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#1
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Collision damage insurance with auto rental
Do many of you buy that? Normally, I decline it. Most of the time I see
asian looking tourists buying it; it is around $30 per day on top of rental charges. For work related travel, my employer recommends it. But I never do, as my credit card has some coverage. The funny thing is, twice I had minor damages to autos. Once, I was asked to fill out an accident report, but I did not have to pay anything in both occasions. Perhaps, that is how rental companies make money. |
#2
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Collision damage insurance with auto rental
In article f5Nwi.62336$fJ5.32096@pd7urf1no, Rowen
wrote: Do many of you buy that? Normally, I decline it. Most of the time I see asian looking tourists buying it; it is around $30 per day on top of rental charges. For work related travel, my employer recommends it. But I never do, as my credit card has some coverage. The funny thing is, twice I had minor damages to autos. Once, I was asked to fill out an accident report, but I did not have to pay anything in both occasions. Perhaps, that is how rental companies make money. Each person's situation is different. For work-related travel, my employer requires we decline that coverage because my employer is self-insured. For personal travel, I also decline that coverage because I get it through my credit card. Many foreigners cannot always get a credit card that offers free rental car insurance. |
#3
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Collision damage insurance with auto rental
For Australians - credit card insurance covers only the deductible, (called
the 'excess' in Australia); and then only for Gold cards and above. Australian comprehensive motor vehicle insurance never covers rental cars - even within Australia. If we organise foreign car rental through Australian travel agents, the rates usually cover all insurance - and are cheaper than if organised directly. "Shawn Hirn" wrote in message ... In article f5Nwi.62336$fJ5.32096@pd7urf1no, Rowen wrote: Do many of you buy that? Normally, I decline it. Most of the time I see asian looking tourists buying it; it is around $30 per day on top of rental charges. For work related travel, my employer recommends it. But I never do, as my credit card has some coverage. The funny thing is, twice I had minor damages to autos. Once, I was asked to fill out an accident report, but I did not have to pay anything in both occasions. Perhaps, that is how rental companies make money. Each person's situation is different. For work-related travel, my employer requires we decline that coverage because my employer is self-insured. For personal travel, I also decline that coverage because I get it through my credit card. Many foreigners cannot always get a credit card that offers free rental car insurance. |
#4
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Collision damage insurance with auto rental
Rowen wrote:
Do many of you buy that? Normally, I decline it. Most of the time I see asian looking tourists buying it; it is around $30 per day on top of rental charges. For work related travel, my employer recommends it. But I never do, as my credit card has some coverage. The funny thing is, twice I had minor damages to autos. Once, I was asked to fill out an accident report, but I did not have to pay anything in both occasions. Perhaps, that is how rental companies make money. I have a rider on my personal car insurance (cost about $40/year) that will cover collision damage on rental cars. Since we travel three-four weeks per year it is a lot cheaper than paying the rental company their outrageous price. I usually bring a photocopy of the policy since some states (at least California, I think) require, by law, that renters have the insurance. -- Seinfeld Lists http://tinyurl.com/f7k9d Sawyer's Nicknames http://tinyurl.com/gowma |
#5
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Collision damage insurance with auto rental
"TheNewsGuy(Mike)" wrote in message ... Rowen wrote: Do many of you buy that? Normally, I decline it. Most of the time I see asian looking tourists buying it; it is around $30 per day on top of rental charges. For work related travel, my employer recommends it. But I never do, as my credit card has some coverage. The funny thing is, twice I had minor damages to autos. Once, I was asked to fill out an accident report, but I did not have to pay anything in both occasions. Perhaps, that is how rental companies make money. I have a rider on my personal car insurance (cost about $40/year) that will cover collision damage on rental cars. Since we travel three-four weeks per year it is a lot cheaper than paying the rental company their outrageous price. I usually bring a photocopy of the policy since some states (at least California, I think) require, by law, that renters have the insurance. The fine print in the rider on my policy for rental vehicles states that collision and comprehensive insurance WITH A $250 deductible per claim is covered. So I decline the rental agency's CDW.. as the most I would have to swallow is $250....along with possible premium increases if more than 1 at fault claim in 5 years occurs. Auto insurance, in Canada, is pretty much regulated at the provincial level. Auto Liability insurance is HEAVILY regulated in Alberta. Comprehensive and collision, to a much lesser degree. -- Seinfeld Lists http://tinyurl.com/f7k9d Sawyer's Nicknames http://tinyurl.com/gowma |
#6
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Collision damage insurance with auto rental
On Thu, 16 Aug 2007 21:10:27 +1000, "A Mate"
wrote: For Australians - credit card insurance covers only the deductible, (called the 'excess' in Australia); and then only for Gold cards and above. Australian comprehensive motor vehicle insurance never covers rental cars - even within Australia. If we organise foreign car rental through Australian travel agents, the rates usually cover all insurance - and are cheaper than if organised directly. I have a gold card, but there are limitations on the cover that provides and when it is active. My travel insurance covered excess, but I still had to take out basic cdw. In some countries, such as Eire, that was twice the price of the rental. Cheers, Alan, Australia -- http://loraltravel.blogspot.com/ latest: Slovenia http://loraltraveloz.blogspot.com/ latest: Mossman Gorge in the Daintree Rainforest |
#7
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Collision damage insurance with auto rental
Shawn Hirn wrote:
Each person's situation is different. For work-related travel, my employer requires we decline that coverage because my employer is self-insured. For personal travel, I also decline that coverage because I get it through my credit card. Many foreigners cannot always get a credit card that offers free rental car insurance. It's interesting to see the different rental rates based on the nationality of the renter. BTW, if you want a credit card where the rental insurance is primary rather than secondary, I think Diner's Club is the only card that still offers this (the old Discover Private Issue offered it, but that card is gone). "Primary Collision Damage Waiver Coverage Your Diners Club Charge Card protects you with automatic primary rental car insurance coverage (when the entire cost of a car rental is charged to your Card). Most credit cards and charge cards offer you secondary insurance." Of course this doesn't come free, Diner's Club has a $95 annual fee. |
#8
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Collision damage insurance with auto rental
Steven Scharf:
BTW, if you want a credit card where the rental insurance is primary rather than secondary, I think Diner's Club is the only card that still offers this... What practical advantage does this offer? Is it just so that if you have an incident, and you have another car insurance policy, you can keep that policy claim-free? -- Mark Brader ...the scariest words of the afternoon: Toronto "Hey, don't worry, I've read all about doing this sort of thing!" -- Vernor Vinge |
#9
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Collision damage insurance with auto rental
Mark Brader wrote:
Steven Scharf: BTW, if you want a credit card where the rental insurance is primary rather than secondary, I think Diner's Club is the only card that still offers this... What practical advantage does this offer? Is it just so that if you have an incident, and you have another car insurance policy, you can keep that policy claim-free? How about if you don't have a car and so don't have "another car insurance policy"? -- -- --John to email, dial "usenet" and validate (was jclarke at eye bee em dot net) |
#10
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Collision damage insurance with auto rental
Steven Scharf:
BTW, if you want a credit card where the rental insurance is primary rather than secondary, I think Diner's Club is the only card that still offers this... Mark Brader: What practical advantage does this offer? Is it just so that if you have an incident, and you have another car insurance policy, you can keep that policy claim-free? J. Clarke: How about if you don't have a car and so don't have "another car insurance policy"? Then the credit-card policy is the only one you have, and in that case it makes no difference whether it's primary or secondary. -- Mark Brader, Toronto "Not looking like Pascal is not a language deficiency!" -- Doug Gwyn |
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