Rental Vehicle Auto Insurance in Illinois – Do I Need It?

Reader’s Question:

What kind of insurance is available if I decide to rent a vehicle for my vacation here in Illinois?

Patrick

Elgin, IL

There are a few kinds of insurance coverage one can choose from while driving a rental vehicle: Rental Vehicle Insurance Coverage that may be found under an existing car insurance policy, rental auto insurance that is provided by the car rental company separately, and third party insurance coverage such as those offered by Credit Card companies in special instances. It is best that you understand how each is different from the other so that you don’t end up paying for redundant insurance protection while renting a car there in Illinois.

Rental Vehicle Insurance Coverage
Most auto insurance policies come with auto insurance coverage for driers who will be using another vehicle such as commercial rental vehicles. Some policies even extend the same level of insurance coverage to the rented vehicle as they do on your own vehicle. Do find out exactly what type of terms and provisions for rental vehicle insurance that is listed under your policy since some only extend coverage if the rented vehicle is for recreational purposes and not for business use.

Car Rental Insurance
This is good only if you really don’t have any auto insurance on your own. This simplifies facilitating claims for loss or damage on a rented vehicle but may come out expensive since it is charged on a daily rate.

Third Party Auto Insurance
See if your credit card company has any type of accident insurance if they are used to pay for car rental services. This can come in very handy in saving you unnecessary insurance expenses.

Auto Liability Only Insurance in Illinois

Reader’s Question:

I plan to get auto insurance as soon as possible and I am kinda looking around. Is it okay to just get liability coverage for my auto insurance here in Orland Park, Illinois?

Patricia

Orland Park, IL

Auto insurance liability coverage is a kind of insurance which is commonly called the third party insurance. It would be okay to just get the liability coverage for your auto insurance in Orland Park, Illinois. The liability coverage would insure you and your automobile for the minimum cost of coverage that is allowed under the law. This is a basic kind of vehicle insurance that will give coverage for the smallest types of claims. For instance, if you get into an accident and you are at fault, then you would not be paid out for that claim. Only other people involved would be paid by your auto insurance provider.

The exact coverage on your auto insurance would be set out when you sign the insurance policy. These numbers would be the maximum that the auto insurance provider would be ready to pay if you get into an accident. You need to be sure on the exact cost of your insurance coverage. If you think that it is not enough, you need to raise it.