http://www.state.nj.us/dobi/ins_ombudsman/wysk2.htm provides answers to any specific questions you may have regarding New Jersey's rental car insurance policy.
No, you would need to purchase an Insurance policy for your Rental Property. Sometimes referred to as landlords Insurance.
Does my policy cover rental trucks
Some auto insurance policies transfer to rental cars, and some do not. You need to ask your insurance agent about the details of your insurance policy, and the specifics of coverage while you are driving a rental car.
When you get a rental car, you have the option of buying the additional insurance to go along with it. Different people have different thoughts on whether this is necessary. Among those people, there is more disagreement still on how much coverage is desirable. So if you are going to be driving in New Jersey, do you need to worry about insuring your rental car? The answer to this question is yes. No matter where you get it, New Jersey rental car insurance is an important product. There are many reasons why this is the case.Driving an unfamiliar carRental cars are bound to be unfamiliar to you. It is unlikely that you are going to get a rental ride that is just like the one you drive at home. This can raise your risk profile. You have to adjust to the mirrors and the angles. You have to adjust to the sensitivity of the steering wheel. You have to adjust to the braking time. All of these things raise the likelihood that you will be involved in an accident. This is why getting insurance is so important for your rental car.Driving in unfamiliar settingsThe roads in New Jersey are notoriously difficult to drive on. There is always much construction going on. New Jersey drivers are pushy. These things make driving in New Jersey especially difficult for out of staters. This raises the risk profile, making insurance a necessary product.What kind of insurance is necessary?Looking beyond the simple question of whether you need insurance, the bigger issue is how much insurance you will need. Some people will take out a specialty policy with their insurance company. This might cover them any time they are driving a rental car. Others might simply take the insurance policy offered by the rental car company. This insurance policy is likely to be a bad deal financially. When compared to typical car insurance, the rental company's policy will be more expensive. It is simple to get this coverage, though. Adding it onto the bill takes little time. For this reason, some people opt for this option. If convenience is your concern, then this is enough.
Insurance covers the car identified in the insurance policy. You could ask if they could transfer your insurance policy to the rental car. it depends... is that the only car on the policy? if so, then no once u have no more vehicles.. you can no longer have car insurance. you no longer have an insurable interest in the vehicle. But if you have car insurance on a vehicle and you have the right coverage (OPCF 27) then your auto insurance will cover the insurance portion of your rental, assuming u have collision and comprehensive on that policy.
The owner will usually have a policy but if you are a renter, you should have a renters insurance policy to cover your personal belongings.
Check you policy to determine if you have rental car insurance. Some credit cards also have rental car insurance. http://www.theglobeandmail.com/globe-investor/personal-finance/home-cents/do-you-need-rental-car-insurance/article1994097/
Not every insurance policy extends its coverage to car rentals. This is especially true if the rental is out of state or out of the country. Always read the fine print on your insurance policy to determine if car rental insurance is included. If it isn't, you may need a rider to get it included. If this changes your costs significantly, you can investigate the cost at individual rental companies. Or, wait to buy extended coverage until you must rent a car.
This is not a covered peril on a tenants renters insurance policy. Nor should it be. This is the landlords responsibility.
You buy rental car insurance so if you are in an accident your insurance will pay for part or all of rental car expenses if a rental car is needed. Without this insurance this will be out of pocket for you.
Most auto insurance companies will extend the coverage on your personal auto policy to a rental car. The important fact is whether you have a statement or not.
The dwelling Owners policy does not cover the property or liability of a tenant. Rental dwellings are covered under a Dwelling Policy that covers rental properties not a homeowners policy. If the tenant seeks coverage, the tenant must buy his own Renters Insurance Policy.