The Comprehensive Guide to Insurance Coverage

Insurance premiums can take a big bite out of a monthly budget, but not having enough coverage can be even more costly.  Let’s take a look at the five primary insurance types and the most important information to know about each one.

1. Health insurance

What is it? 

Health insurance is coverage that typically pays for medical, surgical and prescription drug expenses in exchange for a monthly premium. Many states mandate health insurance coverage and will collect fees, along with state taxes, from taxpayers who do not have sufficient coverage.

Types of health insurance plans

Health insurance plans are divided into two primary categories: public and private.

Public health insurance is provided at low or no cost through the federal and/or state government. The most common public insurance plans are:

  • Medicaid – Public insurance plan for low-income families and individuals. Eligibility requirements vary by state.
  • The Children’s Health Insurance Program (CHIP) – A federal and state program designed to cover children below the age of 18 whose families have incomes above the qualifications for Medicaid, but are too low to afford private health insurance.
  • Medicare – A federal health insurance program for Americans age 65 and older.

Private health insurance may be provided through an employer or purchased privately from the insurance provider, or through a broker.

These are the most common private health insurance plans:

  • HMO: Health Maintenance Organization – The most restrictive plans that only work with a network of healthcare providers. The insured must choose a primary care physician (PCP) who is in the network to benefit from coverage. To see an out-of-network specialist, the insured will need a referral from their PCP. HMOs tend to have cheaper premiums than other health insurance plans.
  • PPO: Preferred Provider Organization – The most flexible health insurance plans, which allow the insured to choose an in-network doctor at a lower cost, or an out-of-network doctor at a higher cost. There is no referral necessary to see a specialist. Premiums are generally more expensive than other plans.
  • EPO: Exclusive Provider Organization – A blend of HMO and PPO plans, EPOs do not cover out-of-network physicians, but do not require referrals for specialists. Premiums on EPOs fall between HMOs and PPOs.
  • POS: Point of Service – Another blend of HMO and PPO plans, POS plans will require a PCP on an HMO-style network, while also allowing out-of-network options at a higher cost. A referral is required for specialists. Premiums are generally more expensive than HMO plans but less expensive PPOs.

2. Life insurance

What is it?

Life insurance is a contract between an insurance company and a policyholder that guarantees a sum of money to the policyholder’s designated beneficiaries when the policyholder dies, in exchange for monthly premiums paid during the insured’s lifetime.

Types of life insurance

These are the five most common kinds of life insurance plans:

  • Term insurance – The most basic form of life insurance, with a predetermined term, usually ranging from one to 10 years. Plans are renewable at the term’s end, but the premiums will increase with each renewal. Term policies generally have the cheapest premiums, but no cash value.
  • Whole life insurance – Offers policyholders a cash-value component coupled with increased protection. Premiums can be locked in throughout the term, and a portion of premiums goes toward the policy’s cash value. The insured can borrow up to 90% of the cash value, tax-free, but loans reduce the policy’s death benefit.
  • Universal life insurance – Offers increased flexibility for policyholders. Premiums can go up or down, or even be deferred within certain limits. Cash values can be accessed and withdrawn, though this directly decreases the death benefit. Face values can be modified as well.
  • Variable life insurance – Fixed premiums and investment options make this policy the choice for true risk-takers. The policyholder’s cash value will be invested in the insured’s choice of stock, bond or money market portfolio. Cash values and death benefits will fluctuate along with the investments’ performance. These policies usually have higher fees than universal life insurance, but all cash value accumulation grows tax-free.
  • Universal variable life insurance – A blend of universal and variable life insurance, these policies offer flexible premiums and the ability to modify face values, along with investment options.

3. Auto insurance

What is it? 

Auto insurance is a contract between a policyholder and insurance company, protecting the policyholder from financial loss in the event of an auto accident or theft. The coverage is provided in exchange for a monthly premium. Some form of auto insurance is required in all 50 states.

Types of auto insurance policies

These are the primary categories of auto insurance coverage:

  • Liability coverage – Includes coverage for bodily injuries, property damages or auto damages to another motorist if the policyholder is at fault.
  • Comprehensive coverage – Pays for damages and losses to the car that were not caused by another driver.
  • Personal injury protection – Covers medical bills for the policyholder and their passengers in the event of an accident.
  • Collision insurance – Covers damages to the policyholder’s car if it’s involved in an accident.
  • Uninsured/under-insured motorist protection – Pays for damages caused by another motorist who does not have sufficient (or any) coverage.
  • Gap insurance – Pays the difference between what the policyholder owes on a financed or leased vehicle and what it is valued at when there’s a total loss of the vehicle.

