Renting a car is, without a doubt, overwhelming and daunting. This is especially true when it comes to all the elements concerning insurance. The last thing you want is to pay more than what is necessary. However, you may have trouble understanding the terms that the insurers have offered. You need look no further, in this Triprent’s guide we seek to explain in the simplest manner possible, everything regarding car rental insurance. 

What is Full Insurance for a Rental Car? 

In a nutshell, full insurance implies that you will be taken care of for most risks that would otherwise put you at a disadvantage. These include: accidents, theft, car and other asset damage among others. But you also need to note that different companies will define full service insurance in different ways. Thus further confirming the phrase “the devil is in the details.” Therefore, confirm with your company regarding additional expenses that vary from person to person. 

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Types of Rental Car Insurance 

Following are the most universally accepted types of rental car insurances: 

1. Collision Damage Waiver (CDW), Loss Damage Waiver (LDW) – This modality covers the costs affiliated with repairing a rented vehicle or replacing it entirely. This is only if it is of course damaged or stolen. But other companies offer it with a catch, which is a deductible. This means that you, the consumer, may have to pay part of the cost the business incurred. 

2. Liabilities insurance – This Allows for damages to the person who rented out the assets. It allows for medical bills to be paid off on establishing an accident by the insured. Hence while in a few countries this is already included in the base rental price, in other countries people have to purchase it.

3. Personal Accident Insurance (PAI)

This pays for your and your passenger’s medical fees in the occasion of an accident. If you already have some form of health or travel insurance, this may not apply to you.

4. Personal Effects Coverage (PEC)

This part of the insurance will cover your personal effects that may be stolen from the rental car. Bear in mind, there may be a limit on the amount that is covered.

*Triprents also offers you a car hiring service in Kutaisi Airport.

Is Full Rental Car Insurance Necessary?

Not everyone needs full insurance. Here are some situations where it might be necessary:  

  • You do not have personal car insurance. If you do not own a car, you may not have protection for a rental car.
  • Your credit card does not come with rental coverage. Certain credit cards provide coverage for rentals with some, but there are always exceptions. 
  • Traveling to a country with a high tendency for accidents or theft. In some cases, full coverage may be warranted.
  • Out-of-pocket expenses can be high for certain repairs which are not worth the risk. Even minor scratches can be costly to fix. 

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Full coverage insurance on your rental car can definitely bring you peace of mind, but be careful in knowing what you are actually paying for. Shop around to find the most affordable price for the coverage you want. This enables you to relish your vacation without stressing about surprise expenses!