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Rental car insurance works the same way as regular auto insurance: you pay a certain amount of money in exchange for an insurance company’s agreement to cover losses and claims up to an agreed ...
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
Rental car coverage: Most car insurance policies (with comprehensive and collision coverage) extend to rental cars during repairs, but check your policy for details.
In many countries, it is a legal requirement to have a damage waiver included in the basic car rental rate. Some rental companies also offer liability insurance and coverage of towing charges. Terms and prices vary. Alternatives to the CDW include other car insurance policies, some coverage from credit card issuers (Visa, MasterCard, American ...
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. Most rental car companies offer insurance to cover damage to the rental vehicle.
The American Car Rental Association operates on behalf of the U.S. car rental business by: (a) lobbying on the state and federal level, (b) analyzing and reporting on federal, state and local laws, (c) educating its membership about recent developments in public policy and court decisions, (d) providing appropriate services as needed to support these goals and organizing and (e) participating ...
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