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Although you might think that insurance is a pretty heavy subject, the guys at Geico will make everything easier for you. One of the most neglected policies of all time is the car rental liability insurance at Geico. In fact, there are dozens of uninsured motorists in the world today. If you are reading this, ask yourself: do you have an insurance policy regarding your rental cars? Although these are rented, you should always think about having financial protection.
To summarize, here are the rental car insurance policies available at Geico.
Damage Coverage – There are two types of insurance that you can receive for damage: 1) the Collision Damage Coverage and the 2) Comprehensive Physical Damage Coverage. The first one is for damage that occurs because of collisions, while the second one is coverage for losses because of natural calamities. This is common to other policies such as American Express Card car rental insurance policy.
Medical Payments – Just in case someone gets injured, may it be you or the passengers inside the vehicle, Geico will provide you financial aid for medical expenses.
Liabilities – Geico will help you if ever there comes a time when you cause injury to someone or harm to other properties. With this, you will also receive legal defense, assuming that the other party takes the matter to court.
Rental Reimbursement – While your rental car (assuming that it has been damaged) is being repaired, you can take avail of a replacement. In order to avoid paying this, you can enroll for this kind of policy at Geico. The company will pay for the new car, while the old one is with the mechanic. There are other policies such as AIG car insurance coverage for rental cars that give this special privilege out. Check Geico to see if the mechanics are the same as those of AIG�s.
Basically, these are the main policies of Geico's car rental liability insurance. If you need specific details, you can always check out the company's offical site.