Usually, one of the insurance companies pays for the rental car.
Rental insurance is usually for when you buy an apartment or a condominium. It is also a good idea to buy it with your vacation rental home since you do not know what damages your vacation rental home may undergo, and one day a catastrophe may destroy it. You will want to be insured for that.
Please clarify the type of "rental coverage" that you mean. There is, for example, rental insurance available on rental cars, and rental coverage that one buys on personal belongings when living in a rented home.
Rental insurance is a very wise insurance to have. This can cover loss and damage just like a regular home insurance even though you are only renting.
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/
who pays title insurance when selling a home
Rental reimbursement insurance pays a small amount toward renting a car while your car is being repaired as a result of an accident. In this day and age a limit of $30-50 is best. Rental reimbursement insurance pays a small amount toward renting a car while your car is being repaired as a result of an accident. In this day and age a limit of $30-50 is best.
The rental car is a temporary use automobile and damage would be considered your responsibility. So either you or your insurance carrier would be on the hook for the glass damage. PA Agent K
You can't do that.
It all depends on whether the renter signed up for the car rental company's extra insurance coverage at the beginning of the rental. If LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver) insurance coverage was accepted by the renter, you will likely be dealing with the car rental company's insurance. If the renter declined the extra coverage, then you will deal directly with the renter's personal insurance provider.
What! Insurance pays for financial losses. I don't understand your question.
Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverage. While most home owners policies cover the building you live in as well as your contents (TV, Clothes, etc...), most rental property policies cover only the building. This is because in a rental property situation you usually do not own the contents inside and the renters have renters insurance to cover their own contents.