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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? Yes, it's basically insurance against having to use your own auto insurance. Probably the $95 is far less than the increase in rates you'll incur with a claim, though still probably not a good wager in terms of likelihood of a claim. When I had a Discover Private Issue I used it for car rentals, as well as because it had a very good cashback program (2%), but $95/year for Diner's Club is too much, IMHO. |
#12
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Collision damage insurance with auto rental
On Fri, 17 Aug 2007 07:50:08 -0700, SMS
wrote: 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? Yes, it's basically insurance against having to use your own auto insurance. Probably the $95 is far less than the increase in rates you'll incur with a claim, though still probably not a good wager in terms of likelihood of a claim. When I had a Discover Private Issue I used it for car rentals, as well as because it had a very good cashback program (2%), but $95/year for Diner's Club is too much, IMHO. Not if you also travel a lot like I do. They have a bunch of fee free airport lounges as well, so between the two, it's a very good bet which is why I have one. |
#13
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Collision damage insurance with auto rental
"Rowen" wrote in message news:f5Nwi.62336$fJ5.32096@pd7urf1no... 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. Foreign renters typically do NOT get coverage from either their credit cards or home auto insurance, personally I purchase cover from AMEX as part of my annual travel cover but most Brits take out CDW rather than bear the risk personally. Keith |
#14
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Collision damage insurance with auto rental
"John Kulp" wrote in message ... On Fri, 17 Aug 2007 07:50:08 -0700, SMS wrote: 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? Yes, it's basically insurance against having to use your own auto insurance. Probably the $95 is far less than the increase in rates you'll incur with a claim, though still probably not a good wager in terms of likelihood of a claim. When I had a Discover Private Issue I used it for car rentals, as well as because it had a very good cashback program (2%), but $95/year for Diner's Club is too much, IMHO. Not if you also travel a lot like I do. They have a bunch of fee free airport lounges as well, so between the two, it's a very good bet which is why I have one. For the *frequent* traveller some things do make sense that wouldn't for just the occasional traveller: Diner's Club is but one of many examples. |
#15
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Collision damage insurance with auto rental
In article ,
SMS wrote: 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? Yes, it's basically insurance against having to use your own auto insurance. Probably the $95 is far less than the increase in rates you'll incur with a claim, though still probably not a good wager in terms of likelihood of a claim. When I had a Discover Private Issue I used it for car rentals, as well as because it had a very good cashback program (2%), but $95/year for Diner's Club is too much, IMHO. Its also useful for those who don't own a car or an auto insurance policy and who drive only rental cars when the need arises. |
#16
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Collision damage insurance with auto rental
On Aug 17, 3:35 pm, "Keith Willshaw"
wrote: Foreign renters typically do NOT get coverage from either their credit cards or home auto insurance, personally I purchase cover from AMEX as part of my annual travel cover but most Brits take out CDW rather than bear the risk personally. I'm a foreign renter (Canada). My insurance will cover liability to $1M, but to be honest, I'm not 100% how that affects my rental. They don't cover CDW because I don't even have that on my own car, so I can't add the rider for rental cars. I do have a MasterCard with a $99 annual fee for auto insurance on rentals and medical for trips up to 31 days. Most rental companies don't allow more than 28 day rentals anyways, so it works out okay. I need the medical more than anything as that's around $3 per day with some insurance providers (and one or two trips per year will be enough to justify the $99 annual fee). Not to mention the fee itself is cheaper than CDW on a one week rental in some cases. I do purchase Extended Protection or Supplemental Liability Insurance (damage to the other car), since to the best of my knowledge, CDW on my credit card does not cover that. They also don't cover the other party's medical expenses should that be a situation. In the US where health care is not universal, I do not want to be sued and lose my house paying for someone's medical. After all, accidents happen, they're called accidents for a reason, if I knew it was going to happen I'd avoid it, but we often can't do that. (I've never been in a single accident, but don't want bad luck to make my first one a bad one...) I also want to have CDW mostly to protect myself against paying for dings in the parking lot. Someone did $1500 in damage to my driver side door outside where I work, and I can't even claim since I didn't see how did it. I'd hate to have to pay for that on a rental. At least on my car, I don't care that much since the car is only worth $2000 now. S. |
#17
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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? Steven Scharf: Yes, it's basically insurance against having to use your own auto insurance. ... Shawn Hirn: Its also useful for those who don't own a car or an auto insurance policy and who drive only rental cars when the need arises. No, in that case it makes no difference whether the credit card insurance is primary or secondary. -- Mark Brader, Toronto | "I don't have a life; I have a program." --the Doctor | (Michael Piller, Star Trek: Voyager, "Tattoo") |
#18
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Collision damage insurance with auto rental
Mark Brader wrote:
No, in that case it makes no difference whether the credit card insurance is primary or secondary. Right, and it's rather unfair in that regard. The person with no personal car, or at least no personal insurance, gets a better deal. |
#19
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Collision damage insurance with auto rental
Interesting to read everyone's different views on this .
