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Is insurance company responsible for full coverage insurance on rental?
Wiki User
∙ 14y ago
Answer Car Rental Ins:
EXTRA insurance that you have a choice of taking or opting out of when you sign the rental agreement (by checking and initialing the correct boxes) has been a confusing part of renting for years. It's a big money maker for the rental companies, but it's not always a rip-off. They will try and get you to get extra personal liability,...extra property liability coverage,...a something called CDW.
First, each company must carry liability for their cars that they rent out in every state. So if you're in an accident and it's the other guys fault, his/rental company pays damage. If it's your fault, the rental company pays the other guys damage, but not the damage you've done to the rental.
Second, basically same for personal libility, except if it is your fault, the rental co. personal liab. insurance pays injuries.
Third, always ckeck your own auto policy and credit card agreement (the card used to rent the car), because many times one or the other may offer insurance coverage on your rental. THEREFORE I usually tell people to skip the extra insurance offer by the rental company. They charge per day per type, usually over $10.00 each. By the week that VERY expensive.
Final IMPORTANT note: I've rented a lot of cars and have figued out that the CDW is worth having....WORTH EVERY PENNY. In the first scenierio, if it's your fault, and your credit card provides nothing, or you're using a VISA Debit card....you will owe that rental company ONE car, just like you left the lot with . This is where COLLISION DAMAGE WAVIER (CDW) comes in. (sometime called by a different name). You pay $11 - $ 16 a day extra, EVERYTHING is covered......scratch,.dent,.burn hole in the seat,. food/drink spilled on carpet,.kids write on interior with majic marker....you name it and you DON'T OWE THEM A DIME. AND if you crash it, they give you a brand new one to finish your trip!
Wiki User
∙ 14y ago
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Who is responsible for damage from car wreck in rental car?
If you purchased the rental company's insurance option then the rental company's insurance is responsible. If you did not purchase the insurance option, then YOUR insurance is responsible.
Do you need to buy car rental insurance if you have a sr22?
An SR22 insurance policy is a regular insurance policy with some additional requirements of the insurance company to notify the State Department of Motor Vehicles and restrictions on cancellation. In a rental car situation, the rental car company will carry the liability coverage and physical damage coverage. You are responsible for a deductible for any damage done to the vehicle. I recommend that you purchase their physical damage waiver so you will not be responsible for damages.
Is an insurance company responsible for paying for motorcycle rental while your motorcycle is being repaired after an accident that was the other parties fault?
If the rental coverage is included in your policy, probably. However if the other parties insurance is accepting responsiblity for the damage then I would be asking them for a rental.
Can I use the auto insurance coverage on my for rental car insurance?
Absolutely, your personal insurance can transfer the coverage you have on your personal policy to the rental car thus saving you a good bit of money by not purchasing the coverage from the rental company. But before you do this speak with your agent and make sure your policy will transfer coverage to the rental car and that it has comprehensive and collission coverage to transfer. Many company offer transfer of coverage to the rental car but also there are many policies that do not provide this transfer of coverage. Make sure you have the correct kind. If there is any question, please go ahead and purchase the coverage offered by the rental company. I hope this is of assistance.
Is it a state law in Florida that your insurance company must provide a rental car after an accidentif you have full coverage insurance and hit a deer?
No. By "full coverage," I assume you mean you have comprehensive and collision coverage. This does not include rental. You have to buy a special endorsement on your policy to get rental. Hitting a deer is a comprehensive claim and if you have rental, you will get a rental if the car is non-drivable or when it is in the shops for the repairs. If you did not buy rental, the insurance company does not have to pay. Check your coverages.
Are you responsible for paying your car rental if you were not at fault and the insurance fails to reach a timely agreement with the body shop?
If you have rental insurance with your company they should pay it However if it wasn't your fault and you know who was The other parties insurance should be paying for your rental car while yours is being fixed Sometimes its easier for your own coverage to pay first then they collect back from the responsible party Your rental coverage has limits though on how much they pay Find out from your adjuster what they are
Will the Insurance Company pay for a rental car if the accident is your fault and if you have full coverage ins?
Only if you have bought the extra coverage to have a rental. "Full coverage" usually just means you bought liability, comprehensive, and collision insurance.
Who pays for the damages to your vehicle if a rental car is at fault?
It all depends on whether the renter signed up for the car rental company's extra insurance coverage at the beginning of the rental. If LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver) insurance coverage was accepted by the renter, you will likely be dealing with the car rental company's insurance. If the renter declined the extra coverage, then you will deal directly with the renter's personal insurance provider.
Who pays or is responsible for collision repair when a rental vehicle is involved?
It depends on the rental contract. Car rental agencies usually expect the customer to provide insurance, either through his own auto coverage policy or by adding special coverage through the agency. Coverage may be provided by the agency, but details must be spelled out in the rental contract. More often than not, the customer is responsible for damage to the vehicle, though in the end, the rental company does shoulder most of the risk.
Is an at fault party's insurance company responsible for paying insurance charges for a rental in addition to the rental fee?
No, they do not have to insure your rented vehicle. You have too.
Save Money on a Car Rental?
When you select a car rental for your holiday, be certain to check into the coverage that is offered by your own insurance company before opting to purchase additional coverage from the car rental company. In addition to your own policy, the credit card that you use to book the rental will also offer some coverage on many occasions
Where can you buy equipment rental insurance?
All you need to do is call an insurance broker. They usually offer rented equipment coverage, but they usually are accompanied by a hefty premium. Most equipment rental companies offer insurance for about 14% of the price of the rental. If you are not going to be renting equipment often or in bulk, the company insurance coverage will probably be best for you.
