Q: Do I need insurance if I rent a car?

A: Yes and no. By purchasing the rental company’s insurance you assure yourself of little to no out of pocket expense should something happen to the rental car while it is in your care, custody & control. Some credit card companies will give you similar coverage just by using their credit card—you should call your card companies to see what they offer. Similarly, your collision and comprehensive coverage will extend to the rental vehicle provided it’s rented to you and you are the listed driver. But—it will not pay for the loss of rental income the rental company will charge you while the vehicle is being repaired or replaced.

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