Can Your  Personal  Insurance  Cover  Your  Car Rentals

Getting an insurance policy to protect something important to you, like your house or car, makes sense. These days, economic uncertainties mean that having a safeguard in place gives you reassurance if anything untoward happens.

It appears that consumers across Europe are feeling the same way. According to the latest EIOPA  (European  Insurance  and  Occupational Pensions Authority) statistics, household (62%)  and vehicle insurance (57%) are the two most common insurances consumers typically own throughout European states.

Having the security of personal insurance, particularly as you drive your car, means that you can feel comfortable in your day-to-day, and get on with your life without worrying about the expense if you have an accident or cause any damage.

One of the main concerns consumers have is that busier roads may mean an accident is more likely to happen. Studies show that in some European countries, the motor vehicle insurance market is seeing a rise in demand due to an increase in traffic congestion.

As a result, you may be looking into a variety of personal insurance options, including car insurance, to ensure any valuable belongings are protected. However, if you rent a car, would your personal car insurance cover this vehicle? In this article, we explore personal  car insurance and how to cover the risks related to renting a car.

Contents

• What is personal car insurance?
• Can your personal insurance cover your car rentals?
• How can you insure your car?
• Protect your car with insurance from GasanMamo.

What is personal car insurance?

Personal insurance is a general term for all types of insurance that relate to you personally.  In contrast, business   insurance is  associated  with  protecting  business property, buildings, contents or employees.

Personal car insurance relates to the cover you take out to protect your personal vehicle, the one you use every day. This type of insurance would be a policy you would find yourself, or with someone’s help.  

There are lots of different kinds of personal car insurance. For example, if you’re a new driver, you  can invest in a young driver’s car insurance policy, like the Boosh car insurance policy from GasanMamo.

Can your personal insurance cover your car rentals?

Keep in mind that your personal car insurance only covers you when driving your own car so it won’t cover car rentals. This is because car insurance is likely to be tied to a particular vehicle, and can’t be used with other cars.

When you sign up for a car insurance policy, you have to give the specific details of your car, such as make, model, number plate and mileage. There is therefore no doubt that your car insurance is for your individual vehicle and won’t cover driving in other cars.

Plus, car rental companies tend to factor the required car insurance into the price of the rental. When you sign the car rental documents, you should see information about the appropriate car insurance that covers the rental vehicle.

However, it’s always sensible to check the level of insurance you have with the car rental so that you’re clear about the protection in place before you drive the car. Car rental  companies  in  Malta  usually  have  a  Collision  Damage Waiver (CDW) which usually covers any damage done to the car while being rented out, make sure you take this out if you want to be protected. Otherwise, you can end up having to pay for any damage caused to the car.

How can you insure your car?

Deciding on  the  best  insurance  policy  for  your  car  can  be  difficult  with  so many companies on the market. Your car is important to you, and finding the right insurance to suit your needs may take time.

An easy way is to make a checklist of your priorities, so you know what you’re looking for. Here are some questions to help you make a list:

• Does your car require specialist insurance?
• Is it a standard make and model?
• What level of car insurance are you looking for?
• Are there any additional aspects you want to include, such as personal injury?
• How long do you want the insurance policy to last?
• What is your average budget for car insurance
• Do you want to use an established and trusted car insurance company for peace of mind?

Typically, you’ll find third-party only, third-party fire and theft or comprehensive car insurance policies available.

Protect your car with insurance from GasanMamo

Not only do you receive superior and friendly service at GasanMamo, but you also gain access to a range of car insurance policies that are easy to understand while protecting you and your vehicle.

Our car insurance policies are designed with you in mind, offering you standard cover with a collection of optional additional benefits for you to browse and select to suit your needs.

Our third-party only, third-party fire and theft and comprehensive car insurance policies are reasonably priced and competitively positioned in the market, empowering you with a sense of security and reassurance.

For your convenience, it’s an easy process to get a quote today, or contact our team for a friendly chat to discuss your car insurance options.

GasanMamo   Insurance   is   authorised   under   the   Insurance Business  Act  and regulated by the MFSA.

Photo by by Abu Hanifah from Getty Images