What are the insurance types of car rental in Canada?

When consumers travel to Canada, many people will choose to rent a car in go on road trip. But before renting a car, some car rental companies will ask consumers to buy car rental insurance. So, what kinds of car rental insurance are there in Canada? Specifically, it includes vehicle loss insurance, excluding deductible and third party liability insurance.

1. Vehicle loss insurance. This insurance is very important for passengers who drive abroad for the first time. Although the retail price of many companies already includes this item, sometimes it is necessary to choose to buy it. Without this insurance, once an accident occurs in the process of renting a car, it means full compensation.

Canadian car rental insurance

Second, special insurance with deductible is excluded. I believe that everyone who has insured his car knows that in order to control the risk for the insured, the insurance company has stipulated a "free rate", that is to say, when the car is damaged, the insurance company will not fully compensate, but let the insured bear part of the loss. Recently, the "free rate" of the international car rental industry has continued to rise. Therefore, many car rental companies have introduced car rental insurance, including deductible special insurance. As long as you pay nearly twice as much money on the basis of excluding the special insurance, you can leave the liability for damages in the course of use to the insurance company. Of course, if you are very confident in your driving ability and the road conditions you are about to drive are not bad, you can also ignore the special risk of deductible.

Third party liability insurance. Refers to the amount of compensation that should be paid by the insured in accordance with the law if the qualified driver allowed by the insured has an accident in the process of using the insured vehicle, and the insurer shall compensate according to the relevant provisions of the insurance contract. In the event of an accident, the amount of compensation will be implemented according to the low standards of various countries.