car rental o hare airport

two types of rental car insurance are very common:

Firstly, if you rent a car, the rental agent will ask you whether you want to purchase Collision Damage Waiver, or CDW. This coverage reimburse the landlord for damage to her car, if you have an accident. If you choose, there will be more dollars in your daily rent. This could be up to $ 50-70 or during the course of a week to rent.

If you have your own car insurance and your policy Collision coverage, then ask your broker if he is in a car. Many measures are cost of the damage to the car. However, there are two things that your own policy still does not cover:

* Most individual policies do not pay "" loss of use "" for the car rental companies. This refers to the money, the car could have the rental car, if it is not in the business because of the accident. If they have earned $ 400 to rent the car during the two weeks that they are in the shop, they can charge you for the $ 400. If you are concerned about this possibility, it is safer, the cost of the CDW.
* Most personal policies will pay if you drive a car, but not if you let a friend drive. This is called a "permissive use. "Most personal policies will pay for damage to your car if you are a friend permission to drive, but it is not for damage to a car that you do not belong, if you have a friend leave, he (the friend of the Insurance could pay). If you are someone else to the car, and that the person does not have insurance, you can use to pay for the CDW.
* Some personal actions are not responsible for damage to a car when it for business purposes. In this case your insurance company should cover the losses. If this is not the case, or if you are not sure you can to pay for the CDW.

Secondly, you probably have the option to purchase Rental Reimbursement coverage on your personal auto policy. This reporting is for all or a portion of the cost of renting a replacement car for you if your car is in the business, because in an accident. It usually costs several dollars per month, per car. If you have three cars, for example, it could cost $ 200 per year or more.

Ask yourself if you have an accident and your car is in the shop, you need a car to replace it? If you and your spouse both work in different places, and you have your own car, you can buy rental reimbursement coverage.

But what if you have three cars, including a sports car that you only on weekends? Or a pickup that you are responsible for various errands? If a car in the shop, would be that additional truck to work? Or what if you and your wife work similar hours and could carpool? If yes, then you may not need rental reimbursement coverage.

At the end there are two cardinal rules for the good insurance decisions:

1. Never pay for reporting that you do not need, and
2. Never save coverage that you need.

In this sense, ask whether you want to buy CDW from the landlord, or if you have Rental Reimbursement coverage on your auto policy. If you need to buy them. If you do not need them, then save your money.

For more ideas, please visit our website at http://www.community-ins.com

Article Source: http://EzineArticles.com/?expert=Christy_Perry

Christy Perry - EzineArticles Expert Author