Quote:
|
Originally Posted by The_Tick
Yes and no.
They cover the damage that is done to the vehicle or the damage that is done to other vehicles.
They do not cover "Loss Damage" and this is where you get bent over.
Let's assume that you rent a car from National for 50.00 a day. You choose to not take any extra insurance on the car. You are fully insured at home.
You get in a car crash and the rental is totaled. Your auto policy will cover the replacement of the car. But lets just assume that it takes National 30 days to replace the car... You are now on the hook for 1500.00 plus tax for "loss damage". You caused them to lose out on 1500.00 worth of money.
No auto policy covers that.
Some Credit Card companies will though. My new one does and I am digging that part of it.
|
Is this something that the rental companies put in the fine print of the car rental agreement? It wouldn't surprise me.