There are four types of coverage you need in Canada. The most important is the collision damage exemption, which protects the renter from paying for damage or. Rental vehicles automatically come with basic protection, however, the basic quantity is minimal. Any damage that exceeds these limits means you'll have to pay out of pocket.
Both the renter and the new driver must be present at the rental location with their valid driver's license and credit card. Yes, send me free quotes before my next renewal. If you rent a car, you need coverage to protect the vehicle and to protect yourself. Without it, you'd have to pay for any damage out of your pocket on top of basic protection.
If you don't have a vehicle, you can get it from the rental company or your credit card company. Rental cars automatically come with basic protection. However, the basic quantity is minimal. Any damage that exceeds these limits must be paid out of pocket.
You can still take out a collision damage exemption (CDW) policy for your rental, with no restrictions on where to pick up. To be covered by liability and personal accident insurance, your Ontario auto insurance policy needs the OPCF 27 (liability for cars you don't own) endorsement in order to be transferred to a rental car. Most car rental companies include some type of basic insurance as part of the collision damage exemption (CDW) or the loss damage exemption (LDW). If you're already paying a lot for car insurance due to accidents and fines, it's probably not worth filing another claim with your insurer.
The first step in finding out if you have coverage for a rental car is to check with your insurer, who can tell you what part of the rental vehicle will be covered, if any. Before you decline the car company's offer, be sure to include the protection in your car insurance quotes. You can also purchase an endorsement for your personal auto insurance policy to cover any damage to vehicles that you don't own, such as rental cars. For example, many credit cards insure the rental car for CDW and LDW, but read the small print on the card.
In short, rental car insurance coverage is available to protect passengers, the vehicle, your personal belongings, and you. If you file a car insurance claim and need to rent it, your insurance company will normally notify you of the limits. To be covered by liability and personal accident insurance, your Ontario auto insurance policy needs the OPCF27 (liability for cars you don't own) endorsement in order to be transferred to a rental car. Liability insurance covers damage and injuries you may cause to other people and their property while driving a rental car.
If you have a personal auto insurance policy with collision, comprehensive insurance and OPCF27 (liability for cars you don't own), a credit card with rewards, or even home insurance, you might want to avoid buying the coverage you already have.