1. Monday, April 26, 2010 - 4:07 PM
The most common misconception about credit card rental car insurance is what it covers. Most people think it covers the same thing as regular car insurance. It only covers damage to the rental car itself. It does not cover injuries to the people inside the rental car. It does not cover damages to any other vehicle or property involved in the crash. It does not cover injuries to the driver of the other car or any pedestrian that was hit. All it covers is damage to the rental car.
Too may people turn down liability insurance thinking they are covered by their credit card. In most states rental car companies must provide the state minimum liability coverage which was set 50 years ago when a visit to the emergency room cost $25. If you have your own insurance policy, it may or may not extend liability coverage to you when driving a rental car.
Too may people turn down liability insurance thinking they are covered by their credit card. In most states rental car companies must provide the state minimum liability coverage which was set 50 years ago when a visit to the emergency room cost $25. If you have your own insurance policy, it may or may not extend liability coverage to you when driving a rental car.
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