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car rental insurance

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  1. zaurg zaurg is offline

    Delray Beach, FL
    United States

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    Jun 3rd, 2008 (6/3/2008 3:16pm)

    do you purchase insurance from the rental company? why or why not?
  2. palmerjoe palmerjoe is offline

    United States

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    Jun 3rd, 2008 (6/3/2008 3:19pm) in reply to zaurg

    never. Covered by my credit card.
  3. Dedonkefy Dedonkefy is offline

    Philadelphia, PA
    United States

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    Jun 3rd, 2008 (6/3/2008 3:26pm) in reply to zaurg

    the only reason you should ever purchase the car rental insurance is if you yourself do not have your own car insurance. When I was taking SEPTA (public transit) and rented a car i got the insurance since I did not have my own to fall back on.

    Using your credit card and God forbid anything were to happen you, you are able to use your own insurance policy that exists. Getting car rental insurance and having your own sounds way too much like double taxation to me.

    Cliffnotes:
    Car rental insurance unnecessary if you have your own insurance policy already
  4. zaurg zaurg is offline

    Delray Beach, FL
    United States

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    Jun 3rd, 2008 (6/3/2008 3:30pm) in reply to Dedonkefy

    ok i think i need to contact Progressive to see if that's covered on my policy
    Thread Starter
  5. Willywoo Willywoo is offline

    Colorado Springs, CO
    United States

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    Jun 3rd, 2008 (6/3/2008 3:34pm) in reply to zaurg

    Check with your company to make sure you are covered in a rental car. Most policies do cover you but there may be an exclusion.

    Collision Damage Waivers are very expensive and usually unnecessary.
  6. Dedonkefy Dedonkefy is offline

    Philadelphia, PA
    United States

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    Jun 3rd, 2008 (6/3/2008 3:37pm) in reply to Willywoo

    yes def check for the exclusions, very rare but best to know in advance "just in case shit happens" which is synonomous with insurance
  7. El Burro El Burro is offline

    Dallas, TX
    United States

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    Jun 3rd, 2008 (6/3/2008 3:41pm) in reply to zaurg

    Total scam. Most people who rent are probably already covered twice (credit card used to rent and auto policy coverage).
  8. time4badbeat time4badbeat is offline

    WI
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    Jun 3rd, 2008 (6/3/2008 4:00pm) in reply to Dedonkefy

    What about collision/comprehensive? I'd imagine your insurance would cover liability but I highly doubt it'd cover the actual value of the rental car.
     
  9. kapper27 kapper27 is offline

    Las Vegas, NV
    United States

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    Jun 3rd, 2008 (6/3/2008 6:18pm) in reply to zaurg

    Hey people,

    I was a manager with enterprise rent-a-car for 4 years and here is what I have to say on this subject.
    1<sup>st</sup> – not all credit cards cover rentals. AMEX and Gold Capital One maybe. The rest require you to pay upfront for all damages and they reimburse you. Many stipulations also that you have to be paying in full for the rental on that credit card, no body shop or insurance can be paying any part of it or they deny your claim. They will do a lot to try and not pay trust me. 2 – you are still responsible for a deductable to either the rental company or insurance and it will go on your record. With the rental waiver it is a walk away policy. No claim or anything. If you have a crappy insurance company you still may come out of pocket some how. Final – If you are only having the car for a few days, go with it. I promise you in the long run it is a good idea, anything over that I would say if you can afford the deductable and have decent insurance then waive it and take your chance. I live in Vegas and the drivers suck trust me.
    gl
  10. BlueBlah BlueBlah is offline

    Traverse City, MI
    United States

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    Jun 3rd, 2008 (6/3/2008 6:39pm) in reply to kapper27

    it's true. i was on a trip to marquette one time in a rental and took the coverage cause it was only 3 days. i have a 500 deductible and a good record. i was rear ended traveling through escanaba and when i came back i gave them the keys, told them what happened, and they dealt with it.

    if i had declined, i would have been out 500 bucks and had a claim on my clean policy.

    it was worth the 50-60 extra for the piece of mind.

    and to the guy who said it was doubling up insurance, that is only the case if you have a 0 deductable and a claim won't put your premiums at risk.
  11. El Burro El Burro is offline

    Dallas, TX
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    Jun 3rd, 2008 (6/3/2008 6:46pm) in reply to BlueBlah

    Good info. If the price is worth the peace of mind and protection for some people, it can't be all bad.

    I was basing my 'doubling up' statement based on my insurance and CC. My insurance agent told me specifically not to get it because I'm covered (State Farm); also mentioned in my cardholder agreement, but I don't remember the precise terms.
  12. BigGunX BigGunX is offline Mr OT Party

    Williamsburg, VA
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    Jun 3rd, 2008 (6/3/2008 6:51pm) in reply to El Burro

    El Burro knows nothing.
     
