Auto Insurance Term » Renting A Car

Short Term Car Insurance Policy

admin — Fri, 25 Dec 2009 13:07:14 +0000

If you are interested in a short term car insurance policy or cover you are either going to be renting a car or borrowing one from someone. I explain the different scenarios and why you may not need car insurance for each one…

Renting a car: You are likely to be offered liability coverage, a loss damage waiver, personal effects coverage, and/or personal accident insurance. If you have already have car and health insurance you probably don’t need any of the rental car company’s insurance policies. Furthermore, if you use a credit card to pay for the rental car, the credit card company may pay for the cost to insure the rental car. To be on the safe side it is in your best interest to call your car insurance and/or your credit card company to make sure that you are covered. Because a rental car company’s insurance fees are expensive, it is worth your time making sure that you don’t need any of their inflated coverage.

Borrowing a car: If you own a car and have the respective car insurance you needn’t worry as the coverage on your car transfers over to the owner’s vehicle. If, however, you don’t own a car you’re going to need a nonowners policy to protect yourself against liability claims if you are found guilty an accident. If you damage that person’s car and only have a nonowners policy you better hope that that person has collision and/or comprehensive coverage to help pay for the costs to repair his or her car.

By: Nickolay Lamm

Why You May Need Short Term Car Insurance

admin — Mon, 14 Dec 2009 01:59:53 +0000

Just like its name implies, short term car insurance will insure your car for a short period of time. This option is reasonable if you have recently purchased a car at a private dealership, or are in flux regarding the final details of your long term car insurance. This kind of insurance is also a solid option for those who need to lend out their own car, or borrow someone else’s car.

You also might desire this type of insurance plan if you are renting a car to travel on vacation or a short trip, or even if you have a foreign guest who needs the use of your car. Your regular insurance plan may cover a secondary driver of your vehicle, but an additional short term insurance policy can protect you from damages that fall outside of your normal policy.

You can choose a period form three days up to a few months for your shorter term car insurance policy. Different companies will offer different plans. Any insurance policy that spans a period of time under one year is called ‘temporary insurance’. It’s even possible to obtain an insurance policy that covers a single day, if that’s all you need. This is also very convenient, as you can download any documents you’ll need to fill out, and can obtain this insurance on the spot. All you need to do is print it out and carry it with you when you go driving.

This option is free from hassles and easy on your wallet, as opposed to the complicated process of getting a normal insurance plan. You won’t have to worry about annual premiums at all. Usually, you can extend your short term policy if needed, or you can also augment it into a long term policy with additional money. You can also use your credit card to instantly pay your cover claims online.

Shorter term insurance suits those who do not use their car frequently or on a regular basis. If this is you, your car might not be an asset, but a liability. You can decide to rent a car for a defined period of time in some circumstances, and a short term insurance policy would also work in this situation.

Be aware that all insurance policies will have conditions that you should make yourself familiar with. Consult with a few companies and make comparisons before you settle on one business. Because you can instantly receive short term car insurance, doing some research can be invaluable to you.

By: I T Jenkinson

Short Term Car Insurance

admin — Thu, 26 Nov 2009 00:04:37 +0000

Short term car insurance is very convenient for people who have a short term need and don’t want it to affect a policy that they may have in effect on another vehicle. Short term car insurance is extremely useful if a car is stored in an area where there may be a hurricane or tornado.

Short term car insurance can be acquired for the hurricane season and if a car is damaged or destroyed during the insurance period it will pay the costs of repair or replacement. This is very important in regions of the United States that experience severe hurricanes and tornadoes during the year.

When renting a car, the insurance that is issued on the car’s contract often only covers the person renting the car. When the car is being used by a group of friends for vacation travel, short term car insurance can be acquired to cover all of the individuals who will be driving the car. This is an important benefit if the driving will take place in regions of the country or cities that the drivers may not be familiar with. In some cities there is a very high incident of accidents because traffic is very heavy and the drivers do not obey all of the rules of the road. As a visitor, it is easy to become distracted and get into an accident on a busy city street. By acquiring temporary car insurance any accidents that occur during the vacation are covered and will not be reflected on your established policy. Therefore, insurance rates will not increase for you or your driving partners.

As a visitor to the United States, many people become quite confused by our driving rules and regulations. Many of the rules of the road in other countries directly conflict with the rules of the road in this country. This can create a very distracting driving experience for visitors who may not be familiar with our regional laws. Temporary car insurance will take care of any damage that occurs if a visitor to the United States gets in an accident. They will be able to focus on enjoying their stay in the United States and not worry about what the ramifications of getting into an accident in a foreign country are.

If a person is going to have a vehicle for a very short time or transport it from one location to another, it is important that they acquire temporary car insurance to cover the time they will be driving the car. If an accident occurs the temporary car insurance policy will cover the repair or replacement of the car and the accident will not increase your insurance rates with your established insurance company.

By: Oliver Williamson

Getting Temporary Or Short-Term Car Insurance Coverage

admin — Tue, 10 Nov 2009 13:45:46 +0000

If you are looking for short term car insurance you should know that you may not even need it. If you are thinking about getting car insurance for a short time period you are probably about to rent a car or borrow a vehicle…

Renting a car:

The rental car service will offer you some form of accident protection, liability insurance, loss damage waiver, and/or personal effects coverage. You do not need any of these offered insurances as long as you have your own car insurance because the insurance coverage you have on your car transfers over to the rental vehicle. It, however, does not transfer over if you are using the auto for some sort of business trip (something that is not recreational). In the following list you will find each of the 4 rental auto insurance possibilities and why you should probably skip each one…

Liability Insurance: All car insurance comes with liability coverage, which will transfer over to any car you drive. Keep in mind that liability coverage does not protect you, your passengers or you car, but those around the car (pedestrians, property, and other cars on the road).

Loss Damage Waiver: This protects the rental car from damage or loss. Some LDW’s only cover damage to the car if you are found to be innocent in an accident. Regardless, getting an LDW is pretty pointless if you have collision coverage (which would pay for repairs to the car regardless of who is at fault) and comprehensive coverage (which pays for damage or done to the car from things such as theft and collisions with wild life).

Personal Accident Coverage: It is very likely that you do not need this type of coverage because you either have health insurance, Medical Payments Coverage, or Personal Injury Protection.

Personal Effects Insurance: Your renters or homeowners policy will pay for the loss of items not only in your residence, but outside of it as well. If you want to insure something expensive, however, be sure to fill out a floater for that specific item.

If you are not absolutely sure if you are covered by your own car insurer, read your policy and, if you don’t understand something, give your auto insurer a call. You should also know that if you pay for the rental car using a credit card, the credit card company may provide short term coverage for that automobile.

Borrowing a car:

A lot of folks wonder if they need short term or temporary auto insurance if they borrow someone else’s car. Generally, no you don’t. The borrowed person’s car insurance coverage will transfer over to you as long as he or she gave you consent to use that car, making getting any type of short term car insurance useless. However, there are some things to keep in mind…

The liability insurance of the person from whom you borrow the car may not be enough to pay for liability damage that you cause while driving their car. If you have your own car insurance, this probably isn’t an issue. If, however, you don’t have your own car insurance and are held responsible for property damage of bodily injury liability fees after an accident, the liability insurance that is transferred over to you may not be enough. Say you cause $25,000 in damage and the lender’s liability coverage only goes up to $20,000. You are responsible for the additional $5,000, unless you have liability coverage yourself, which is at least $25,000.

You can easily correct the aforementioned problem by getting a non-owners auto insurance policy.

By: Nickolay Lamm