4. Long-term disability insurance

What is it?

Long-term disability insurance is an insurance policy that provides income replacement for workers if they are unable to work due to a debilitating illness or injury.

Types of long-term disability insurance

There are two primary types of long-term disability insurance policies:

  • Own-occupation disability insurance defines a disability as an inability to work at your regular occupation. Benefits are paid even if the policyholder can work at another job.
  • Any-occupation disability insurance defines a disability as an inability to work at any occupation. These plans are generally cheaper, but claiming benefits can be more difficult.

5. Homeowners/renter’s insurance

What is it?

Homeowners insurance is a policy designed to protect homeowners and their families from liability and financial loss in case of damage to their home and belongings in exchange for monthly premiums. Renters insurance is purchased by tenants and only covers damage or theft of their personal property.

Types of homeowners insurance policies

  • HO-2 – A policy that only protects against 16 specified perils.
  • HO-3 – A broad policy protecting against all perils other than those excluded in the policy.
  • HO-5 – A premium policy that usually protects newer homes and covers all perils, except the few excluded in the policy.
  • HO-6 – Insurance for co-ops/condominiums, which includes personal property coverage and liability coverage.

Each plan type will also include some extent of liability coverage. Most policies will only cover events if they are sudden and accidental. Some natural disasters, like earthquakes and floods, require a separate policy for coverage.

Types of renters insurance policies

Renters insurance policies will generally fall within either:

  • Replacement-cost plans – Will pay for the full cost of replacing your damaged or stolen belongings up to a predetermined cap. This plan offers more robust coverage, but premiums are generally higher.
  • Cash-value plans – Will only offer payouts to cover what the damaged item was worth at the time of the disaster.

Insurance is a big part of financial responsibility. Use our guide to help you make the right choices in all major types of insurance coverage.

Your turn: What are your best tips for buying insurance?

Learn More:
policygenius.com
smartasset.com
iii.org
allstate.com
nerdwallet.com
investopedia.com

How will my Insurance Premiums be Affected by a Car Crash?

two men involved in a minor car accident exchange insurance informationQ: I’ve recently been involved in a car crash and I’m wondering what to expect as far as my insurance rates. How big of an increase can I expect to see in my monthly premiums?

A: In most cases, car insurance providers will add a surcharge to your monthly premiums following a car accident involving one of the drivers on the plan; however, the exact increase you’ll see, and whether you will see one at all, varies by the driver, insurance carrier and state.

Here are the answers to all your questions regarding vehicle accidents and insurance rates.

What should I do after an accident?
If you’ve been in a car accident, you may be wondering whether you should involve your insurance provider and the authorities at all. If only minor vehicle damage was sustained in the accident at costs that are below or just above your deductible, it may be smarter to pay for the repairs on your own and not to involve your insurance provider. Before you decide to take this route, though, check your policy to see if there is a caveat requiring you to report all accidents.

When you need to file an insurance claim, you’ll also have to file a police report. Be sure to do so as soon as possible after a vehicle accident. You can find the information needed for filing an insurance claim on the insurance documents that you should have in your vehicle at all times. Exchange the following information with the other driver while still at the scene of the accident:

  • Name of driver
  • Name of car owner
  • Names of any passengers in the car at the time of the accident
  • The vehicle make, model and license plate number
  • The driver’s insurance company name, policy number and contact number for claims filing
  • If the police are at the scene of the accident, ask for an official police report right then as well. If you are incapacitated because of the accident, you may need to do some follow-up work when you are back on your feet to get this information. You should be able to access it through your local police department.

How much of an increase in my monthly premiums can I expect to see after an accident?
The exact increase (if any) you will see in your monthly premiums depends largely on what kind of accident you were involved in and whether you were at fault. Other factors that come into play when determining this number include your particular policy and the state where you live. Another crucial point that insurance providers consider is whether this is your first at-fault accident while on the plan. Some providers will allow one minor accident to slide without any lasting impact, while a second crash can raise your rates up to a whopping 80 percent.

