Additional and/or Future Costs. The PAP will most certainly include a deductible in the range of $10

We plan to post here informative articles about insurance as well as information about our Bainbridge Island and North Kitsap community. reviews on cruises We hope you find the following information about car rental insurance useful as you plan your summer vacation!
To paraphrase Shakespeare, To purchase the CDW or not to purchase the CDW, that is the question. It has been debated for years whether or not a person renting reviews on cruises a vehicle should purchase the Collision (or Loss) Damage Waiver from the rental company. Our recommendation is that consumers, in general, SHOULD purchase the CDW/LDW, at least for short-term rentals. Our reasons are given below:
Loss Valuation. The Personal Auto Policy (PAP) covers the lesser of the actual cash value of the vehicle or the amount reviews on cruises necessary to repair or replace the damaged property. The rental agreement may very well contractually obligate you to reimburse reviews on cruises the rental company for the full value of the vehicle. The PAP also does not pay for any betterment (increased value of new parts replacing old ones) of the vehicle, reviews on cruises nor any diminution of value (if the market value of the vehicle after repairs is less than that before the accident).
Loss Settlement. As implied above, there may very well be disagreement reviews on cruises over the value of the vehicle or the amount charged for labor and materials to repair reviews on cruises it. Your auto policy s Appraisal clause may be invoked with its accompanying costs. More importantly, the insurance company has the right to inspect and appraise the damaged property before its repair or disposal. However, the rental company, unlike you, is not contractually obligated to the insurer it may choose to make the repairs immediately, potentially resulting in a lack of PAP coverage because of failure to comply with this contractual reviews on cruises condition. In any case, purchase of the CDW usually allows the renter to walk away without the headaches involved in adjusting an auto claim.
Loss Payment. The rental agreement may require immediate reimbursement for damages, and it is customary practice for the rental company to charge your credit card. This can create a significant debt, max out the card s credit limit (perhaps shortening a vacation or business trip), result in litigation, etc.
Loss Damage Waivers (LDW). Rental agreements often make the renter responsible for any loss in value beyond normal reviews on cruises wear and tear, regardless of the cause and regardless of fault. In order for your PAP to respond, you must insure at least one vehicle for both collision and other-than-collision (often called comprehensive ) coverage. If not, your policy will not respond to rental car damage and loss of use claims.
Administrative Expenses. The rental contract may make the insured liable for various administrative or loss-related reviews on cruises expenses such as towing (e.g., one insured reviews on cruises was charged for a 230-mile tow), appraisal, reviews on cruises claims adjustment, storage, etc. Some of these expenses may not be covered by the PAP.
Other Insurance. The PAP says that it is excess over: (1) any coverage provided reviews on cruises by the owner of the auto, (2) any other applicable physical damage insurance, and (3) any other source of recovery applicable to the loss-travel policies, credit card coverages, etc. The potential controversy over who pays what is obvious and can result in litigation. In addition, keep in mind that many states have statutes, proprietary policy forms, and/or case law precedents that may govern this and other rental car exposures.
Excluded Vehicles Territories. The PAP normally does not provide physical damage coverage for motorcycles, mopeds, motor homes, or other vehicles that are not private passenger reviews on cruises autos, pickups, vans, or trailers. In addition, use of covered vehicles is limited to the U.S., its territories and possessions, reviews on cruises Puerto reviews on cruises Rico, and Canada (the rental agreement may also exclude operation reviews on cruises outside a specific geographical area). If you rent a trailer (U-Haul, camper trailer, etc.), coverage is limited to $500.
Excluded Uses Drivers. The PAP may have limitations on use of vehicles reviews on cruises that are not otherwise excluded by the rental agreement CDW or LDW. Also, the PAP may include an exclusionary endorsement for certain drivers or may apply only to designated individuals the CDW will probably also only apply to certain individuals, but operators for which no PAP coverage is available may be afforded protection under the rental agreement by adding them as designated drivers.
Additional and/or Future Costs. The PAP will most certainly include reviews on cruises a deductible in the range of $100-$500 or more. In addition, payment for damage to a rental car may result in a significant premium increase (if not nonrenewal) via surcharges or loss of credits.
Although most CDW/LDW fees are considered outrageous, if not unconscionable, we advise you to purchase reviews on cruises the CDW/LDW for short-term rentals. If anything, this will give you peace of mind while on vacation or business, and it could save you from a lot of inconvenience and lost time and money.
When you rent a vehicle, ask for an advance copy of the rental agreement in order to determine your contractual obligations for damage. . . a few rental car companies post this information on their web sites. Here is a listing of several national rental car company web sites: