Facts About Car Rental Insurance

Whether renting a car for business or for pleasure, the last thing anybody wants to have to worry about paying for damages to a rental vehicle should it happen. For this reason, there is car insurance to cover drivers who are operating a rental vehicle. Many people opt out of purchasing car insurance because they feel it is an unnecessary expense. The truth is, without car insurance a person could be liable for a lot more money than what the cost of car insurance would be if he or she were to sustain damage to a rental vehicle.

A common misconception among many people who rent a vehicle is that their personal auto insurance policy will cover them for rental vehicles as well. This is not always the case. Some personal auto insurance plans will cover a driver when he or she rents a vehicle but this is not the norm. A person should always consult his or her insurance policy or speak to his or her insurance agent to help determine if rental cars are covered on the personal auto insurance policy. If rental vehicles are not covered by the personal auto insurance policy, then the renter has a responsibility to secure rental insurance.

Car insurance can be purchased directly from the rental company. Many rental companies offer different insurance coverage plans to meet the individual needs of the renter. The car rental insurance premium is calculated by a daily rate and in some cases a weekly rate if a person is planning an extended rental period. The premium amount is added to the rental fees and paid for all together. A renter would have to opt for and purchase car rental insurance at the time of rental. It cannot be added at a later time. This alleviates the possibility of insurance fraud.

Purchasing car insurance is not always necessary when renting a vehicle. Some major credit card companies offer cardholders perks such as car rental insurance just for being a member. To be eligible for car rental insurance through a credit card company, that exact card will have to be used to secure the rental. Not all credit card companies offer this perk to its members. A person should always call and consult with an agent from his or her credit card company to determine if he or she has this coverage and what the eligibility requirements are to take advantage of this perk.

Despite the concerns of many individuals, car insurance is a solid investment. The cost for car rental insurance is far in comparison to the costs a person would endure if he or she would have to pay for damages out of pocket. Car rental companies always offer car rental insurance as an option at the time of rental. Some people may qualify for coverage either through their personal auto insurance or through their credit card company. They should always consult their insurance agent or credit card company to ensure they have coverage.



Source by Nelson McWilliams

7 Tips for Saving Money on Car Rentals

Renting cars does not have to be as expensive as you'd imagine and sometimes you can a great deal just by working with the car rental companies systems to get the best deal you can without compromising on the service you receive.

Car Rental companies have many complex operations and fees that they need to take into account when setting their rental charges so, if you know what these are and how to avoid them, you can get a car rental, very similar to the one you ideally want , at a greatly reduced price.

Follow these simple tips and use as many of them as you can while still getting the rental you need and you should be able to save a lot of money on your next car rental.

– Picking a Car up at the Airport

Car Rental companies have to pay what's called an "Airport Concession Fee" for all the cars they rent from their airport locations. This is basically a charge made by the Airport to the rental company to allow them to rent cars from the Airport. Obviously the rental companies pass this on to their customers, so if there's a rental location close to the Airport you can use, you could save money by booking there instead.

– Book the Most Popular Car Group

Car Rental companies have to manage a complex stock system to make sure they've got the right cars in the right places at the right time. The more popular the car group, the more difficult it is for them to maintain stock. Generally, if they do not have the car you booked they'll give you a free upgrade. This is because the larger, more expensive cars do not get booked as much as the smaller cheaper cars. If you book the smallest car that is acceptable to you, there's always a good chance of getting a free upgrade if you're picking it up at a busy time.

– Book Well in Advance

Because it's much easier to forecast how many cars they need if they've got all their bookings in advance, the car rental companies will very often have their cheapest rates loaded for rates well in advance, so book your car as soon as you know your travel dates and save more.

– Always Get a Discount Code

Apart from during peak periods (Christmas, Easter and the height of Summer), you should always able to get some kind of discount code, although you might have to hunt around a little to find it. Always check the terms of the offers as often, even though an offer might say it's for a weekend rental, you could still use the offer for other times. It's worth searching a little to find one.

– Watch Your Collection and Return Times

Another trick to watch out for is that most rental companies charge daily rates. That means if you pick up a car at 10am and take it back at 11am the next day you'll get charged for 2 days rental. Wherever possible try and ensure that your return time is always the same, or preferably just before your collection time. This way you'll never get charged the extra day.

– Where Possible, Book When They've Got Too Many Cars

If your travel plans are reasonably open try and book when they've got too many cars and you could land yourself an absolute bargain. Book just after Christmas and you could find that all the cars that have just been returned are very cheap to book. In car rental terms, a car sat in their car park is a huge cost and they'd rather let you have it very cheaply than just have it sitting there.

– Always Ask for More

The one golden rule to bear in mind is to always ask for more, the worst they can do is say no. When you get to the counter always ask if they have any free upgrades. Often, this prompt may be all they need to remember that they can not shift that big Mercedes out the back, and if you had it, they would not have to worry about it anymore!

Each one of these tips should save you some money the next time you rent a car. If you can combine all 7 of them into one rental, you'll be amazed by how little you need to pay to drive a very nice car for your rental!



Source by John Abrahams

How to Search for Apartments for Rent in Your Area

Moving can be quite the hassle with packing up boxes, throwing things away, renting a truck, and not to mention potentially injuring your back when you try to move a heavy piece of furniture. But there comes a time in everyone's life where they just need to move on, literally.

Maybe you need a change of location for a fresh start? Or depending you have decided that it was finally time to move out of your parent's home. In any case, before you even begin searching for apartments for rent in your area, you need to take a look at your current financial situation in order to determine if moving out is plausible for you. Here are a couple of questions you should ask yourself:

Can I Afford It?

If you have a stable job and income, then you should be able to estimate how much income you will have left after paying the rent. Keep in mind that rent should be your number one priority when it comes to paying your expenses on time. It should make up less than 30% of your monthly income. Or you should aim to have an income that is three times the amount of your rent.

Can I Afford the Fees That Are Due Upfront?

No, you're not allowed to move in for free. In fact, it might be best to start building up your savings account months in advance before you even decide to move. Although it may vary from state to state, apartments for rent, in general, require that you put down the first month's rent payment and security deposit even before you are allowed to move in. This, coupled with renting a truck and possibly hiring movers, can really put a dent in your wallet.

Do I Have the Required Documentation Required?

If you're a first-time apartment renter, then you should start saving your pay stubs two to three months in advance. This will assist managers in determining if you can afford the apartment or not. The required documentation will vary depending on what complex you're trying to get into, but in general you should be prepared to show proof that you have two banking accounts (checking and savings), employment information and dates, professional references, and a co -signer, if needed.

How Do I Find Apartments for Rent in My Area?

Glad you asked! After your financial situation is evaluated and you have determined that you can afford to move, the apartment hunt will begin. Most people opt to begin their search online if they have no clue where they want to move. Check out websites that have updated listings on apartments for rent, keeping your set budget in mind. However, if you have a set location in mind, then plan a day to drive out and observe the area on your own. Look out for signs on various complexes and take a moment to pause and read the atmosphere of the area. Doing this will help determine if you want to live in that particular neighborhood.



Source by Alfred Ardis

Car Insurance Penalty

Car insurance agencies have been using penalties to keep customers from changing companies for a very long time, and a lot of people fall for it. People are generally not aware of the penalty charges and how much they will end up costing. Some consumers get insured without taking time to read the fine print, which is where they can find the information they need to know on termination of policies. Many people just renew an insurance policy to avoid running into charges they know nothing about.

Here are a few fundamental tips to help you make the best choices on insurance renewal or restoration:

Analyze The Cost Of The Penalty Against The Potential Savings

Make sure you always weigh your options. For instance, if you will save $300 to change to another insurer but that means you have to pay $200 in fines for canceling your current insurance then it’s possibly a worthwhile deal. However, if you have to a pay $200 fine for a $100 savings, you might have to hold on until the agreed expiration date before you change over to another company. It all comes down to if you will save money on a new deal or not.

Stay With The Same Insurance Provider Longer To Lower Your Termination Penalties

If you terminate your policy after two weeks, you might have to pay a $400 penalty, but if you cancel after eleven months, you might end up paying $50 or less.

Always make sure to read all the documents you are given before signing and activating your vehicle insurance.

Use The Competition To Potentially Lower Your Rate

A great number of people use this strategy to their benefit. You can do this if you like your insurance provider but they are relatively costly, and they charge fines for cancellations.

Let them know you have gotten cheaper quotes from their competitor and ask if they can match the cheaper rate. There’s a chance they might decrease your cost of insurance and give you a better deal to keep you as a customer. Then you have a better rate and can avoid any termination penalties.

Examine The Termination Rules On Any New Policy You Have In Mind

If you find less expensive insurance and need to opt out, make sure your new provider does not have huge termination penalties. You can call the customer representative and get all the relevant information you need to know about the fees and charges involved. In addition, thoroughly read the terms and conditions of your new contract, to avoid unforeseen fines.

Look For A Direct Insurer That Does Not Force Cancellation Charges

You can look for an insurer that doesn’t charge for the cancellation of policy. In the past few years, many carriers have stopped car insurance penalty plans in favor of letting people cancel at any time.

There are now insurance policies with internet-based rates, no hidden fees, and no transaction costs if you want to cancel. This is one of the reasons you should take the time to check your current rate online.

Since you now understand how to stay away from additional cancellation charges, you ought to take a couple of minutes and attempt to get your rates reduced.

You have access to free quotes without commitment online and can realize hundreds in savings in just a matter of minutes. Get started now and lower your insurance rates online.



Source by Mike Heuer