A joint study between Insurance Quotes and Quadrant Information Services, which looked at data in all 50 states, found that drivers who made a single insurance claim worth $2,000 or more saw their premiums increase on average by 44.1%, or $371 a month.

Is there any way I can guarantee that my insurance provider will look away from the accident?

If you’ve been with the same insurance provider for a while, you may qualify for accident forgiveness, or a program many insurance providers offer in which they waive the usual post-accident surcharge for qualified drivers. In general, only drivers who’ve been insured by the carrier for a lengthy period of time and who have excellent driving records will be eligible for this free program. Some carriers allow other drivers to join the program for an additional monthly fee. If you are not enrolled in accident forgiveness and you think you may be eligible, speak to a representative of your insurance company to see if you can enter the program.

What if the accident isn’t my fault?
If you’ve been involved in an accident that was clearly not your fault, your rates may or may not increase, depending on your carrier, state and whether this is your first no-fault accident. If you’ve been involved in several no-fault accidents, you may see a significant increase in your premiums. Your insurance provider can also refuse to renew your policy at the end of its life.

Will the car accident affect my credit score?
Your accident and the consequent higher insurance premiums will not affect your credit rating; however, a lower credit score can result in higher monthly premiums, and the reverse is true as well.

Is there any way I can lower my rates after a surcharge?
Implement some or all of these tips to lower your rates:

  • Improve your credit score. Increasing your credit score by paying your bills on time, keeping your credit utilization low and working on paying down your debts can help you earn a lower insurance rate.
  • Increase your deductible. If your insurance premiums have become unaffordable, you may want to increase your deductible. It will mean paying more out of pocket if you are involved in another accident, but you’ll be able to lower your monthly premiums to a more affordable rate.
  • See if you qualify for any discounts. Lots of car insurance companies offer rate discounts for customers who qualify for a specific criteria, such as a multi-policy discount for bundling different kinds of insurance policies, or a good student discount for students who maintain a high academic average in school.
  • Shop around for another policy. If you can’t find a way to lower your premiums, you can look into rates being offered by other carriers. With a bit of research, you might find a provider offering a much better rate for the same amount of coverage.

Your Turn:
Have you recently been involved in a car accident? Tell us how your insurance premiums were affected in the comments.

Learn More:
bankrate.com
carinsurance.com
thesimpledollar.com
moneyunder30.com

What Does Your Car Insurance Really Cover?

Deciphering car insurance coverageCar Insurance registration form
Car ownership involves purchasing auto insurance. But what circumstances does it protect you against? What does car insurance not cover? Discover the ins and outs of car insurance to make sure you have the coverage you need.

Collision coverage
According to Barbara Marquand, contributor at Nerdwallet.com, this type of insurance protects you during a car accident with either another car or an object. It also covers you if your car flips over and suffers damage.

Comprehensive coverage
This type of insurance is usually sold together with collision coverage, as a package. Comprehensive coverage protects you from harmful incidents not related to car accidents. Per Esurance.com, it covers damages incurred from storms, falling objects, vandalism and collisions with animals like deer.

Liability coverage
In the case of an accident with another car, this type of coverage goes towards paying for the person’s injuries and any car damage incurred.

Liability coverage is usually expressed in three numbers, as Marquand states. For example, a 100/300/500 liability coverage means it will pay a maximum of $100,000 bodily injury per person, $300,000 bodily injury per accident and $50,000 property damage per accident.

Each state varies in the minimum liability insurance that they require; check your state’s requirements before purchasing car insurance to make sure you comply with this standard.

Personal injury coverage
Even if you have health insurance, it’s wise to opt for a car insurance policy that includes personal injury coverage. It covers the medical bills for you or passengers in your car in the case of an accident. If the accident proves fatal, this insurance covers funeral expenses.

Personal injury coverage can be broken down into two subcategories: medical payment coverage or personal injury protection. Some states require one or the other policy, so check your state’s requirements before purchasing this type of insurance.

Uninsured motorist coverage
This insurance protects you if you have an accident with someone who is uninsured or underinsured. It covers your medical expenses if the other driver doesn’t have insurance. If the other driver’s insurance covers only some of your medical bills, then uninsured motorist coverage will pay the difference.

