Visa Car rental insurance

[dealman5]

Is putting your rental car on your visa gold enough coverage? Or should I buy extra?

[rems]

Is putting your rental car on your visa gold enough coverage? Or should I buy extra?

what "extra" would you buy?
If your visa has LDW on it, then you dont need to purchase any other coverage

[golfer29]

Most gold Visas cover CDW. You can add a cheap option to your auto insurance policy to over liability. This way, you don't need to purchase any coverage at the car rental company

[Gundam]

depends where you are renting your car. if you picking up the rental car in canada and driving it in canada. your visa coverage should be fine since it only cover 3rd party liability and rental company have coverage on their vehicle. if you rent a rental car in US, some state don't required rental company to have coverage on their vehicle and $1 million liability is not enough.

[JWL]

what "extra" would you buy?
If your visa has LDW on it, then you dont need to purchase any other coverage

Unless you are worried about Liability coverage.

Most gold Visas cover CDW. You can add a cheap option to your auto insurance policy to over liability. This way, you don't need to purchase any coverage at the car rental company

Or it may even be included already! Just check with your current auto insurer.

[rems]

rental companies have third party coverage on their vehicles...thats why they only try to sell you coverage for damage to the vehicle.

[golfer29]

rental companies have third party coverage on their vehicles...thats why they only try to sell you coverage for damage to the vehicle.

But the 3rd party liability only covers $50K - not nearly enough if you get sued, especially if you're renting in California. A personal policy is very cheap and much worthwhile

Here is Alamo's policy in the US

https://www.alamo.ca/toolsRentalOptions.do

Liability Protection - Protection for claims made against you.

* Provides you and authorized drivers with PRIMARY liability protection for claims made against you by others for bodily injury or death and/or property damage from the use or operation of the rental car.
* It is "primary" because the coverage takes effect before other sources of liability coverage that might be available (such as your own personal policy).
* Without EP, Alamo may only provide up to the minimum liability limits required in the state of rental. In most states, the minimum liability limits are relatively low, usually less than $50,000 per accident. Also, the minimum liability coverage Alamo provides in many states is secondary to your personal coverage.
* EP provides a substantially higher level than the state minimum limits, up to $1,000,000, of primary liability benefits. Now that's security with peace of mind!

[tkyoshi]

But the 3rd party liability only covers $50K - not nearly enough if you get sued, especially if you're renting in California. A personal policy is very cheap and much worthwhile



Yup pretty much minimum levels. Some states can be even as low as $15K!

[george_91]

Is putting your rental car on your visa gold enough coverage? Or should I buy extra?

Many of us already have rental car coverage with our automobile insurance coverage. They usually only cover rentals in North America, but check out your auto policy details, as you may already be paying for rental car coverage.

[Chrispy]

Many of us already have rental car coverage with our automobile insurance coverage. They usually only cover rentals in North America, but check out your auto policy details, as you may already be paying for rental car coverage.

This is true, however one point to mention (and the reason I usually purchase or use Credit Card coverage) is that if you utilize your existing home auto coverage, if you have an accident it affects your premiums.

Insurance purchased through the Car Rental agency or through a Travel Insurance Broker (Some offer car insurance) will be 'walk away' insurance and if you have an issue, it won't affect your home insurance.

Just depends on certain variables and to what you would consider to be better to put at risk.

[mrfascination]

Careful Visa Gold can be real jerks... Depending on who is handling your claim.. See if they find out you have the coverage on your own car policy - They will make you use your car policy cover first...

Liability coverage in some states is a real problem.. If you own your own car - in Ontario you should have the 3rd party liability cvg you need.

Funny how America "THE BEST COUNTRY IN THE WORLD" will allow you to have little or no 3rd party liability on your car, yet let 3rd parties claim HUGE muliti-million dollar suites again someone.. Stupid.