Rental Car Insurance Advice For Michigan Drivers
Most drivers have no idea if they should purchase the additional insurance offered by rental car companies. When it comes to renting a car, especially out-of-state, Michigan No Fault insurance attorneys will almost always recommend purchasing additional rental car coverage.
Why purchase rental car insurance coverage if I have No-Fault insurance in Michigan?
The big reason is car damage. With most No-Fault policies today, there is an open question on whether the car damage to a rental car will be covered by your own auto No-Fault policy, even if you have purchased collision coverage for your own vehicle. Ask your insurance agent about car damage and whether the coverage on your personal vehicle extends to a rental car. In many cases, renters are not appropriately covered and should purchase the additional insurance to minimize the risk. Even if a car accident is not your fault, you dont want to get stuck with a ,000 bill for vehicle repairs.
Most rental car companies offer customers the option to purchase additional coverage such as:
Collision damage coverage
Personal accident insurance
Supplemental liability protection
The risk of relying on your Michigan No-Fault insurance policy when renting cars out of state
The good news is if you have No-Fault in Michigan and you are injured in a car accident in another state, you will still be able to collect No-Fault benefits for medical bills, wage loss, replacement services, mileage, and attendant care. But for out-of-state rental use, the main risks of only relying on your own Michigan No-Fault insurance policy and not purchasing the additional rental coverage include uninsured and underinsured coverage, the possibility of a reduced bodily injury coverage that can leave you personally exposed, and as said above, car accident collision damage to the vehicle.
Also, very important insurance options such as uninsured and underinsured motorist coverage may not transfer over to the rental car you are driving if you become seriously injured in a car accident. Again, check and find out before you leave with your agent.
As a final note, check your credit card. Some credit card companies will pay for vehicle damage if the rental car is purchased on their card.
In general, as with most insurance contracts, rental car insurance policies are deliberately written to be confusing. They also include a lot of exceptions and exclusions that, combined with the exceptions and exclusions of your own auto No-Fault policy, have been the subject of many seminars for lawyers and insurance adjusters on what is and isnt covered.
Insurance policies and contracts for rental cars change often. Its safest to assume with rental cars that your own Michigan No-Fault policy will likely be deficient and will not protect you fully if youre involved in a car accident in a rental car out of state.
For additional car accident resources including checklists, visit the Car Accident Resource Center. Steven M. Gursten is recognized as one of the nations top experts in serious car and truck accident injury cases and automobile insurance no-fault litigation. The accident injury attorneys of Michigan Auto Law exclusively handle car and truck accident cases
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Rental car insurance
Question by arkemp7: How does rental car insurance work?
I got into an accident with someone who was driving a rental car. He is also from out of town. The accident is my fault but I want to avoid going through my insurance to pay for the damage. I heard that since rental car companies have their own insurance, if you hit one of their cars, you dont have to worry about fixing it. Is this true, or will the rental company contact my insurance? How does it work?
Best answer:
Answer by oklatom
If you had an at fault accident, you can expect that the owner of the vehicle, the rental company, will be contacting you with the costs of repairing the vehicle and perhaps a bit more to the loss of income while the vehicle was being repaired.
Once you get that, you can pay out of pocket leaving the insurance out of it, or notify your insurance and they will pay.
Yes, rental companies have their own insurance, which would cover your damage if one of their cars hit you and it was their fault, but that won’t cover things you do to them that are your fault.
Know better? Leave your own answer in the comments!
Advice, Drivers, Insurance, Michigan, Rental
rental cars will cover your liability but you’ll have to cover damage to rental car. You will be able to use your insurance if you listed the rental car on your current insurance pol. if not then you’d have to pay out of own cash. but you’ll still need to tell your insurer you’ve had a bump either way. hope this helps.
Oh, you’re mistaken. If you damage a rental car, their insurance may pay to fix it, but the insurance company is going to come after you. Not only for damages, but loss of revenue and any other charges they can legally add.
First, it sounds like you did not purchase the Rental Companies insurance plan when you rented their vehicle. If so, might be able to do this out of pocket but several things are out of your control.
Let’s take the car you hit first. That driver’s vehicle you are responsible to repair. And that driver is entitled to have a rental vehicle while their car is being repaired. You are responsible for that. Estimating the time required for a repair shop to fix a vehicle can be ify. If you get an estimate of 4 day and it takes a week you still are responsible to that driver.
The rental car company does have insurance on their cars, but in the rental contract you signed it states you are responsible for physical damage to their car and for the loss of use of that vehicle. The rental car company can give a estimate of time to repair the car but it’s not absolute also. So they get to charge you for all the time their car is down. In most cases the rental car company will not be in a great hurry to repair the car.
Both of these items can get expensive because there are items which you can not control but would be responsible for.
You might want to re-think whether you want to report this to your insurance company. It will be a chargeable accident on your policy. But if you get working with the rental company and the other person on the charges, then realize you are over your head in expenses. Then reporting it to your insurance company, your insurance company can say it was late reporting of a claim.
So i’d be real careful here.