Enterprise Car Rental Insurance: Everything You Need to Know

When renting a car from Enterprise, you will be offered various insurance options at the rental counter. As a renter, it is important to understand these options in order to make an informed decision. In this article, we will provide a comprehensive overview of the different types of Enterprise car rental insurance and answer some frequently asked questions.

Types of Insurance Offered by Enterprise

Enterprise offers four types of insurance which are:

1. Collision Damage Waiver (CDW)
2. Supplemental Liability Protection (SLP)
3. Personal Accident Insurance (PAI)
4. Personal Effects Coverage (PEC)

Let’s dive into each of these insurance options in more detail.

Collision Damage Waiver (CDW)

CDW is an optional coverage that protects you from financial responsibility if the rental car is damaged, stolen or vandalized. The coverage limits your financial responsibility to a set amount, which varies by location.

For instance, if you rent a car and the vehicle gets damaged, CDW will cover the cost of repairs or replacement, and you will not be held liable. However, CDW does not cover damages incurred when you violate the rental agreement or any illegal activity.

The cost of CDW varies depending on the location and type of car you rent. However, CDW usually costs between $10 and $30 per day in addition to the rental fee.

Note that CDW is not insurance, but a waiver of your financial responsibility. It is advisable to read the Terms and Conditions of the rental agreement to understand the limitations applied to CDW.

Supplemental Liability Protection (SLP)

SLP is an optional coverage that protects you against claims made by a third party. If you are involved in an accident, SLP will cover damages to the other person’s vehicle or property, as well as any medical expenses incurred due to injuries.

If you have comprehensive automobile insurance or personal liability insurance, your coverage may extend to rental cars. However, it’s important to check with your insurance provider to confirm this.

SLP usually costs between $10 and $15 per day, and the coverage varies by location.

Personal Accident Insurance (PAI)

PAI is an optional insurance that provides coverage for medical expenses and accidental death and dismemberment. The coverage is for the renter and anyone else in the rental car at the time of an accident.

PAI is not medical insurance, but it is an extra layer of protection that you can purchase for peace of mind. The cost of PAI varies between $5 and $10 per day.

Personal Effects Coverage (PEC)

PEC is an optional coverage that provides protection for personal items damaged or stolen from the rental car. The coverage provides reimbursement for the value of personal belongings up to a set amount.

The cost of PEC is between $2 and $5 per day, and the coverage limit varies by location.

FAQ

Do I need to purchase Enterprise car rental insurance?

The insurance offered by Enterprise is optional, but it’s advisable to consider the coverage options before renting a car. If you have comprehensive automobile insurance or personal liability insurance, your coverage may extend to rental cars. However, it’s important to check with your insurance provider to confirm this.

Does my credit card offer rental car insurance?

Many credit cards offer some form of rental car insurance if you use the card to pay for the rental. However, the coverage offered varies by card and may not be enough to cover all damages or liability. It’s important to check with your credit card provider to confirm the coverage offered.

What happens if I decline Enterprise car rental insurance?

If you decline the insurance offered by Enterprise, you will be responsible for any damages or liability incurred during the rental period. Your personal insurance may cover some damages, but it’s important to check with your insurance provider to confirm this.

Can I add insurance during my rental period?

Yes, you can add insurance during your rental period. However, the coverage will only be effective from the time you purchase it, and it will not cover any damages or liability incurred before the coverage was purchased.

What is the maximum liability amount for CDW?

The maximum liability amount for CDW varies by location. Typically, it ranges between $500 and $2,500.

Conclusion

Enterprise car rental offers four types of insurance which are Collision Damage Waiver (CDW), Supplemental Liability Protection (SLP), Personal Accident Insurance (PAI), and Personal Effects Coverage (PEC). It is important to consider these coverage options before renting a car to ensure you have adequate protection. Additionally, it’s worth checking with your personal insurance and credit card provider to determine if they offer rental car coverage.