Bob D., insurance question...

[wyliec]

I'm renting a vehicle thru U-Haul, and they offer collision insurance b/c they say many insurance companies do not cover those type vehicles. My gf went to State Farm this morning, and they said they'd have to check into that. Do you have any input on the auto coverage I have not carrying over to a transport type of vehicle?

Thanks

 

[cuznjohn]

in renting any car, i always get the insurance. you are responsible for the deductible if something happens. so for me when i rented a Lincoln town car for two weeks, i paid 10 dollars a day for insurance.

 

[bandito]

in renting any car, i always get the insurance. you are responsible for the deductible if something happens. so for me when i rented a Lincoln town car for two weeks, i paid 10 dollars a day for insurance.

A lot of credit cards will cover the deductible if it is used to rent the car. At least mine does. A friend of mine was rear ended by an uninsured motorist while driving a rental car in GA. His CC covered everything. I am not sure about a rented truck however. I know the CC wont cover a rented trailer.

 

[cuznjohn]

i can't remember what happened to me with the deductible, but i do remember that i got screwed for the 500 dollars because my insurance company told me i was covered for the deductible, and someone hit me.

 

[Bob Denman]

Hi Ron,
If you have comprehensive and collision coverage listed for the vehicles on your personal auto policy: that coverage extends to any rented vehicle. :thumbup:

HOWEVER... :shocked:

It's generally considered wise to purchase the Collision damage waiver coverage from the rental agency.
Here's why:
Let's say that you rent a car for a day...
...and it gets into an accident! :yikes:
Your insurance will pay for the damage (less the deductible), and everybody eventually is happy again.:yes:
Until the rental agency disposes of the car (in an auction)...
They get XXX number of dollars for it... and then come back to you, and say, "We should have gotten XX MORE dollars for it. The damage caused by your accident ended up reducing it's residual value.:banghead:"
Now; they've got your credit card held hostage, while your insurance company has to wade back into the fight... :gaah::cus::gaah:
The scenario was actually dreamed up by the rental companies, so that they could sell the Collision Damage Waiver contract to you...
It sux: but it works just the way that they wanted it to! nojoke

 

[mowin]

Hi Ron,
If you have comprehensive and collision coverage listed for the vehicles on your personal auto policy: that coverage extends to any rented vehicle. :thumbup:

HOWEVER... :shocked:

It's generally considered wise to purchase the Collision damage waiver coverage from the rental agency.
Here's why:
Let's say that you rent a car for a day...
...and it gets into an accident! :yikes:
Your insurance will pay for the damage (less the deductible), and everybody eventually is happy again.:yes:
Until the rental agency disposes of the car (in an auction)...
They get XXX number of dollars for it... and then come back to you, and say, "We should have gotten XX MORE dollars for it. The damage caused by your accident ended up reducing it's residual value.:banghead:"
Now; they've got your credit card held hostage, while your insurance company has to wade back into the fight... :gaah::cus::gaah:
The scenario was actually dreamed up by the rental companies, so that they could sell the Collision Damage Waiver contract to you...
It sux: but it works just the way that they wanted it to! nojoke

That's why I use a prepaid CC for any rentals. When done, they can try if they want to charge that card. It's gone.

 

[Bob Denman]

Rob,
SMART move!! :clap: :2thumbs:

 

[SPECTACUALR SPIDERMAN]

Hi Ron,
If you have comprehensive and collision coverage listed for the vehicles on your personal auto policy: that coverage extends to any rented vehicle. :thumbup:

HOWEVER... :shocked:

It's generally considered wise to purchase the Collision damage waiver coverage from the rental agency.
Here's why:
Let's say that you rent a car for a day...
...and it gets into an accident! :yikes:
Your insurance will pay for the damage (less the deductible), and everybody eventually is happy again.:yes:
Until the rental agency disposes of the car (in an auction)...
They get XXX number of dollars for it... and then come back to you, and say, "We should have gotten XX MORE dollars for it. The damage caused by your accident ended up reducing it's residual value.:banghead:"
Now; they've got your credit card held hostage, while your insurance company has to wade back into the fight... :gaah::cus::gaah:
The scenario was actually dreamed up by the rental companies, so that they could sell the Collision Damage Waiver contract to you...
It sux: but it works just the way that they wanted it to! nojoke

bob are you saying 1 or 2 years later if they get rid of the car they will hit you with that accident depreciation?

 

[Chupaca]

Ah ha..!!

So that's why the smerky smile when you say no insurance...:roflblack: I do get it when renting a truck or trailer and it has worked well....

 

[Bob Denman]

bob are you saying 1 or 2 years later if they get rid of the car they will hit you with that accident depreciation?

Yup! nojoke