According to Christina Couch, contributor for Bankrate.com, some states have more uninsured drivers than others. In Mississippi, for example, one in three drivers is not insured. If you’re on the fence about whether or not to purchase this insurance option, find out what the statistic is for your state.

Circumstances not typically covered
Although collision and comprehensive car insurance policies can shield you from a wide variety of circumstances, there are some situations that they will not cover.

As Couch notes, car insurance usually won’t cover you for items that are damaged or stolen from your car. For instance, it would cover features that came with your car when you first bought it, such as the radio or CD player. However, it would not cover any gadgets or personal items that were in your car.

Car insurance usually will not cover drivers who are living with you, unless they are specifically listed on your car insurance policy. So this insurance would not cover an out-of-the-house friend or relative who borrowed your car.

Towing and roadside maintenance are two other services that car insurance typically will not cover. However, many insurance companies offer these services as available add-ons to your overall insurance package.

Equipped with this knowledge, you can have peace of mind knowing what each type of car insurance coverage means and exactly what circumstances your policy protects you from.

Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.

Does Gender Impact Auto Insurance Rates?

A few facts you need to know

If you drive a vehicle, as most people do, auto insurance is a fact of life. And everyone is continuously looking for ways to cut their rates. But there are some interesting facts that you may not know when it comes to gender and its impact on those rates.

Car insurance rates are based on various factors, including your age; the make, model and year of your vehicle; and both your driving history and driving record. Location is also crucially important, with insurance rates varying greatly by state. But gender can also impact your rates, with women generally paying less than their male counterparts. While this may seem unfair on the surface, when you dig a bit deeper you’ll see there’s a rationale behind this decision as well.

The Insurance Institute for Highway Safety notes that “Many more men than women die each year in motor vehicle crashes. Men typically drive more miles than women and more often engage in risky driving practices including not using safety belts, driving while impaired by alcohol, and speeding. Crashes involving male drivers often are more severe than those involving female drivers.”

A 2015 study from InsuranceQuotes found that a 20-year-old male will pay just over 20 percent more than a 20-year-old female. “At the end of the day, young men are less cautious, riskier, more distracted drivers,” the study notes.

According to a 2015 article in the Huffington Post, there are three states (Massachusetts, North Carolina and Hawaii) that don’t allow gender to play a role in the setting of insurance rates. Pennsylvania, Michigan and Montana apply the same set of rating factors to both men and women, so there’s no difference in rates in those states either.

There are a few things you can do to alleviate the insurance burden you’re facing; this is especially true for younger drivers who may feel the heaviest crunch of high insurance costs. There are good student discounts of around 20 percent for students who maintain at least a 3.0 GPA and take part in a Driver’s Ed course. If you don’t drive a lot, you can also consider a pay-as-you drive policy that factors in how far, how well and how often you drive. Making fewer small claims and shopping around to compare pricing can also keep your premiums low.

There are many things to consider when it comes to auto insurance rates, but the most important thing you can do is speak to your insurance representative and ask about the best ways for you to save. If you do your homework, you may be able to save big.

Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.

How the Type of Car Impacts Auto Insurance Premiums

What you drive affects how much you pay for insurance

When you’re buying a vehicle,CarTypeInsure_Featured there are many aspects to consider — comfort, fuel economy, technological features. — but one consideration that is often overlooked is potential auto insurance rates. And this oversight could be a very costly one, depending on the vehicle.

There are a variety of factors that go into determining a car insurance premium, even when it comes down to the vehicle type itself.

Size – It’s a common misconception that smaller cars often have lower insurance rates due to the fact that they have better maneuverability and ability to avoid a potential accident. In actuality, the opposite is true.

“Statistics prove smaller, sportier cars are driven at higher rates of speed by younger, riskier drivers. Because they’re involved in more accidents, they’re more expensive to insure,” reports Kelly Blue Book’s website KBB.com.

Does that mean larger vehicles like trucks and SUVs are cheaper to insure? Not necessarily. Bigger vehicles mean there is a larger potential to cause damage to other vehicles in the event of an accident, which inflates liability costs.

Price/status – KBB.com states that the cost of a vehicle is the first and primary consideration for most insurance companies when setting the price of the policy. Insurers’ rationale is typically that the more expensive the car, the more expensive it is to repair — namely when it comes to replacing parts, especially on foreign luxury vehicles, or when an entire vehicle is “totaled.”

