Community Chat

[Lucky Charm]

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@NicksmomESQ wrote:

I worked in the insurance claim industry for many years.When you rent a car it's considered a substitute vehicle and is fully covered under your insurance policy.Any coverage you have under your auto policy transfers over to your rental up to the policy limits!! You are 100% covered and there is absolutely no need to pay for additional coverage!!

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That is true, as long as you had full coverage, your policy *follows* you to a rental car.

If you're only carrying liability without comp and/or collision, you would need to get a rider for physical damage coverage.

BTW, love Enterprise, started up by a gentleman who served on the USS Enterprise.  Go big E!

[Moonchilde]

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@NicksmomESQ wrote:

I worked in the insurance claim industry for many years.When you rent a car it's considered a substitute vehicle and is fully covered under your insurance policy.Any coverage you have under your auto policy transfers over to your rental up to the policy limits!! You are 100% covered and there is absolutely no need to pay for additional coverage!!

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As it was explained to me by both Enterprise and my (major) insurance company, if the car I was driving were to be totaled (unlikely), and the totaled car was sold at auction and that auction price was less than the KBB value of the car, they would come after me for the rest. Also, if it took 2-3 weeks to fix the car, Enterprise could come after me for the loss of rental revenue during that time.

Since I was told the same thing by both Enterprise and Mercury Insurance, which is not a fly-by-night company, I believe them as it related to my possible liability. I do not believe they would collude in lying about it.

True that the *policy* coverage would cover at 100%, but what Enterprise could hold you liable for was NOT covered under probably anyone's personal policy for their own car - which was my point - that you are not covered for "everything" with a rental car. I elected not to worry about it and not to pay for their "every possibility" coverage, but I made the decision with full knowledge of what could, but was unlikely to, happen.

Having spoken to both Enterprise and my insurance company and gotten the same answer, I really don't care who doesn't believe me.

[sunshine45]

Should You Purchase Rental Car insurance?

http://money.usnews.com/money/personal-finance/articles/2012/06/04/should-you-purchase-rental-car-in...

[NicksmomESQ]

I have handled these claims and I can tell you with absolute certainty that if you have all the necessary coverages on your auto policy you are 100% covered  if you rent a car.If you want to spend extra money go ahead. Car rental companies have something to gain when they push their coverage and insurers don't want to be exposed.Read your policy!! You're covered,unless it says that you're not!! Don't take my word for it!! Read it for yourself!!

 I was in a situation some years back where my homeowners carrier told me that my claim was not covered .I reviewed my policy and showed them where it was.They paid my claim!! 

As consumers our best protection is to arm ourselves with knowledge.Take the time to read your insurance policies!!

[Moonchilde]

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LOL.

I already said I *didn't* pay for it.

[NicksmomESQ]

I know you did'nt pay for it !!!!!!  Not because you felt you were already covered but because you said you took the chance.My point is you did'nt take a chance because you are covered.If the rental car is totalled your insurance company would pay book value for the car minus your deductible. They would also take possession of the salvage and you would not be liable for any auction shortages.If the vehicle were to be repaired you would be covered for the loss of use  for the time it took to repair it!! Your insurance company would pay the rental company for loss of use!! They would also cover the cost of repair minus your deductible!! You would have no exposure up to the limits of your policy.If the rental company sued you for any reason your insurance company would defend and indemnify you!!