  13. El Burro El Burro is offline

    Dallas, TX
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    Jun 3rd, 2008 (6/3/2008 6:54pm) in reply to BigGunX

    I know what it's like to dance like no one has ever watched me get hurt before.
  14. BlueBlah BlueBlah is offline

    Traverse City, MI
    United States

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    Jun 3rd, 2008 (6/3/2008 6:56pm) in reply to El Burro

    that really suprises me that an agent would tell someone not to get it.

    if i ran an insurance company, my goal would be to increase my bottom line by collecting insurance payments, and not paying out claims. telling your customer to not take rental insurance is silly because thats basically saying "i WANT to pay for damages on a rental car that is checked in each time it returns"

    it's not like we check our personal cars for infintessimal damage each time we get home and make mandatory insurance claims for chipped windshields, shopping cart dents, and broken taillights, right?

    so if i own an insurance company, i would tell all my customers to take rental coverage and not fuck with my bottom line.

    sorry, the business logistics of that sent me on a tangent.
  15. Willywoo Willywoo is offline

    Colorado Springs, CO
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    Jun 3rd, 2008 (6/3/2008 7:09pm) in reply to BlueBlah

    On the other hand, it would be bad for business to recommend something to your client that he doesn't need and he finds out later that you were putting your own interests ahead of his.
  16. BlueBlah BlueBlah is offline

    Traverse City, MI
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    Jun 3rd, 2008 (6/3/2008 7:14pm) in reply to Willywoo

    "yes mr. smith, if you go with their coverage and the vehicle is damaged, then you won't have to file a claim through us and pay your deductable, it's your choice"

    i think telling them to refuse it without telling them what it does is worse than this. but like i said, if you have a 0-100 deductable and premiums aren't at risk, then you prob won't see much benifit in it.
  17. El Burro El Burro is offline

    Dallas, TX
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    Jun 3rd, 2008 (6/3/2008 7:19pm) in reply to Willywoo

     
    Originally Posted by Willywoo View Post

    On the other hand, it would be bad for business to recommend something to your client that he doesn't need and he finds out later that you were putting your own interests ahead of his.

    Well said.
  18. BlueBlah BlueBlah is offline

    Traverse City, MI
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    Jun 3rd, 2008 (6/3/2008 7:26pm) in reply to El Burro

    i agree too. like i said, if you have a 0 deductable and good standing, no reason to tell them to take waiver.

    but i would be pissed as fuck if my agent told me not to take it, i got in the situation i was in, and ended up paying 500 and filing a claim. i would drop their service instantly.

    i hope that makes sense
  19. Willywoo Willywoo is offline

    Colorado Springs, CO
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    Jun 3rd, 2008 (6/3/2008 7:31pm) in reply to BlueBlah

    If you are willing to pay a car rental company to effectively reduce your deductible to zero, why are you not willing to pay your insurance company to reduce your deductible to zero?

    When you are driving a rental car, your deductible is the same as if you were driving your own car. I still don't get it. The chances of you causing damage to the rental are the same as you causing damge to your own car. The risk doesn't change so why pay extra?

    As for your situation, someone hit you. If he had insurance, your insurance is not relevant. There should be no claim on your policy. If he did not have insurance, your uninsured coverage would kick in, with no deductible.
  20. badatook badatook is offline

    Saint Louis, MO
    United States

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    Jun 3rd, 2008 (6/3/2008 7:33pm) in reply to BlueBlah

    I am an auto adjuster for a large insurance company. Anytime our customers rent a vehicle to replace (even if only for a day) their insured vehicle, all of their coverages transfer over to the rental vehicle. So basically if you are driving a rental it is just like you were driving your car. However, your deductibles would apply to any accident or damage. And if you are ever driving a rental car and someone rear ends you please make sure that the rental company calls the claimants insurance company and not yours. Sometimes the rental companies file a claim under both policies and try to get paid twice.
  21. Willywoo Willywoo is offline

    Colorado Springs, CO
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    Jun 3rd, 2008 (6/3/2008 7:39pm) in reply to badatook

    ^ He said it better than I did.
  22. MBus28 MBus28 is offline

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    Jun 3rd, 2008 (6/3/2008 8:13pm) in reply to Willywoo

    The rental insurance also protects you from paying loss of use....

    say you jack up the rental, now the company needs to get it fixed....while being fixed it obv cannot be rented to generate revenue...

    guess who they come to in order to make up that lost revenue...

    ...you
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