Connect with us


What happens if I end up in a car accident in a rented car?



What happens if I end up in a car accident in a rented car?

What happens if I end up in a car accident in a rented car?

What happens if I end up in a car accident in a rented car? Renting a vehicle is a good alternative to buying. Drivers can rent newer models for less than the cost of buying without worrying about vehicle maintenance or committing to a single car for the next 10 years. Dealers today rent about 3 out of 10 cars that leave the lot, according to US News. What many drivers are not as sure about as the actual rental agreement is what happens if they end up in collisions in rented vehicles. Lack of ownership can pose unique legal issues. You are entitled to compensation if you are involved in an accident in a rented car.

What is a rented car?

The traditional way to get a new car is to buy one. Most buyers take out car loans to buy new cars and then pay off their car loans over time (usually in monthly installments). Not all drivers want to buy or own their vehicles, however. Renting a car is an alternative to buying. It is similar to renting a vehicle, except that the driver will have a long-term contract with the landlord.

in a leasing agreement, the driver pays for the depreciation of the vehicle during the leasing period, in addition to the lessor’s fees and interest. For example, if you rent an SUV worth $ 30,000 for three years, and the estimated depreciated value of the SUV at the end of the three years is $ 20,000, you pay the difference: $ 10,000. The lessor divides your payments into installments under your lease. At the end of your contract, you will renew your lease or return the vehicle to the dealer.

insurance requirements for rented vehicles

You may not own a rented vehicle, but you still have to pay for insurance to legally drive it in the state of Nevada. Taking out rental car insurance ensures that you have the coverage you need in the event of an accident. To ensure that your policy will protect you from financial liability after a crash, at least meet the minimum insurance requirements in Nevada.

  • $ 25,000 in personal injury insurance per person
  • $ 50,000 in personal injury insurance by accident
  • $ 20,000 in property damage insurance

Most vehicle leasing companies require you to pay for insurance coverage in addition to the minimum amounts required. For example, you may need to purchase Guaranteed Asset Protection (GAP) coverage. GAP coverage protects the leasing company by fulfilling your financial obligation to the COMPANY if you totally the vehicle or someone steals it.

You may also want to purchase additional types of coverage to pay for your personal medical bills or losses in a fault accident, such as a collision or comprehensive car insurance. The more insurance you buy, the stronger your liability protection after a crash.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Tips You Should Keep In Mind While Booking Airport Taxi For Others




We often hire Airport Taxi in Milton Keynes for ourselves. However, there are a few times, when we have to book a taxi for others. For example, if any of your relative or friend is coming to your place but you have little time to pick them up from the airport, then you need to think about an alternate way. As they are new in the city, it may be confusing for them to find a reliable taxi service. So, it is your duty to book the service on their behalf.

However, it is not easy to hire a taxi service for others. You need to be very careful in a few matters. Here is your guide to know about the things that you need to keep in mind while hiring a taxi.

  • Location: You need to know at which airport their flight will land. If they will drop them at your place or any other hotel, then you can inform them to the Airport Taxi Milton Keynes, so that they can transport them to the desired destination. If the guests want to go somewhere in between like shopping or any appointment, then take note of that. Otherwise, there will be chaos due to the misunderstanding. If they will stay at any hotel or resort, then get the exact location of the place to drop. You can share your GPS location in case they will drop you at your home.
  • Timing: The date and time are two important factors and surprisingly most people mistake these factors often. Check the time and time zone of their arrival. Check minutely the time format and make sure that the taxi company has it correctly. They must have to reach the airport at the arrival time so that they don’t need to wait after a long exhausting journey.
  • Special Requirements: If any traveller is sick or aged and he or she is in a wheelchair, then you need to make a special arrangement for it. You need to hire the Milton Keynes Wheelchair Taxis for safe transport. If there is any baby travelling with them, then the car should be safe for the baby. The taxi company must have the car seat for the baby with them. In case, anything they need, you have to get all the information and convey it to the transport company. You need to make sure that they have all the required facilities.
  • Number of People: Another important factor is the number of people travelling. The car should accommodate all the passengers comfortably. Moreover, there must be enough room to keep all the luggage safely. So, depending on the number of people and bags they are carrying; you need to book the car. If there are many people, then you can consider a mini bus or limo. Make sure the service provider has all types of cars in their inventory.

A few things you need to remember: 

Apart from the above-written points, there are a few things that you can consider. It is always courteous for a host to pre-pay the bill for the transport. And make sure, for any patient or elderly person, you must book the Milton Keynes Wheelchair Taxis only.

Continue Reading


Copyright © 2022 Business Eras.