UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next
Author: altoflaco Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 886579  
Subject: Re: car rental Date: 9/25/2000 4:53 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
Car rental companies offer insurance because it is a way for them to make money. If you have not other coverage, you will have to buy (at least some of it) in order to meet legal requirements.

If you don't want to be liable for damage to the vehicle, you might consider the extra insurance that covers the car against all types of damage. When I used to rent cars frequently, I always got the extra coverage. The one time I got hit (while the car was parked in a lot in Vegas; the other driver didn't even leave a note) it more than paid for the times I'd purchased it previously.

You can avoid buying insurance from the rental agency (and still be covered) one of two ways:

1) if you are covered by the insurance policy on your own vehicle; or 2) if you have coverage through your credit card.

In both cases, it is VERY important that you check with your insurance provider/CC to find out EXACTLY what is covered, which vehicles are eligible, for how long, and if additional drivers are covered.

Many CC's have a $1000 deductible on collision coverage (or provide just liability and collision, but not coverage for the car - say in case of theft) so be sure to check. If you are comfortable with the coverage, great, otherwise you can buy additional.

Also, by checking in advance and being certain (say in writing) of what coverage you have, you can minimize your hassles with the rental people.

AF

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement