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Is it necessary to have personal insurance?

Updated: 8/19/2019
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12y ago

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No insurance is necessary, but personal insurance can be a good idea for your peace of mind, and that of your family. If you can afford it, protecting your income and your life is a sound investment that will almost always be worth it in the long run.

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12y ago
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Q: Is it necessary to have personal insurance?
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It isn't necessary to purchase rental insurance so long as your own insurance covers you regardless of what car you're driving. If you're going to be renting cars often it's a very good idea to have a policy which covers you when you're driving rentals. While that will seem a bit expensive when you get the bill it won't be as much as paying for the insurance when you rent. It is not always necessary to purchase insurance from the rental car. However, it is worth checking out what exactly your own personal insurance covers. You want to make sure that there aren't any loopholes of coverage that leave you financially vulnerable and liable. You may want to compare a copy of your own personal insurance policy with the provisions of the coverage offered by the car rental store. If there are gaps then it is best to purchase the necessary additional rental insurance.


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