by Heather Mosher


Do I need to buy rental car insurance?  It’s a common question and we were confident in telling clients not to think twice about renting that car on vacation.  After all, it had made sense for so many years that your personal auto policy would pick up the slack if you damaged a rental car in your possession.  It wasn’t until the last 3-4 years that this has changed.  The following are three costs that will be passed along to you if you were in an accident with a rental car.

  1. Diminished Value – this is a fun term that is used to describe the difference in perceived value of a vehicle before an accident vs. after an accident.  The decreased value which is associated with a “previously damaged vehicle” could get passed onto you.
  2. Appraisal Fees – it costs money to have a professional appraise a damaged vehicle.  That expense will most likely come out of your own pocket.
  3. Administrative Expenses – What happens to the time, energy, andwage of the person who handles this claim for the rental car company?  Oh yeah, we can’t forget them – and neither will you, because it will show up as a line item on your bill.

Next time you are in need of a rental car, take our advice, buy the insurance and be an informed consumer.  To learn more about personal insurance, contact Heather Mosher – VAST | 906.315.7235 |

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