Author Topic: What insurances do you buy when renting a car?  (Read 18642 times)

Offline Nitantnel

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What insurances do you buy when renting a car?
« on: October 04, 2011, 04:31:39 PM »
And as far as I know, credit cards (except for the expensive platinum) always misses something out.

Offline hocker

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Re: What insurances do you buy when renting a car?
« Reply #1 on: October 07, 2011, 12:07:39 PM »
Personally None!

CDW - is covered by my Credit Card, although i`m not sure whether it covers loss of use.

Liability - I don`t have any assets on my name.

Offline Nitantnel

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Re: What insurances do you buy when renting a car?
« Reply #2 on: October 07, 2011, 12:10:29 PM »
But you will own on your name soon, I hope.
« Last Edit: October 07, 2011, 02:03:12 PM by Nitantnel »

Offline Name Changed

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Re: What insurances do you buy when renting a car?
« Reply #3 on: October 07, 2011, 12:19:07 PM »
Liability - I don`t have any assets on my name.

I also buy none

Just wanted to point out - that when you rent a car the car rental covers the basic LI ($10,000) So u really gotta do damage for it to come from your assets. And a lot of personal car insurace companies cover car rentals too

Offline Dan

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Re: What insurances do you buy when renting a car?
« Reply #4 on: October 07, 2011, 12:20:51 PM »
None.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Saver2000

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Re: What insurances do you buy when renting a car?
« Reply #5 on: October 07, 2011, 12:26:06 PM »
I also buy none

Just wanted to point out - that when you rent a car the car rental covers the basic LI ($10,000)

And they charge u a deductible.  . . With avis I think its $2500

Offline Nitantnel

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Re: What insurances do you buy when renting a car?
« Reply #6 on: October 07, 2011, 02:04:28 PM »
I also buy none

Just wanted to point out - that when you rent a car the car rental covers the basic LI ($10,000) So u really gotta do damage for it to come from your assets. And a lot of personal car insurace companies cover car rentals too

I believe it's mandated by some states to offer some liability, usually they do not offer a penny more than they can get away with.

Offline Nitantnel

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Re: What insurances do you buy when renting a car?
« Reply #7 on: October 07, 2011, 02:06:23 PM »
Put it this way, if C"v you hit someone and they sue you for a million dollars, you will be practically broke for life, no?

Offline hocker

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Re: What insurances do you buy when renting a car?
« Reply #8 on: October 07, 2011, 02:35:01 PM »
But you will own on your name soon, I hope.
I don`t think he will find a lawyer who`s ready to sue someone pennyless. I`m not so sure he can sue an LLC for that matter, and it aint hard putting everyting on an LLC. Additionally there might be statue of limitations how many years he can sue for.

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Re: What insurances do you buy when renting a car?
« Reply #9 on: October 07, 2011, 02:36:15 PM »
Put it this way, if C"v you hit someone and they sue you for a million dollars, you will be practically broke for life, no?

Does your car insurance cover millions?

I know way to many people that for their own insurance take smaller plans cuz its cheaper

Offline henche

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Re: What insurances do you buy when renting a car?
« Reply #10 on: October 07, 2011, 03:32:02 PM »
Personally None!

CDW - is covered by my Credit Card, although i`m not sure whether it covers loss of use.

Liability - I don`t have any assets on my name.

Me too. I'm judgment proof.
Even on my own car I only carry like 50k in liability, and that's only because it was only like an extra buck fifty every 6 months over the minimum.

Offline Nitantnel

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Re: What insurances do you buy when renting a car?
« Reply #11 on: October 08, 2011, 10:15:16 PM »
Usually people like to save money and don't like to think the worst. Now that you're thinking about it don't you think it makes sense to invest another couple of dollars for some Minuchas Hanefesh!?

Personally I always buy, but I feel stupid because I feel I'm the only one...

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Re: What insurances do you buy when renting a car?
« Reply #12 on: October 08, 2011, 10:19:14 PM »
Usually people like to save money and don't like to think the worst. Now that you're thinking about it don't you think it makes sense to invest another couple of dollars for some Minuchas Hanefesh!?

+1

If you are even thinking about it then buy... however as seen from most peoples response - most buy none

Offline Cbs

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Re: What insurances do you buy when renting a car?
« Reply #13 on: October 09, 2011, 12:51:52 AM »
Personally None!

CDW - is covered by my Credit Card, although i`m not sure whether it covers loss of use.

Liability - I don`t have any assets on my name.
i always buy Liability (my CC covers CDW)

but my question is if u C'V hit someone who covers the cost (doesnt have to be millions - even couple hundred or thousands) if u dont have any insurance and u didnt buy liability?

Offline Red

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Re: What insurances do you buy when renting a car?
« Reply #14 on: October 09, 2011, 03:40:42 AM »
Here in E"Y LI is mandatory.  :(

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Re: What insurances do you buy when renting a car?
« Reply #15 on: October 09, 2011, 08:50:02 AM »
but my question is if u C'V hit someone who covers the cost (doesnt have to be millions - even couple hundred or thousands) if u dont have any insurance and u didnt buy liability?

As stated earlier the rental car company covers a minimum LI it mandatory for them just like for you if you own a car to have min LI

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Re: What insurances do you buy when renting a car?
« Reply #16 on: October 09, 2011, 12:06:22 PM »
and that minimum coverage they cover is would be about how much?

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Re: What insurances do you buy when renting a car?
« Reply #17 on: October 09, 2011, 12:08:17 PM »
and that minimum coverage they cover is would be about how much?

Usually around $10,000 but in some states that the min is only 5,000 possible they only cover that

BTW there are many people that on their own car only have the minimum

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Re: What insurances do you buy when renting a car?
« Reply #18 on: October 09, 2011, 12:27:55 PM »
so ur saying that technically if i think i might get into a small crash that the damage is up to 10,000 or 5,000 (dependeing on the state) then i dont have to buy LI?

i personally would say that its not the smartest of ideas because u never now what will happen

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Re: What insurances do you buy when renting a car?
« Reply #19 on: October 09, 2011, 01:36:53 PM »
Do as you choose... as seen most people dont buy insurace

Also I think the better question to ask is why people take the minimum on their car they drive every day, but when it comes to renting a car for a few days they buy full coverage??  :o