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Article: WHAT YOU NEED TO KNOW ABOUT INSURANCE BEFORE REACHING CAR RENTAL COUNTER
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 21, 2007
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The Idaho Department of Insurance issued the following news release:
Confused about whether to buy insurance when renting a car? Many people purchase insurance at the rental counter without knowing whether their existing auto policies or credit card benefits already cover their needs.
"When renting a car, many consumers purchase unnecessary insurance and end up wasting money. Meanwhile, other drivers inadvertently underinsure their rental car, placing themselves at risk," said Bill Deal, Director of the Idaho Department of Insurance.
A recent national survey by the National Association of Insurance Commissioners (NAIC) revealed these findings:
Approximately 42 percent of respondents said ...