Car rental agreements
Car rental insurance policies
Before finalizing the car rental company, you should ensure that the safety of your travelers is guaranteed. The company should provide travel insurance in case of an accident to the driver and the passengers. Further, you should also establish the understanding to claim the insurance before the travel to make the process easier and hassle free for your customers. Common types of travel insurance include:
1. Collision Damage Waiver (CDW): This type of insurance will cover the damage to the rented vehicle in the event of a collision.
2. Theft Protection (TP): The insurance will cover the cost of the vehicle in case of theft. This type of insurance covers the cost of the rental vehicle if it is stolen.
3. Supplemental Liability Insurance (SLI): The SLI covers the damages and injuries along with the damage to the property.
You can also negotiate the terms of the services provided by any car rental company.