Excess Insurance for Car hire in the holiday season

The holiday season arrives soon and you may need a rental car. If you live in the US you may consider to buy excess insurance for your car hire. You can read hundreds of reviews on many consumer sites which can tell you not to buy this insurance but you may consider it when it comes to car rental.

I assume you have auto insurance with collision and comprehensive coverage then you think that this will cover your rental car too but here are 3 reasons to buy excess insurance for car rental:

1.  If  you want to drive the rental car out of the country you may need excess insurance because your current insurance does not meet the limit. It’s always advisable to check it in advance.
2. There are many states in the US that won’t pay “loss of use” when it comes to the loss of rental fees while the car is in the shop for repairs. You need to be careful with this too.
3. Coverage for personal effects is really important too especially when most of us travel with expensive laptops, iPhones and digital cameras. If you have homeowners or renters insurance  then you don’t have any problem because the form that includes replacement value coverage for personal property, then your current insurance should cover this. But many people have increased their deductibles to $1000 or more to offset rising insurance costs. If you are in that position, you have to pay for losses up to the amount of the deductible. So that would cost a lost when you don’t have excess insurance for car hire.So keep these tips in mind because they can definitely save you some money when something happens. Remember, always expect the unexpected!