Several years ago when Joy and I went on our first big vacation, we rented a car. She was surprised I didn’t buy the rental-car insurance, and as we pulled out of the lot asked me if we were covered. My answer: Yes. Another time an insurance company called her and offered her extra coverage on her credit card. She’d been working for me for a while by then and told the guy on the phone she’d call him back after she talked to her credit card company and her current insurance agent. He hung up without giving her his number.
Here’s why we didn’t need the extra policies either time:
Credit Card Fraud Insurance: The Federal government requires credit card companies to provide a substantial amount of protection to credit card holders. To be sure you’re covered, call your credit card company and ask or check their website to see how they cover their clients in cases of credit card fraud and stolen or lost cards.
Note: Stolen identity is a different subject – one I’ll provide information on in another blog post.
Rental Car Insurance: If you carry full coverage on your car insurance, it’s likely that coverage will extend to the car you rent. Before a renting a car, call your agent to find out what your policy already covers. Then, you can avoid the pressure to buy more at the car rental counter with confidence.
If you have any questions about your insurance, give me a call at 507-226-8121.
[tweetthis]Insurance you may not need. #MNInsurance #Information [/tweetthis]