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Article: Rental-car contracts raise coverage stakes
- Article from:
- American Agent & Broker
- Article date:
- December 1, 2007
- Author:
CopyrightCopyright Pfingsten Publishing, L.L.C. Dec 2007. Provided by ProQuest LLC. (Hide copyright information)
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YOUR CLIENT CALLS to tell you he'll be renting a car while vacationing in San Diego next week. He won't buy the coverage the rental company offers if his own policy covers most of his exposures. His brother-inlaw told him the rental company coverage is a "big rip-off." What do you tell him?
Most agents are aware that a standard personal auto policy does not cover all rental-car exposures. There's a gap between a renter's responsibility under the rental contract and what an auto policy will pay. If, as is most common, damage to the rental car is covered under the auto policy's physical damage section, the insured will certainly have to pay the deductible and at least a portion of the ...