Updated on December 27, 2018 by Michael
Car Rental Insurance
Before you walk up to the rental car counter, it's very important to know whether you need to buy rental car insurance. The rental car company will try to sell you supplemental coverage, including collision insurance that protects the rental car itself and liability insurance in the event you cause damage to another person's property or injury to another person.
Neither of those policies will cover your own personal property that might get stolen or damaged. For example, if your coat or laptop gets stolen from the back seat of the car, the theft will not be included in CDW/LDW or liability coverage.
To fill this gap, rental car companies sell high-cost coverage with limited benefits through an insurance product called Personal Effects Coverage. But do you need it?