Car Insurance
Should I get rental car insurance? Am I already covered?(ADVICE: INSURANCE): An article from: Indiana Business Magazine [H] [T] [M]
Jeff Laborsky (Digital) Thomson Gale 2007-01-01
Release date: 2007-02-07
Price:
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Answers
So I am planning to rent a car with a credit card (MasterCard or Visa) with a rental insurance policy benefit and I have full coverage with Geico ($1,000 deductible). My question is if I were to rent a car and decline the CDW or LDW offered by the rental car company and then get into an accident, would Geico pay everything above $1,000, and could I collect the deductible from the credit card policy?
autoinsurance.hotusa.org - try this one. I have their car insurance and, as I know, they can provide such a service.
This video is from the Insurance Information Institute. For more information about insurance, go to the III Web site at www.iii.org
I have a car and have taken Auto insurance for it.
Now my question is if i take a rental car, then my auto insurance policy for my car covers it or i need to take separate insurance for the rental car? When i took the auto insurance policy, they have taken my car details and its present in the insurance card also.
If i need to take insurance for rental car, what type of insurance do i need to take excluding my auto insurance policy coverage that applies to all cars?
Also if i am driving someone else car, will my insurance cover if there is any accident i have made?
When you rent a car, you have to have full coverage on the care that you own (your personal vehicle) and then that will automatically carry over to the rental. If you do not have full coverage you can add it to your existing policy for the amount of time you'll be renting the car OR just buy the insurance from the rental place. And to answer your other question, no your policy will not cover somebody else's car just because you're driving it. Insurance covers vehicles, NOT people, even if you were in an at fault accident, your friend/relative's insurance would have to cover that loss. Try this site to find the best car insurance
http://car-insurance-quotes-usa.blogspot .com/
Here you can get quotes from different car insurance companies in your area, its the best way to find an affordable car insurance with a reliable company.
I have credit cards which say they cover me for rental car insurance when I use the card to make the full payment for the rental. How does that work? Are there any catches? Does it make sense for me to get the additional insurance from the rental agency (like Avis)? If I am in an accident, will the Credit Card insurance cover everything or will it also be charged to my regular car insurance company?
Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell (to Manitobans) a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So, before you rely on your credit card, read the wordings booklet, then talk to you auto insurance agent. Try this site to find the best car insurance
http://car-insurance-quotes-usa.blogspot .com/
Here you can get quotes from different car insurance companies in your area, its the best way to find an affordable car insurance with a reliable company.
I am planning to sell my car and cancel my auto insurance. If I want to rent a car, am I required to buy their rental car insurance, since I wouldn't have any other auto insurance otherwise?
If I use my Discover card to rent the car, Discover will provide me with a Collision Damage Waiver of up to $25,000. Would that count as insurance?
Yes Yes and Yes! It's very important to have rental insurance. Let's say you park the car on the street, and come back and its side swipped. They are going to come after you for it But if you have insurance, it should cover it.
I am renting a car for one month from Hertz. Their insurance is very expensive (at $25 per day, it adds $900 to my costs). I have already asked my credit card company if they offer auto insurance for a rental car. Do you have any suggestions on other options for inusuring a rental car for one month?
I do not own a car, so I do not have any personal auto insurance. This rental will be in the United States.
With the rental company you have two options, take it or refuse it.
Talk to your insurance agent about a rider which would cover any at fault accident you would have with a rental car for a month. They may have suggestions.
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A Fresh Look at Rental Car Insurance
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If you’ve ever rented a car, you’ve been asked if you want to purchase the collision damage waiver to protect you in case of an accident.
The traditional advice has always been to decline this collision damage waiver because it is expensive and is not even insurance. It’s an agreement between you and the rental car company that if the car is damaged you won’t be held responsible.
The reality is that if something happens, the rental car company is likely to hit you up for more than the cost of repairing the vehicle. The rental contract you signed obligates you to pay for all the revenue lost while the damaged vehicle is out of service as well. You may also be charged for the money the car company estimates it will lose when it sells the vehicle.
...How do I claim my deductible and rental car insurance from someone ...
Where can I find the best way for me to get my money back (deductible and rental car costs) from someone who caused the accident, but who’s insurance turns out to not be valid? he is insured with Geico, however when I called them - they said it is likely that there is something wrong with his policy and they may probably not cover the price of the accident. I’m guessing he didnt pay his monthly bill, or something similar which caused them to void his coverage. Can anyone suggest what I need to do to recover my expenses for the accident he caused?
1. Depending on your state, you may be able to collect using small claims court.
2. Otherwise, if you have uninsured/underinsured motorist coverage on your vehicle, you can use that and your insurance will go after her.
...News
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You need to make sure you are protected and know how to answer the rental car rep when they ask you if you wish to purchase the rental car insurance. and more »