You are thinking to rent out a car but then you decide to hand the keys over to your friend or family member. Do you think that the rental car company will let you do this? The answer is both yes and no but you should be aware of the risks before you do this.
Although, it is legal to let someone else drive your rental car, it is not advisable. The main reason for this is that you will be held liable for any damages or accidents that occur while the other person is driving. This means that your insurance rates could go up and you could even be sued.
So, if you are thinking about renting a car for someone else, it’s best to just bite the bullet and do it yourself. That way, you won’t have to worry about any potential legal or financial problems down the road.
Also, When you are renting out a car, make sure to add an additional driver to your contract. That way, if anything does happen, you will be covered. The additional driver fee varies but its not more than $12-15$ a day.
Let’s say you rent out a car for a friend and the friend damages the car. The rental car company will come after you for the damages, even if it wasn’t your fault. So, in order to protect yourself, it’s always best to add an additional driver to your contract. The best way to save yourselve from any such damages is by opt for the insurance coverages that the rental car company offers. By opting for these insurance coverages, you will be saving yourself from a lot of financial trouble in case of any damages to the rental car.
There are two types of insurance coverages that the rental car company offers-
1) Collision Damage Waiver (CDW)
2) Loss Damage Waiver (LDW)
Both these insurance coverages will save you from having to pay for any damages to the rental car in case of an accident. The CDW covers damages to the rental car due to a collision with another object or vehicle. The LDW covers any other damages to the rental car, such as theft, vandalism, or weather damage.