Introduction
Motor or car travel insurance is a unique coverage offered by insurance agencies. One should accept the offer of car travel insurance policy, if he travels a lot and while traveling, he uses or rents a car. The secret is if one relies upon taking a car, he should rely on car travel insurance.
Basic idea
This facility covers the excess amount in the event of damage of rented car(s)/ vehicle while driving during the trip. The premium (which is the insurance rate used to decide the charged amount for a certain amount of insurance coverage) charges differ according to number of days of travel, the destination of the country and the choice of schemes one has taken. For example, if somebody travels outside his own country, then normally he has to pay much higher premium charges for that particular car travel insurance policy.
Claim procedures and advice from experts
Experts advise that while someone determined to go for car travel insurance before each trip, he should check the premium schedule offered by different insurance agency. This is because claim procedure is the most vital part of any insurance policy.
Normally all the insurance claim should be lodged within certain time period. One needs to complete and submit the claim form directly to the insurance agency with all relevant documents. In that case one needs to intimate the concerned insurance agency.
Generally insurance against collision damage is not included within the policy. If somebody wants to to demand his claim in the event of any accident or damage of car during any trip, he needs to acquire a collision damage discharge waiver from any rental agencies or credit card issuer.
Precaution
While signing contract with the agencies, one should be alert about whether the car travel insurance policy includes the following:
- Damage to the rental car including fire, theft, accidents, towing and road hazards
- One should always check that the insurance company is providing the facility to determine coverage under the existing personal car travel insurance policy because if one does not have any car travel insurance or not enough coverage, then he needs to buy the coverage from the respective counter.
To know more one can browse through insureandgo.com, rmiia.org