Are You Insured When You Rent a Car in Lubbock?
Are you insured when you rent a car in Lubbock? If so, what are your rights? The answer to this question will determine how much you pay for insurance when you rent a car in Lubbock.
If you are not covered by the standard liability policy you have on your own vehicle, then you must find out whether or not your rental car company will provide you with vehicle insurance coverage. Unless you are legally required to carry liability insurance on your rented vehicle, then you will want to be sure you have the right kind of coverage on your rented vehicle.
Rental companies that do not offer you liability insurance might give you a good deal, but they could be leaving you financially vulnerable. Liability insurance covers you and your passengers for damage to other people's property or injuries sustained during an accident. Unfortunately, it is not the same as bodily injury coverage.
Bodily injury coverage covers medical expenses and partial or total replacement of personal property. These types of policies will typically cost more than liability insurance, but they are typically better than nothing. They may also cover damage to other people's property during an accident.
These policies should be purchased when you rent a car in Lubbock. You can get a comprehensive policy from most insurance companies that will protect you and your passengers against bodily injury, property damage, and other damages that might occur while you are using your rented vehicle.
Before you leave for your trip, be sure to call your credit card company to make sure that the coverage you are purchasing is transferable between credit cards. This is especially important if you are renting a vehicle that is similar toan SUV.
The other aspect of insurance coverage that you need to consider is the type of deductible you are willing to pay. A higher deductible will mean that you will be responsible for paying your own medical bills first before the insurance company pays. In the event of an accident, you would not have to pay the deductible.
If you are not comfortable with having a deductible or if you think it will be too expensive for you, consider purchasing an additional type of insurance policy called comprehensive insurance. If you only need to cover you and your passengers in the event of an accident, then a regular insurance policy would be sufficient.
Some rental companies also offer driver's auto insurance, which is included in your insurance coverage when you rent a car in Lubbock. This policy will cover the costs of damage caused to your rented vehicle by a negligent driver.
Be sure to know how your insurance is classified before purchasing vehicle liability and bodily injury coverage. If you have a full or collision policy, the limits and deductibles will be different.
Be sure to check your insurance policy before you leave for your trip, and ask about coverage and deductibles for comprehensive insurance. If you have an extended or tri-party policy, you will need to contact your insurance agent to get the proper deductibles for your insurance coverage.
If you are renting a vehicle, it is always a good idea to get some additional coverage. It is never a good idea to be without coverage for a financial precaution.