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Auto insurance coverage often extends to rental vehicles, protecting drivers when renting cars for personal or business use in Oklahoma City, OK. Understanding the written policy is crucial for individuals considering renting a car and relying on their existing auto insurance policy.
Coverage Extension
Many auto insurance policies automatically extend coverage to rental vehicles, offering similar protection to what drivers have for their cars. This includes liability coverage for bodily harm and others’ vehicles or property, as well as damage to the rental vehicle in the event of an accident.
Comprehensive and Collision Coverage
In addition to liability coverage, drivers may have comprehensive and collision coverage extended to rental vehicles. This provides financial protection for damage to the rental car resulting from accidents, theft, vandalism, or other covered perils similar to their vehicle coverage.
Rental Car Insurance Options
While existing auto insurance policies may provide coverage for rental vehicles, rental car companies often offer additional options. These options include collision damage waivers (CDW), loss damage waivers (LDW), and supplemental liability insurance (SLI), which can provide additional coverage and peace of mind for renters.
Policy Limitations
Coverage may vary depending on the rental car’s type, location, and intended use, so you should contact the provider to explain the coverage details before renting a vehicle.
Credit Card Coverage
Credit card companies may have the option of providing rental car insurance coverage as an incentive or benefit to cardholders who use the card to pay for the rental. Depending on the terms and conditions, this coverage may supplement existing auto insurance coverage or provide primary coverage for rental vehicles.
Let Freeland Insurance Give You the Information
Freeland Insurance answers your auto insurance questions and serves the Oklahoma City, OK, region. Call us today for updated information.