Is collision damage waiver necessary for collision coverage?
by Guest » Mon Jan 25, 2010 11:09 am
The car-rental company has offered a supplemental collision damage waiver, but the deductible seems way too high! Is it something that we should have now?
Total Comments: 7
Posted: Mon Jan 25, 2010 12:31 pm Post Subject:
In most policies that provide full coverage (check your policy) damage to the rental including collision is covered. Adding additional coverage to the rental agreement is just an added/un-needed expense. Be sure to check your policy as to what is specifically covered. I rent vehicles from time to time depending on were I have to go for an assignment. These rental car companies like to try an swindle you into buying coverage that you already have.
Posted: Tue Jan 26, 2010 11:05 am Post Subject:
These rental car companies like to try an swindle you into buying coverage that you already have.
But, this is certainly one way of preventing the car-rental company from collecting higher deductibles from you.
Yes, it brings down the deductible and you'd just need to pay for the lowered amount. Car rental companies would offer CDWs at a cheaper price when you're booking your car rather than when you're picking it up.
Posted: Wed Jan 27, 2010 09:16 am Post Subject:
Certain credit card companies are also offering collision coverage with a 'zero' deductible. These plans are pretty much worthy of the CDWs offered by your car rental co. You may not accept the rental company's CDW if you'd pay a car rental using a credit card which provides such coverage.
Posted: Wed Jan 27, 2010 12:29 pm Post Subject:
But, this is certainly one way of preventing the car-rental company from collecting higher deductibles from you.
They wouldn't be collecting anything from me if my policy paid for the damage.
Posted: Wed Jan 27, 2010 12:46 pm Post Subject: Collision damage waiver
Car rental agreements usually include cover for collision damage waiver and theft. Go through the terms of the agreement once. If you are already covered, there is no need to to go for the supplement.
Posted: Wed Jan 27, 2010 02:52 pm Post Subject:
Car rental agreements usually include cover for collision damage waiver and theft. Go through the terms of the agreement once. If you are already covered, there is no need to to go for the supplement.
We already covered that. Please read replies to OP's questions before commenting.
Posted: Wed Jan 27, 2010 04:15 pm Post Subject:
The car-rental company has offered a supplemental collision damage waiver, but the deductible seems way too high
I think there might be a mis-quote here. Supplemental to what? If its supplemental to comprehensive and collision coverage under your own policy then there should not be a deductible attached to this supplemental coverage as it would only be addressing the deductible under your own policy.
As I understand it, this coverage would be primary not supplemental. If you already have coverage under your own policy that would apply to the rental then this coverage from the rental company would become primary. But if it has a deductible then your really duplicating the coverage you already have.
Some personal lines carriers won't cover the loss of use rental companies may charge for the time their vehicle is removed from their use. Granted, if the carrier won't pay for it, many rental companies will simply forgo this as part of their claim. But they may hold the renter responsible.
Posted: Mon Jan 25, 2010 12:31 pm Post Subject:
In most policies that provide full coverage (check your policy) damage to the rental including collision is covered. Adding additional coverage to the rental agreement is just an added/un-needed expense. Be sure to check your policy as to what is specifically covered. I rent vehicles from time to time depending on were I have to go for an assignment. These rental car companies like to try an swindle you into buying coverage that you already have.
Posted: Tue Jan 26, 2010 11:05 am Post Subject:
These rental car companies like to try an swindle you into buying coverage that you already have.
But, this is certainly one way of preventing the car-rental company from collecting higher deductibles from you.
Yes, it brings down the deductible and you'd just need to pay for the lowered amount. Car rental companies would offer CDWs at a cheaper price when you're booking your car rather than when you're picking it up.
Posted: Wed Jan 27, 2010 09:16 am Post Subject:
Certain credit card companies are also offering collision coverage with a 'zero' deductible. These plans are pretty much worthy of the CDWs offered by your car rental co. You may not accept the rental company's CDW if you'd pay a car rental using a credit card which provides such coverage.
Posted: Wed Jan 27, 2010 12:29 pm Post Subject:
But, this is certainly one way of preventing the car-rental company from collecting higher deductibles from you.
They wouldn't be collecting anything from me if my policy paid for the damage.
Posted: Wed Jan 27, 2010 12:46 pm Post Subject: Collision damage waiver
Car rental agreements usually include cover for collision damage waiver and theft. Go through the terms of the agreement once. If you are already covered, there is no need to to go for the supplement.
Posted: Wed Jan 27, 2010 02:52 pm Post Subject:
Car rental agreements usually include cover for collision damage waiver and theft. Go through the terms of the agreement once. If you are already covered, there is no need to to go for the supplement.
We already covered that. Please read replies to OP's questions before commenting.
Posted: Wed Jan 27, 2010 04:15 pm Post Subject:
The car-rental company has offered a supplemental collision damage waiver, but the deductible seems way too high
I think there might be a mis-quote here. Supplemental to what? If its supplemental to comprehensive and collision coverage under your own policy then there should not be a deductible attached to this supplemental coverage as it would only be addressing the deductible under your own policy.As I understand it, this coverage would be primary not supplemental. If you already have coverage under your own policy that would apply to the rental then this coverage from the rental company would become primary. But if it has a deductible then your really duplicating the coverage you already have.
Some personal lines carriers won't cover the loss of use rental companies may charge for the time their vehicle is removed from their use. Granted, if the carrier won't pay for it, many rental companies will simply forgo this as part of their claim. But they may hold the renter responsible.
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