I use ATT Gold Card which picks up $10,000 of damage after any coverage that I might have. Since I have no collision protection on my own car ( 98 Toyota) ATT is only protection I have. I am making a conscious decision each time that if more than $10,000 of damage to rental vehicle I'm on the hook for the balance, but ( luckily) never had any incidents so saved quite a bit. Of course if I total a 18,000 car then I'm out $8,000 after AT&T's 10,000 payout. Someone earlier mentioned California proof of insurance. I have rented in CA every previous year (but not this year), done as above, and never had to show anything ... is that something new this year ?? Bobb "Sapphyre" wrote in message oups.com... On Aug 17, 3:35 pm, "Keith Willshaw" wrote: Foreign renters typically do NOT get coverage from either their credit cards or home auto insurance, personally I purchase cover from AMEX as part of my annual travel cover but most Brits take out CDW rather than bear the risk personally. I'm a foreign renter (Canada). My insurance will cover liability to $1M, but to be honest, I'm not 100% how that affects my rental. They don't cover CDW because I don't even have that on my own car, so I can't add the rider for rental cars. I do have a MasterCard with a $99 annual fee for auto insurance on rentals and medical for trips up to 31 days. Most rental companies don't allow more than 28 day rentals anyways, so it works out okay. I need the medical more than anything as that's around $3 per day with some insurance providers (and one or two trips per year will be enough to justify the $99 annual fee). Not to mention the fee itself is cheaper than CDW on a one week rental in some cases. I do purchase Extended Protection or Supplemental Liability Insurance (damage to the other car), since to the best of my knowledge, CDW on my credit card does not cover that. They also don't cover the other party's medical expenses should that be a situation. In the US where health care is not universal, I do not want to be sued and lose my house paying for someone's medical. After all, accidents happen, they're called accidents for a reason, if I knew it was going to happen I'd avoid it, but we often can't do that. (I've never been in a single accident, but don't want bad luck to make my first one a bad one...) I also want to have CDW mostly to protect myself against paying for dings in the parking lot. Someone did $1500 in damage to my driver side door outside where I work, and I can't even claim since I didn't see how did it. I'd hate to have to pay for that on a rental. At least on my car, I don't care that much since the car is only worth $2000 now. S. |
#20
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Collision damage insurance with auto rental
"- Bobb -" schrieb
I use ATT Gold Card which picks up $10,000 of damage after any coverage that I might have. My VISA Gold covers almost everything but damage to my (own or rental) car. Most of the time I opt for CDW when I rent. Makes me sleep better when I'm on holiday :-) "Sapphyre" wrote in message Most rental companies don't allow more than 28 day rentals anyways Of course they do. Check for 'long term rental' on their websites. You can't book that on the 'normal' reservations pages because special rates apply. Jochen |
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