Rental car insurance is a key element of safety and financial protection for drivers in Calgary. This article outlines the legal requirements, types of coverage, and cost optimization strategies using Alberta as an example.
The province of Alberta has clear requirements for auto insurance, which are set out in the Insurance Act:
According to the 2011 amendments to the legislation:
Type | Coverage amount | Source |
---|---|---|
Third-Party Liability | Compensation for damages to third parties | |
Accident Benefits | Medical assistance, rehabilitation, funeral expenses |
Collision Damage Waiver (CDW/LDW)
Supplemental Liability Protection (SLP)
CDW/LDW:
Example: A renter with a Platinum credit card that provides CDW may decline the company's services.
Rental car insurance in Calgary is based on the principle of “mandatory basic + optional additional”. Although CDW/LDW are not legally required, not having them can result in financial losses. The optimal strategy is to:
For business customers in Alberta, SPF #6 Non-Owned Automobile Liability, which covers civil liability for rented cars, is particularly relevant.