Whenever you go on a vacation or business trip, the last thing that you may have in your mind is car insurance. However, if you plan to drive around the country where you are headed, you might want to reconsider having car insurance in your plans.
Renting cars is a walk in the park, but not quite, remember these cars are assets owned by the rental company. So they have systems that help protect them from any untoward incidents. Let’s take a look at the things you should know about car insurance when renting cars abroad.
Your credit card company can provide insurance
Whenever you rent a car abroad using your credit card, your credit card company can add a car rental insurance in effect to cover you while you are driving the rental car overseas. However, in order for you to qualify, you must meet these criteria. First, you must pay for the whole rent fee on your card, second is you have to be the primary driver, and you have to decline the car rental’s damage waiver.
Car rental collision damage waiver
Upon renting your car abroad, the car rental agent will be offering you their collision damage waiver. Basically, any damage to the car or in the event the car is totaled or stolen, the waiver you have signed will cover you for the expenses. You will have to pay an additional fee to get this coverage of course. Being in a foreign country, you could use the best protection you could get from unforeseen events.
So which is better?
If you ask us, we would strongly suggest that you go for the collision damage waiver that the car rental company is offering. First of all, you are abroad. It could be such a hassle to handle paperwork while being in a foreign land. Your credit card company will require you to process paperwork for the claims, wait for their approvals and pay deductibles. It’s too much of a hassle, especially if you have a schedule that you want to keep. Pay the extra amount for the waiver and enjoy your trip.