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Car Insurance in the Cayman Islands

August 24, 2015 by · Leave a Comment 

Written by: Andy’s Rent-A-Car

A majority of tourists book a Grand Cayman Island car rental for their transportation needs. Driving in the Cayman Islands can be tricky, especially when the rules of the road vary from other countries. Tourists flock to Cayman expecting the island to be similar to the states, but the traffic rules and roads are different. A vital purchase for all car renters is car rental insurance.

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Types of Insurance

All car rentals in Grand Cayman offer car rental insurance with different options to choose from. Depending on your needs, deciding which type of insurance best suits you and your family is crucial for a fun and safe trip. There are three types of coverage for rental insurance. Keep these in mind when look for car rental insurance.

  • Full Coverage – Only available to drivers aged 26 and over. The Full Coverage plan covers damages accrued to the rented vehicle during the rental contract.
  • Deductible Coverage – This coverage is available to drivers 21 and over. With a $2,400 deductible, it covers damages to the rented vehicle. In case of damages to the rented vehicle, you are required to pay up to a total of $2,400.
  • Third-Party Liability Coverage – This coverage is available to drivers 21 and over. Like all three options, this coverage also covers 3rd-Party vehicle and property damages up to $300,000 and bodily injury for the 3rd-Party of up to $6,000,000.

 

An Alternate Route

If the insurance options at the car rental in Grand Cayman are not to your liking, an alternate option would be to use a credit card. Different credit card companies offer coverage for car rentals. However, like rental insurance, credit card insurance has rules as well.

 

Certain credit cards will cover from $25,000 – $75,000 worth of damages. Towing and loss-of-use charges are included. For those not familiar with loss-of-use coverage, the credit card insurance provides you with transportation if the rented vehicle is unable to be driven. Some credit cards may cover up to the actual cash value of the rental vehicle.

 

All credit card companies allow loss damage coverage and do not charge a fee. It is best to check with your credit card company before choosing this insurance option as an alternative to rental insurance.