Q: I am planning to rent a car during my next vacation. Do I need to get collision damage coverage insurance? MsFF:
Although you do not own the car, you are 100% responsible for any damage to the car or any liability resulting from the use of the car. For an additional fee, many rental companies will offer you collision damage and theft coverage insurance. Most people do not need collision damage and theft coverage insurance because they are covered through their credit card and/or personal car insurance. However, do not assume you are covered! Before your trip, carefully review your credit card and car insurance policy. I also recommend you call the credit card and insurance company to verify the coverage and find out the procedure for filing a claim. Make sure you bring the appropriate policy numbers, phone numbers and contact people along with you on the trip. Additionally, find out how the rental company will handle any damages. Will you have to pay all the money on the spot and get reimbursed by your insurance or credit card company later? The key is careful research BEFORE the trip can save you money so you will have more funds to spend on your vacation
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