Engine size – Speed comes back into play here, as the more horsepower a motor has, the more likely the car will be driven faster, leading to a higher risk of accidents. If motor size is not an important factor to you when choosing a vehicle, KBB.com recommends opting for a vehicle with less horsepower.

Likelihood of theft – This factor is somewhat arbitrary, as there can be any number of reasons cars get stolen, from overall desirability to demand for rare parts or even demand for common parts. Unfortunately, it’s those more desired vehicles that can carry with them higher insurance premiums.

The National Insurance Crime Bureau’s (NICB) most recent Hot Wheels report chronicles the most stolen vehicles in the United States. Honda Accord and Honda Civic were the top two most frequently stolen, respectively, in 2014. The list was also inundated with sporty imports due to their high desirability and to the fact that many are convertibles, and soft tops are relatively simple to break into.

Age – When it comes to used versus new in the fight for lower insurance premiums, you may be surprised that there is no clear-cut answer. It’s commonly believed that new vehicles will just cost more due to the fact that they’re new, but the advanced technological safety features and structure of new vehicles drive down those costs. Cars can now more easily avoid accidents before they occur and can also better protect their occupants if an accident does happen.

On the other hand, used vehicles aren’t always cheaper, due to their likelihood of theft.

“Newer cars may be more desirable but are actually targeted for theft far less often, as they are often equipped with anti-theft devices and GPS tracking systems,” auto information research site DMV.org discloses. “Also, car thieves tend to target older cars because they can easily disassemble them and sell their parts for profit.”

With so many varying factors affecting insurance rates, you are not likely to find one single vehicle with the lowest possible premiums. Instead, speak with your insurance provider for more information and guidance.

Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.

How Car Insurance Varies by Location

Where premiums are highest and lowest, and why

If you’ve lived in differentCarInsurance_Featured states or regions of the country throughout your life, you may have noticed something about your cost of living — the price you pay for your auto insurance varies drastically by location. These differences are not arbitrary, however; several factors go into determining insurance rates:

Legal environment – “Next time you’re in your car driving down the road, take a look at the billboards. Do you see a lot of ads for what are known as ‘ambulance chasers?’” queries Gigi Douban of Marketplace.org.

Robert Hoyt, a risk management and insurance professor at the University of Georgia, explains that rates are higher in areas where residents tend to sue each other often, thus creating an ideal environment for lawyers who specialize in cases seeking damages for personal injury. Insurance companies track litigation rates, how often juries award for damages and other factors when setting insurance rates in any given area.

State laws – Varying insurance regulations also contribute to the difference. Hoyt says that in his experience, states in which drivers have the highest auto insurance costs are the no-fault states, meaning the insurance company covers your injuries in those states.

Population density – People in urban areas tend to pay more for car insurance. “The more cars, the more accidents that happen,” explains Laura Adams, senior analyst with InsuranceQuotes.

Other sociopolitical factors – The level of competition among insurance providers is another factor that is taken into consideration; think of it as supply and demand.

Also, Forbes reports that rates are costlier in states that have a higher-than-average percentage of uninsured and underinsured motorists (largely because of economic reasons) who cause crashes for which they aren’t covered and can’t pay. One other way prices can vary by state is if you are in an area prone to storms and thus storm damage. Rates increase if there was severe weather the previous year that produced more claims than normal the year before that.

Put into practice
A 2015 report from InsuranceQuotes shows that drivers from North Carolina, Wisconsin and Maine pay the least for auto insurance. North Carolina’s rates run 41 percent less than the national average, while Michigan’s rates are more than double that average.

According to Insure.com, Falmouth, Maine, has been known to boast the lowest premiums in the country, a fact largely accredited to relatively low traffic density, active competition among carriers, low crime rates and the absence of recent natural disasters.

“Many of these problems are outside the control of drivers,” says Amy Danise, editorial director of Insure.com. “But even if you live in an expensive state, you can hold down your insurance costs by keeping your driving record as clean as possible and selecting a car that is cheap to insure.”

Whether it’s automotive or anything else, stop by today to see if we have any insurance products that can be of assistance to you.

Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.

