Car Rental New York Insurance: Should You Purchase Additional Coverage?

When you’re renting a car from a New York rental company, you have an option to purchase additional car rental insurance? Should you do this? That depends actually! The United States requires that rental vehicle companies carry minimum liability coverage on their vehicles. Minimum liability coverage is actually third-party coverage should the vehicle be involved in an accident.

When a car rental company can sell you on the idea of the additional car rental insurance, it’s a way to boost their bottom line. Of course, you need to be mindful about the additional insurance, as it could be a duplicate of the coverage that’s already attached to the vehicle you a renting.  When looking at car rental companies, you need to consider several things:

• The amount of coverage you really need
  
• What the cost will be
  
• Where you can get the additional car rental New York insurance

Why Should You Purchase Additional Car Rental New York Insurance

If you go with the liability insurance the car rental company provides, you should understand that the coverage is very basic. This coverage will only pay for the damage that was caused to the rental car and loss of use. It will not cover any of the medical expenses of the persons involved in the accident. The coverage also does not provide coverage for personal effects should your rental car be stolen. And, if your vehicle has a laptop or iPad, replacing these items can get expensive. Basically, minimum liability insurance will not be enough coverage for the majority of the situations you are going to be in. And, getting the additional car rental insurance coverage will keep you from having to pay thousands of dollars later on, should you be in an accident. 

Should You Purchase Additional Car Rental Insurance From A Third-Party Company

Getting a third-party insurance may be good for some situations; but, it all depends on the circumstance.

1. Your Auto Insurance Policy. The best thing you can do is look at your own vehicle insurance company. In your coverage, you may already have the option for rental coverage. Make sure to speak with your insurance agent to learn more.
2. Your Credit Card Company. Believe it or not, many credit card companies offer additional car rental insurance as part of the agreement. All you need to do is ask your credit card company to see if they offer this kind of service.
3. Non-Owners Policy. Should you not have an insurance policy, you have the option for a non-owners policy, as they have additional rental car coverage. What you’ll need to do is talk with your agent.
4. Rental Agency Insurance. There are instances where it’s better to have coverage from a third-party company through the rental car company.

The best thing you can do for yourself (and your wallet) is to look at all the costs, compare the benefits they have and pick the one that’s suitable for your situation.

A Look At The Different Kinds Of Coverages and Insurance in New York

There are three kinds of additional coverages that have additional costs. These are:

• Loss damage waiver
  
• Collision damage waiver
  
• Personal accident insurance

Both the loss damage and collision damage waiver will be offered by the car rental company. However, these waivers are not insurance. If you buy these additional coverages, the rental company cannot hold you legally liable should something happen to the vehicle. Now, the collision damage waiver will not cover vehicle theft. However, loss damage waiver does cover theft, vandalism and accidents. Personal accident insurance does cover accidental death and medical costs.

Common Insurance Policies European and American Car Rental Companies Offer

European car rental companies offer the following insurance policies:

• Collision insurance or collision damage waiver
  
• Liability insurance
  
• Personal accident insurance
  
• Personal effects coverage
  
• Theft coverage

American car rental companies offer the following insurance policies:

• Supplemental liability insurance
• Emergency sickness plan
• Personal accident and effects insurance

Car rentals near Carnegie Hall

For some people, watching live performances of their favorite plays and musicals is an exciting adventure. It’s not enough that you watch it on DVD or hear about the raves from critics, they really need to visit the best Carnegie Hall and watch it live for themselves. That is why car rentals near Carnegie Hall can come in handy for people who really are passionate about the arts.

Most of the time, when people visit another New York to watch live performance in renowned theaters, they also mix the trip with other activities because for some, this is the only chance for a little sightseeing as well. Having car rentals near Carnegie Hall gives people the opportunity to get a car, whether it’s a small car if they’re traveling solo or a bigger car if they’re traveling with other family members or friends, and drive straight to the theater if that’s the schedule they’re pursuing. If not, if the schedule is on their way back home, the car rentals near Carnegie Hall can also be your last destination for getting a car to get back to where you came from.

It’s nice to know that there are car rentals near Carnegie Hall because it means that you’re not limited to finding cars at the airport or in other destinations. With one so near to your main destination for your trip, it certainly saves time gives you the convenience without adding a lot of stress to your trip.