rental vehicle auto insurance brookhaven new york ny

by carinsurance

Reader’s Question:

I’m told I still need to purchase a “Collision damage Waiver” since I will be renting a car here in Brookhaven, New York, for about a month or so. What if I already have car Insurance?

Dennis

Brookhaven, NY

Collision Damage Waiver (Also known as Optional Vehicle Protection) is a policy that is sold by a car rental company to their customers who do not have personal auto insurance coverage. Although the agreements you get from each car company may be different, they are required by the state of New York, under its Financial Responsibility laws, to provide sufficient auto insurance coverage towards their vehicles whenever it is rented.

Since you will be renting a car there in Brookhaven for about a month and you already have a personal car insurance policy under your name then you are no longer required to purchase this policy in order to rent a car. You do want to make sure though that your auto insurance policy does have enough comprehensive and collision coverage to pay for any loss or damages to the rented vehicle in case of an accident, which can otherwise be charged to you directly by the car rental service. The price of a Collision Damage Waiver policy usually falls around $12 a day but still depends on the actual cash value of the vehicle being rented.

You may also be interested to know that a lot of credit card companies already provide cardholders with some level of auto coverage if they use the credit card to rent vehicles. This means that you may get additional protection towards your rented vehicle aside from your current car insurance policy.

Tags: auto insurance , auto insurance policy , auto insurance quotes

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