De Caro Insurance
Check out De Caro Insurance Agency on Yelp
De Caro Insurance De Caro Insurance Phone Number800.595.0914
Navigation

 


De Caro Insurance
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
      • Auto Warranty Coverage Quote
    • Bonds
    • Business & Commercial
    • Earthquake
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
      • Condo Insurance Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Trucking
    • Watercraft & Boat
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About DeCaro Insurance
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
AUTOMOBILE HOMEOWNERS RV MOTORCYCLE

Home > Blog > Why You Don't Need To Buy Extra Car Rental Insurance
WEDNESDAY, JANUARY 7, 2015

Why You Don't Need To Buy Extra Car Rental Insurance

Car KeyConfused about whether or not to buy extra insurance when standing at the rental car counter? Join the club.

Often times, people end up buying supplemental insurance protection that they really don't need, said Odysseas Papadimitriou, CEO of credit card comparison site, CardHub.com. That can add anywhere from $15 to $30 a day to the cost of a rental.

"The majority of consumers are covered by their own auto insurance, but they may not know it," he said. "They may be spending extra money when they don't have to."

And those who aren't covered by their own insurance are likely covered by their credit card, he said. All four major credit card issuers, Visa (V), American Express (AXP), MasterCard (MA) and Discover (DFS), provide some form of rental car insurance coverage — although MasterCard issues a few cards that don't offer coverage.

CardHub rated the card issuers based on the extent and length of the coverage they provide, how clearly they state what's covered and how easy it is to get claims paid. American Express (AXP) received the highest rating of 90% for its car rental insurance; Discover (DFS) was second at 88%; MasterCard (MA) third at 79%; and Visa (V) ranked last at 74%.

To make sure you get covered, you must charge your entire car rental on your credit card and decline the supplemental collision damage coverage offered by the rental company. If you sign up for that insurance, you won't be covered by the credit card company.

Coverage from your credit card comes with restrictions, though, said Papadimitriou. Several types of vehicles aren't covered, including trucks with open beds and off-road vehicles, as well as exotic or expensive cars like Ferraris or Jaguars. And American Express doesn't cover certain popular SUVs, such as Chevy Suburbans, Ford Expeditions and Range Rovers.

Visa and MasterCard may not cover damages that occur on dirt or gravel roads and other cards don't cover wheels and rims. Some card issuers cap rental periods at 15 days, after which the insurance lapses. None of the card issuers will insure a rental car for more than 30 days straight.

Rental cars in some countries are not eligible for credit card insurance. The ones most often named include Ireland, Israel, Italy, Jamaica and Australia.

One other important note: Unless your personal auto insurance also covers business use, your personal policy won't cover damage caused when you're renting a car for a business trip.

Drivers who aren't sure about their coverage should call their credit card company before they leave for their trip.

*****
Make sure you're protected. Call De Caro Insurance Agency at (626) 331-0914 for more information on Los Angeles auto insurance.

(Article courtesy: Les Christie via CNN Money)
Posted 4:00 PM

Tags: auto insurance, los angeles, california, insurance, rental cars, credit cards, coverage, los angeles ca insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2015
  • 2014

  • california(31)
  • insurance(15)
  • los angeles(12)
  • covina(10)
  • coverage(8)
  • auto insurance(8)
  • home insurance(7)
  • huntington beach(5)
  • covina ca insurance(4)
  • earthquake(3)
  • la puente(3)
  • los angeles ca insurance(3)
  • earthquake insurance(3)
  • life insurance(3)
  • donations(2)
  • los angeles ca(2)
  • car insurance(2)
  • exercise(2)
  • protection(2)
  • business insurance(2)
  • damage(2)
  • motorcycle accident(1)
  • america(1)
  • neutering(1)
  • dayltight savings tme(1)
  • home maintenance(1)
  • rental cars(1)
  • classroom(1)
  • flooding(1)
  • factors influencing life insurance(1)
  • cleaning house(1)
  • allergens(1)
  • slow speeds(1)
  • time(1)
  • animal population(1)
  • pets(1)
  • towing(1)
  • different drivers(1)
  • veterans day(1)
  • credit cards(1)
  • flood damage(1)
  • dishes(1)
  • spaying(1)
  • risky behaviors(1)
  • crime(1)
  • turkey(1)
  • tradition(1)
  • discounts(1)
  • la puente ca insurance(1)
  • crime rates(1)

View Mobile Version
De Caro Insurance

De Caro Insurance

 
Our Carriers Our Company Services Contact Us More Help
Mercury
Foremost
Infinity
Kemper Preferred
Stillwater
Home
Who We Are
Events
Customer Service
Get A Quote
Insurance Types
Send A Message
Locations
Glossary
Frequently Asked Questions
GET SOCIAL WITH US Facebook  Google+
PFP INSURANCE AGENCY Formerly De Caro Insurance Agency
410 E San Bernardino Rd | Covina, CA 91723 | 800.595.0914
Local: 626.331.0914 | Fax: 626.966.6931 | License#: 0I78945             
Powered by Insurance Website Builder

Join Our Newsletter Refer A Friend Our Partners Get A Quote
Insurance Savings Form
Policy Review