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Look for terms like "rental car reimbursement," "transportation expense coverage," or "loaner car coverage." These are the magic words that signify your policy might have you covered for a loaner ...
Full coverage premiums are based on, among other factors, the value of the insured's vehicle. This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle.
Keep in mind that rental car insurance is not the same thing as rental car reimbursement insurance. Rental car reimbursement coverage is a coverage type on standard auto policies that pays for the ...
Depending on the carrier, other optional coverage types may include roadside assistance, rental car reimbursement, new car replacement and gap insurance. Just like fingerprints are unique, so are ...
a claim in respect of any one casualty where the aggregate claim against all insurers exceeds $500,000 or the equivalent in any other currency prior to adjustment for any franchise or deductible under the terms of the policy, shall, subject to the prior written consent of the Assignee, be paid to the Owner as and when [the vessel] (the "Vessel ...
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
However, once a claim is filed, the claims adjuster will be the one to evaluate the situation and determine coverage. An insurance payout, or claims check, would follow a settlement between you ...
Progressive is one of the largest auto insurers in the United States, with over 13 million policies in force, [13] along with State Farm, Allstate, GEICO, Nationwide Mutual Insurance Company, Farmers Insurance Group, and USAA. Progressive primarily offers its services through the internet, by telephone or through independent insurance agents. [14]