Introduction To One Day Car Insurance
There are many situations in which one should consider purchasing one day car insurance. Some you may have thought of already, others you may have not considered. What makes this a practical purchase in a multitude of situations is simple. When the unthinkable happens, you must be covered in order to avoid serious financial losses.
- One Day Car Insurance for Rental Cars
Many people falsely assume that when they rent a car, the basic coverage levels will be enough. The truth is that serious accidents can cost thousands of dollars. Should injuries or death occur, the total can climb to over a million dollars.
While everyone likes to assume that these scenarios will never happen, the truth of the matter is that they do each and every day. Having the maximum level of protection is highly advised.
- One Day Car Insurance for Borrowed Cars
Those that do not own a vehicle may find that they need to borrow one from a friend or relative from time to time. Purchasing one day car insurance is a must in these situations. While the car may be insured by the owner, the driver needs to be as well.
Should you cause bodily injury to another driver, or passengers within a vehicle, you can be sued if the accident was your fault. These lawsuits can be extremely stressful, and can take a huge toll on your finances.
- One Day Car Insurance for Rented Moving Vans:
This coverage is also practical when renting a vehicle for moving purposes. The possibility of an accident occurring may actually increase when one is driving a vehicle that he or she is not used to.
Most people do not drive large moving vans on a daily basis, and these vehicles can be hard to maneuver. Obviously, large trucks and moving vans are worth more than an average car.
Therefore, a high level of coverage needs to be in place to cover the cost of repairing or replacing one should an accident happen.
- Covering Transitional Vehicles:
If you have been given, or inherited a vehicle that you plan to drive, but do not plan to keep, coverage will be necessary. One day car insurance is extremely practical in these situations, as it will help you avoid purchasing any long term coverage. Even if you do not plan to drive the vehicle, you may still wish to protect it, as even parked cars can be damaged due to weather and other external factors.
What Is The Terms and Conditions?
These will vary by provider. It is important to completely understand what the terms and conditions are in advance. Failure to follow the rules can result in coverage being denied. The terms will be easy to live with so long as the vehicle is being used in a reasonable manner. Discuss how you will be using the vehicle with the coverage provider. This will ensure that there are no surprises.
Coverage can be purchased for more than just a day should you need it. It is possible to purchase short term coverage. Though this product is not highly advertised, there are many companies that offer it. What is most important is to choose a provider that is reliable, and offers coverage levels that you feel comfortable with.
These are just some of the reasons why one may need one day car insurance. This product should be thought of each time you get behind the wheel of a car that is not your own.
While hopefully you never need to rely on it, insurance is always a wise investment. Failure to have it can have serious consequences.
