Types of Car Hire Insurance
Approaching a counter to hire a car is not always as simple as just picking out the type of car, but usually includes also deciding on a type of car hire insurance. A good idea before traveling is to review insurance policies already owned or credit card policies to see if additional coverage is required. If there is a need for more coverage or if it would just be nice not to have to worry about premiums, car hire agencies, known as car rental companies in some places, offer several different kinds of individual car hire insurance.
A Collision Damage Waiver (CDW) and Theft Waiver (TW) are often the first policies offered or included with every car hire; these are for basic liability coverage. Additional liability coverage, referred to as Supplemental Liability Insurance (SLI), excess car hire insurance, or extended CDW, are policies that increase the amount of liability coverage and includes additional items such as theft or damage of tires, windows, mirrors, and other small items. The last types of car hire insurance offered are those related to personal injury and effects. Known as Personal Accident Insurance (PAI or just PI in some places) and Personal Effects Coverage (PEC), these policies cover injury or death for the driver and passengers, and if personal items are stolen from the vehicle.
