Tis’ the season for renting cars. One of the biggest questions and debates I have with clients is”should I purchase insurance when renting a car?” The answer to this question depends on the coverage you have in place with your existing personal auto policy. Liability will automatically be extended from your personal auto policy, if you carry collision your policy … Read More
Loss Damage Waiver Insurance – to Purchase or Not?
Your auto insurance policy will pay for bodily injury and property damage for damage to the rental car and/or other physical damage you cause to other vehicles. In case of a collision you would pay your collision deductible, the insurance company would then pick up the remainder of the repair costs. Unfortunately there is no additional coverage on your personal auto policy for ‘Loss Damage’, … Read More
What Does Liability Only Car Insurance Cover?
I recently fielded a question from a client asking the question what does liability only car insurance cover. When you have a ‘liability only’ personal auto insurance policy it means your policy will respond only if you cause bodily injury or property damage to other individuals. If the liability limits on your auto policy are $100,000 of bodily injury per … Read More