Car Rental Cyprus Insurance Costs More Than Repairs Do
Car rental Cyprus obtains 40% to 60% of its profits from upselling insurance to tourists who usually purchase "peace of mind" insurance, regardless of whether it makes mathematical sense to purchase it. What You Should Do Before Renting Before purchasing additional insurance: Check if your credit card provides rental car coverage. Review the deductible amount. Inspect the car carefully and document everything. Drive responsibly, especially on narrow village roads. If the worst happens and you return the vehicle in minor damage, you may still come out ahead compared to paying for full coverage upfront. How Car Rental Cyprus Insurance Premiums Exceed Probable Costs Renting a car in Cyprus with full-coverage insurance premiums is much greater than the expected cost of damages; therefore, purchasing this type of insurance is a poor risk-management strategy. Rental car insurance is only meant to cover catastroph...