Quote:
1. Your personal auto insurance policy covers you for liability when renting a car
2. You purchase the SLI option from the rental company for $1M of liability coverage while you are renting the car
3. You get a non-owners policy if you don't own a car and want liability coverage (which typically covers CDW/TPW as well)
4. You go without liability coverage and take your chances
Many U.S. renters don't understand these options. Many just assume that their credit card just covers them, but really that is only half the equation. If you get into an accident that is clearly not your fault, then it usually isn't an issue, but if you get into a major at-fault accident, the damage to the rental car you were driving may be the least of your worries.
Originally Posted by AutoSlash
Actually SLI is NEVER covered by a credit card for U.S. residents. Many credit cards cover CDW/TPW for damage or theft to the rental car, but you are on your own with regard to liability if you injure someone else or do damage to someone else's property. U.S. renters typically have 4 options here (there may be others but these are most common):1. Your personal auto insurance policy covers you for liability when renting a car
2. You purchase the SLI option from the rental company for $1M of liability coverage while you are renting the car
3. You get a non-owners policy if you don't own a car and want liability coverage (which typically covers CDW/TPW as well)
4. You go without liability coverage and take your chances
Many U.S. renters don't understand these options. Many just assume that their credit card just covers them, but really that is only half the equation. If you get into an accident that is clearly not your fault, then it usually isn't an issue, but if you get into a major at-fault accident, the damage to the rental car you were driving may be the least of your worries.