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Forbes, Jan 22 2020 – Do I Need Insurance For My Rental Car? Here’s The Surprising Answer

Forbes, Jan 22 2020 – Do I Need Insurance For My Rental Car? Here’s The Surprising Answer

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The case for travel insurance. When you buy a policy directly through a company like AIG Travel, Allianz Travel Insurance, Arch RoamRight, Generali Global Assistance, or through a travel insurance site like Seven Corners or Squaremouth, you’re also getting the convenience of easy coverage with some other benefits, such as medical evacuation and trip interruption coverage. Pro tip: Buying the car rental company’s optional insurance might be overkill, since your travel insurance can offer comprehensive coverage. “Check your travel insurance to see if you’re already covered,” advises frequent traveler Nick Brennan, who runs a UK-based cell phone accessories site.

Which option is right for you? It depends on your level of insurance, your risk tolerance and your circumstances. Buying insurance when you’re already covered may be too much — but then again, not buying enough coverage could decimate your personal finances.

Something to think about before you rent your next car.

Read the full Forbes article online here: https://www.forbes.com/sites/christopherelliott/2020/01/23/insurance-for-my-rental-car/#71bdfd1f14e5