You would be billed a loss-of-use fee for all damages and repair to the
rental car as well as a fee for every day that the vehicle was not able
to be rented. That can
cheapest and best car insurance add up! A loss-of-use fee is not normally covered
by personal auto insurance policies.
shifts liability for collision damage from you to the car rental company
Ask about the requirements for getting reimbursed.
For example, you may
not be reimbursed if you don't notify the credit card company within a
certain period of time (e.g. 45 days) after the incident.
Collision damage waiver (CDW), also known as "optional vehicle
protection" or "loss damage waiver" (LDW). Loss
cheapest nj car insurance damage waiver means that
if the car is damaged for any reason, you can just walk away without
any liability. This is true even if your own personal auto policy
carries over. This gets you out of paying the deductible that you would
normally have to pay under your own car insurance policy, unless the
waiver itself has a deductible.
If you allow additional drivers who are NOT on your personal auto
policy, you run the risk that if those persons are operating the rental,
they, and the damages they cause, will not be covered.
Ask your
insurance company about this.
If your policy provides minimum coverage, you may need to compute the
value of the loss or damage of a newer
cheapest car insurance new york vehicle (the rental car) and
decide if you need to supplement your coverage. transfers over to the rental vehicle during the time the rental is
utilized by you. Call your insurance agency to make sure.
Certain rental vehicles - Some rental vehicles aren't covered (exotic
cars, camper, pickup trucks, etc.)
cheapest car insurance new drivers
If you are not covered adequately by
your own insurance policy and/or the credit card company, then you might
want to consider the rental agency's options - any insurance
cheapest car insurance for young driver is better
than no insurance. Hindsight is 20/20, and it is always better to pay a
nominal amount per day rather than having to pay thousands of dollars
over years in a payment plan for property damage, or having liens placed
against you for bodily injury damage.
There are a few plans that most
states are required by law to offer:
Find out if your credit card company provides any kind of protection.
Some credit card
cheapest car insurance new drivers companies offer rental car insurance coverage if you
use their card to pay for the rental.
In a foreign country - Coverage may not apply.
Long-term rentals - Coverage may be limited. Most credit card company
plans cover vehicles rented for up to one month.
Personal effects coverage
