INSURANCE PROTECTION EDITION ONE: 2010 RENTAL CAR COVERAGE






As you have read, a private passenger auto, pickup, or van is rented, coverage applies for both personal and business use, anywhere in the policy territory. Please keep in mind that there is no coverage in vacation spots such as Mexico, Europe, and the Bahamas. Coverage is subject to the deductible and all other policy conditions. A damaged rental car is covered up to the actual cash value (depreciated) of the rental car without regard to what type vehicle you own and insure. There is typically coverage for “loss of rental use” imposed by the rental firm up to $20 per day with that amount increasable by endorsement. Coverage also typically applies for other “administrative charges” imposed by the rental firm. The total of loss of use charges plus administrative charges is subject to a maximum of $600 unless the policy is endorsed to a higher limit. Coverage provided by credit cards varies from card to card and agents should refer questions about coverage provided under the card to the issuing bank. Coverage is generally very limited and it is our strong suggestion that you closely review your credit card company’s ‘coverage’ before relying on it. COLLISION DAMAGE WAIVER: Rental car firms does not sell insurance but offer what is called a ‘collision damage waiver’ (CDW). At a cost of $12.99 to $22.99 per day, CDW is costly. As you consider whether to purchase the CDW here are a few items to keep in mind:








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