What You Should Know About Car Rental Insurance

Factors to consider before, during and after renting a vehicle

Last year, automobilebankingon_e_a003034760 rental was a $24-billion-plus industry, according to Auto Rental News. Needless to say, a lot of people are renting cars. But do these individuals know what they should about the insurance they need for rental cars? Read on.

Properly preparing for a trip to the rental car counter sounds silly, but research is important! You wouldn’t want to make costly mistakes like purchasing coverage that you don’t need, or worse, not purchasing coverage that you do need!

There are, however, a few things you need to consider before you even rent the car. First, states have minimum age requirements for renters, and most major rental car companies won’t rent to someone under the age of 21. The younger the renter, the higher the rental rates. Additionally, some rental companies look into credit history and driving record before car pickup, so it helps to know if that is the case ahead of time.

Calls to Make
According to the Insurance Information Institute (I.I.I.), the first step anyone attempting to rent a car should take is to call your insurance company.

“Find out how much coverage you currently have on your own car. In most cases, whatever coverage and deductibles you have on your own car would apply when you rent a car, providing you are using the car for recreation and not for business,” the I.I.I. recommends. “If you have dropped either comprehensive or collision on your own car as a way to reduce costs, you will not be covered if your rental car is stolen or damaged in an accident.”

Insurance companies may also pay for administrative fees, loss of use or towing charges, as well. However, in most states, diminished value is not covered by insurers, so make sure to ask all the right questions.

Credit card companies also offer insurance benefits at times, but it always differs by company and/or bank issuing the card and the type of card. Other cars or property and personal belongings are not usually covered, but damage to or loss of the rented vehicle may very well be. Likewise, some cards cover personal liability coverage for bodily injury or death claims, but most do not – same with towing coverage, diminished value and administrative fees.

Policies are always changing, so call the toll-free number on the back of the card to find out exactly what kind of coverage is available to you. If you have multiple credit cards, call around to find out which offer is best. Request that the credit card company send you their coverage information in writing, if you do decide to depend on a credit card for insurance protection, instead of that from an insurance company. You may need that confirmation when picking up the vehicle. With all that being said, credit card benefits are usually secondary to the insurance offered by the rental car company or your personal insurance protection.

Types of Insurance
Insurance is regulated at the state level, so coverage and costs will vary. However, coverage options are generally similar nationwide:

Loss Damage Waiver (LDW)
An LDW is not technically a type of insurance. It is, however, a document that will relieve renters of financial responsibility if their rental car is damaged or stolen. These waivers may or may not provide towing and administrative fees and coverage for “loss of use,” in the event the rental car company charges the renter for the time a damaged car cannot be used because it is being fixed. Keep in mind that the waivers are voided if an accident is caused by speeding, driving on unpaved roads or driving while intoxicated. If, upon checking with your current insurance company, you deem the LDW necessary, it usually costs between $9 and $19 a day.

Liability Insurance
The state-required amount of liability insurance that is lawfully required to be provided by rental companies doesn’t provide much protection. Usually sticking with your own liability insurance will suffice, but supplemental insurance through the renter will run between $7 and $14 a day. A more cost-effective option may be to elect an umbrella liability policy.

“Umbrella liability insurance is so named because it acts like an umbrella, sitting on top of your auto and homeowners (or renters) liability policies to provide extra protection including accidents while driving your own car or one that you rent,” states the I.I.I.

For a million dollars’ worth of coverage, these policies typically cost $200 to $300 per year.

Personal Accident Insurance
This protection usually costs around $1 to $5 a day, and is used to cover medical and ambulance bills for injuries you or your passengers sustain in a car wreck. Current health or auto insurance may already cover this, as well, so be sure to check.

Personal Effects Coverage
This is insurance for the items in your car in the event of their theft. Through the rental car company, this coverage costs between $1 and $4 a day, but it’s not necessary if your current homeowners or renters policy includes off-premise theft coverage. Similarly, a “personal articles floater” under your homeowner’s policy protects valuable items such as jewelry and musical equipment both at home and while traveling.

Yes, there seems to be countless things to think about before renting a car, but if you do your homework, you can save yourself a lot of money that adds up during a trip. As a side note, keep in mind that there are special considerations for renting vehicles abroad, regarding both insurance and other factors, like needing an international driver’s license.


Used with Permission. Published by IMN Bank Adviser
Includes copyrighted material of IMakeNews, Inc. and its suppliers.