US Auto Insurance Quotes can help you save hundreds of dollars on auto insurance. According to their page what do you need to provide to get a quote
January 15th, 2012
Collision damage waivers are not insurance and are offered only by the rental car company.If you have personal auto insurance coverage for a vehicle that YOU own, generally your coverages on your own policy (liability, collision, comprehensive, uninsured motorist, etc.) will transfer over to any private passenger vehicle (no U-Hauls) that you temporarily rent.HOWEVER, your auto insurance policy says that it will pay the “actual cash value” of any damage to your vehicle or to replace the vehicle itself if it is totaled, while rental car companies are able to dictate how much they want to charge you for damage to their vehicle.For example, you rent a 2007 Chrysler Sebring with 52,000 miles from ABC Car Rentals and you total it. If you do not purchase the collision damage waiver from ABC and elect to submit a claim to your auto insurance carrier, they will assess the actual cash value of that vehicle at, let’s say, $16,000. ABC will tell you that they want $30,000 for their totaled vehicle. Your auto insurance company will not pay the $30,000, so you’ll end up having to bicker with ABC until the end of eternity about the difference, AND you’ll have a claim on your auto insurance policy. For this reason it might be better to purchase the damage waiver to avoid any problems or claims on your own insurance.DLagent, insurance agent, Florida
Categories: Auto Insurance |
