Added: 12/29/2005 |
Information about the premium car insurance ? it is importantAll rent companies run risks. They cannot know exactly who you are, and this is the reason for your compulsory premium car insurance when you rent any car. To be short, the premium insurance is the sum of money that you pay to an insurance company for the company's obligation to compensate you car damage in the limits of stipulated sum.
Besides the insurance premium, rent companies can take some money deposit. Usually it is 300-500$ for economical class, 500-800$ for business class and company can demand about 1000$ for limousine, for example. Without any doubts, if the insurance case happens through no fault of yours, money come back to you. The next method (it is rarely used) is the limit of run, often you are able to drive only 150-200km per day. Of course, each company has its own rules of payment of car premiums. They are various, to give an example, there is the insurance in case of vandalism.
Frequently you need to leave a deposit (about 80-90EURO) when getting a car. It is taken from your credit card as a rule, but there are different conditions in different countries. There is also such thing as franchise. Its presence gives you the opportunity to low the insurance premium and the car rental, as the consequence, but you will compensate the damage by yourself within the limits of franchise in this case. A franchise is your part in the car insurance. If there is no franchise, you pay higher car rental, but the insurance company compensates any damage and you pay nothing. A franchise depends on the brand; it can be 100-350EURO. There is no necessity to pay a franchise, if you agree for an additional super insurance - about 8EUROS per day. Additional insurance is from 6EUROS per day; its destiny is to compensate an accident with you and a theft of your private property.
This illustrates two main types of insurance: Collision Damage Waiver (CDW) and Personal Accident Insurance (PAI). Large companies will never give you a car without the full insurance.
Car insurance, at least the Collision Damage Waiver, is included in the car rental in the most of cases, as well as local taxes and airport duties. However, some additional premium car insurances exist. Owners of golden credit cars may not worry; usually they do not pay anything, as their car insurance premium is automatic.
Here are just some examples.Sometimes the insurance is not needed at all, for example, when renting a motorbike in Thailand. Nevertheless, 1000-2000bats you pay as the premium car insurance, if you rent a usual car there.
France. You can come across the situation when your deposit is open only 16 days after. It means that: if you rent a car for a day for traffic 80$, the deposit of 80$ is taken from your credit card, because you will pay after giving car back. The next day you will pay 80$, but the 80$ of deposit will be open only 16 days after. Without any doubts, the premium car insurance depends on brand. TPC (insurance in case of a hi-jacking) and CDW are included. The insurance from accidents is not compulsory, as well as the one in case of a theft.
Belgium. Usually the premium car insurance for breakage and hi-jacking is included in the car rental. Nevertheless, in spite of the insurance, if you become the victim of highjacking you will partly compensate the cost of the car. For example, you will pay about 400$ for "Opel Astra".
The United Arabian Emirates. Though the prices for CDW ($6-$40 per day) and PAI ($3-$5) are in different columns (with a marketing view), they will be always added to the car rental. Thus, in your car rental 8-45$ is the car premium. Moreover, it is compulsory at international giants of car rent industry. Small companies have softer conditions and offer cars without the full insurance.
The situation with the car insurance in the United States of America is clear - it is compulsory. By the way, you can get not only at the rent company's office. Of course, each state has its own law that determines compulsory insurances. In addition, you can see here such thing as deductible. In a few words, it is the lowest limit, from which the insurance company starts to pay. You can make it 100$ or 2000$. In first case, the insurance company will pay even for a scratch, in the second - only for a serious damage. The lower deductible you determine, the higher is your premium car insurance.
Never be lazy, always ask about the types of insurance. Ask about the case when you damage another car. Your rent company must answer to all of your questions, explain everything and tell what service is accessible for the main payment, what is for the additional one. Some extra questions are better than one unexpected trouble.
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