You will see car rental insurance when you go for a car rental in Melton. It is not like your regular car insurance; you need to understand how it works to get the best deal. If you don’t understand it and do not read the fine print, you can end up paying much more than you should. So, here are some important things to know about car rental insurance in Australia.
Insurance Costs Are Included In Your Rental Fee
Your car rental fee includes the costs for compulsory third-party insurance, also known as CTP or Green Slip insurance, and a loss damage waiver. The CTP will protect you financially if you are involved in an accident or injury with the rented car. The loss damage waiver protects against any damage that might happen to the rented car, but it comes with a deductible.
You Can Choose More Loss Damage Waiver
Along with these two, rental companies also offer other kinds of loss-damage waivers when renting a car. These extra insurance covers will protect you financially if the car gets stolen or you damage the tyre or the windshield. It may push up your rental fee, but this small daily fee will bring you peace while you drive the car around.
Your Coverage Has Limitations
Your vehicle type will determine how much deductible you can get from your loss damage waivers. Furthermore, many waivers can be invalidated if you take your car to places you are not supposed to take them. These restrictions usually invalidate the insurance based on where you rent the car or where you are going. So, you need to talk to your rental company in detail beforehand to ensure your driving route is not one of the areas that makes the insurance invalid. For example, many insurance and loss damage waivers are invalidated if you drive through beaches, streams, or even in a flood situation!
Renting a car, especially a premium car, for a lovely weekend is a great way to relax. So, when you go to your car rental in Melton, be sure about the insurance the company offers before renting the car. That way, you can truly drive around with no worries and enjoy your much-needed break.