Car Hire Insurance – Collision Damage Waivers
There are many important factors when it comes to choosing the right car hire insurance, including collision damage waivers. When you rent a vehicle, a collision damage waiver is an option that allows you to cover the rental vehicle in case of damage. The cost of the collision damage waiver may vary greatly from car hire company to car hire company.
The risks addressed by the collision damage waiver may also vary greatly from company to company. For this reason, it is important to discuss the matter with your car hire company at the outset of the car rental. You do not want to assume that something is covered by the collision damage waiver and then find out to the contrary when it is too late.
The collision damage waiver covers many aspects of the car rental. One eventuality often addressed by collision damage waiver is the risk of property damage, or injury. If you hurt someone or cause damage while you drive a rental car and it is found to be your fault, you are the one who has to pay the other party. The collision damage waiver may, however, lighten the financial burden of such a situation. The degree to which your collision damage waiver covers damage and personal injury is a key consideration of care hire insurance.
As the very name of the document implies, another eventuality often addressed by the collision damage waiver is accidents. If you are in a collision, the collision damage waiver often covers the damage incurred. This is assuming, of course, that you have complied with the contract offered by the car hire company. In other words, the collision has to have happened while an authorised driver is behind the wheel. If the collision took place in an area unauthorised for driving, or during an illegal race, you may not be able to get the car hire company to pay for the damage. In some cases, the car hire company will also pay for any administrative charges that are part of the accident. Many collision damage waivers even cover the charges for hiring a tow truck.
Theft is another contingency covered by the collision damage waiver. If your rental car is stolen, a collision damage waiver helps to ensure that you will not be held personally accountable. Since the charges involved in car theft may be substantial, this can be a valuable aspect of the collision damage waiver.
Collision damage waivers are a crucial aspect of car hire insurance. Even if you have supreme confidence in your driving abilities, a collision damage waiver is a good idea. You never know what might happen to you when you are out on the road. Your best bet is to familiarise yourself with your car hire company’s collision damage waiver in detail, and to ask questions when the wording of the car hire insurance is not clear. Knowing the guidelines of your collision damage waiver allows you to speak confidently about it if and when the time comes.