless you have a professional insurance, such as a driving instructor or mechanic. When you hire a rental you will be insured through them - this is where the fees they charge you come in - whether they call it a deposit or insurance costs or both, you will be covered by their insurance and do not need to find the cover yourself!