The Most Elementary Rental Car Insurance Tips You Cannot Miss

Upon stepping up to the counter of a car rental agency when renting a car, you will always be asked if you want to purchase insurance for the vehicle you will be renting. Do you really have to do purchase this? Because if you do, it will be like paying double auto insurance; one for the vehicle you own and one for the vehicle you are about to rent. So what do you really need to know about car rental insurance?
Simply put, rental car insurance is an optional coverage that you may avail whenever you rent a car from any car rental agency. This is normally included as an option in most auto insurance policies and usually comes in when you are forced to rent a car while your own car is being serviced or repaired. This generally pays you a small sum every day until your own car is ready. One of its advantages is that it can remunerate you a bit for your rental expenses as well as repair expenses. Also, it could help you a lot when you meet an accident while driving the rental car.
However, taking this optional cover may affect your present auto insurance policy. Looking into majority of auto insurance quotes, most of them will not include rental car insurance as an added coverage. Meaning, these policies will not include essential insurance coverage on rental cars such as damage or theft. However, as previously mentioned, it can include a certain amount for renting a car when your own car is being repaired.
When deciding on this option, before you include it in your own auto insurance coverage, take note of this. If you include it in your car insurance coverage and you happen to rent a car because of repairs to own car and you manage to figure in a car accident using the rental car, you will end up depleting the advantages of the insurance on your own car. And if you plan to restructure the policy, you will end up paying more.
If your car's insurance policy does not include rental car insurance and you want to be on the safe side when renting a car, bring your car insurance ID with you to the rental agency and have your own car's coverage transfer to the rental car. The agency will process this for you and you need not purchase insurance for the vehicle at the counter.
Knowing what you can do before you walk up to that rental car insurance agency counter can save you money yet at the same time, be assured of being insured. Remember, you need not shell out your cash for something which you already have. Read and understand the terms and coverage of your own auto insurance policy and prepare for days when you have to rent a car.

Be wise and learn about the policies of rental car insurance beforehand so you save yourself from a series of troubles.

Article Source: http://EzineArticles.com/?expert=Ramanathan_Gangadharan

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Two Tips On Boat Insurance Rates

Repairs to any kind of boat can prove very expensive and that is why getting the right kind of insurance to cover such is important. However as you will soon discover when you carry out a search for the best possible boat insurance rates that they vary widely. So you need to spend time on looking at what is available and comparing the rates charged.
Of course there are other things that you can do which can further help to get you the best possible deals when it comes to renewing the insurance policy on your boat. Below we take a look at just some of the things that you could do that in the future could help to ensure that the boat insurance rates you are charged aren't as high.
1. The first thing you do when it comes to renewing the insurance for your boat is to check the limit on the policy you have currently. Is it actually reflecting the value of the boat as it is currently or has it remained that same as that which you paid for the boat originally. You may be surprised to discover that your boat is valued about what it is currently worth and of course this means that you pay much higher premiums.
2. The next thing to be looking at to help bring down the insurance rates for your boat is how much you are being asked to pay in deductibles. If you can afford to increase the amount you are willing to pay in deductibles (excess) if you should need to make a claim against the policy. Most boat owners tend not to make claims for smaller repairs to their boats, but rather will make claims for much larger ones such as damage because of the weather or the boat has been stolen.
Just increasing your deductibles from say $200 to $500 could actually save you quite a bit of money each year when it comes to boat insurance rates. But you must make sure that you can afford to cover these costs should you at some stage need to make a claim against your policy.

You can read more about boat insurance rates at E-Insurance and learn more about how to insure your boat in the best manner.

Article Source: http://EzineArticles.com/?expert=Mark_McElhinney

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