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The answer is maybe… If you have a Massachusetts Personal Auto Policy, the coverage should follow you and any household members listed on the policy when using a rental vehicle provided the rented vehicle is a private passenger vehicle. If you do not carry Collision or Comprehensive coverage on the vehicles listed on your personal policy, the policy’s coverage will not extend to the rental vehicle.
•The territory covered in your policy includes the United States and its territories, Puerto Rico and Canada. Going to London, Tortola or Turks and Caicos Islands? No Coverage.
• The Physical Damage coverage (Collision and Comprehensive) on your policy provides coverage on an actual cash value basis. In the event of an accident, the rental car agency may want you to do the following:
Reimburse them for the diminished value of the vehicle (reduced resale value even after the damage is repaired)
Their loss of income for that vehicle while it is being repaired.
If you carry Collision or Comprehensive coverage on the vehicles listed on your personal auto policy, your policy would only provide coverage for the physical damage to the rented vehicle and not the diminished value or loss of income.
• Make sure you understand who is allowed to drive the vehicle by contract and that those who are allowed to drive are listed on your auto policy. Letting an unauthorized driver operate the vehicle could result in a denied claim.
• If you are going to be renting the vehicle for more than two or three weeks you may want to check with your agent, as there may be an exclusion on your auto policy for vehicles that you do not own but use on a regular basis.
Your policy will follow you for the coverages that you have on your own vehicle, however, there are a few situations in which you could have to pay out of pocket in the event of an accident.
Please contact our office if you have any questions or would like to discuss further.