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Smart Shopper Questions About Auto Insurance & Accidents
4410 messages, Last post on Nov 29, 2009 at 5:58 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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I plan to cover my rental car under the Loss Damage Waiver insurance of my credit cards for 10 months. I will be returning the car every 30 days and rent it out again with another credit card. Has anyone done the same thing? Is it safe? Someone also told me that the LDW of credit cards does not cover vandalism and damage due to natural disasters. Is this true? Thanx. |
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that if you have a premium credit card, and you charge the rental on it, that they do pay up to $3000 of the deductible, but I do not believe they cover anything else... Without prying into your personal business, altho I am, why would you rent a car for 10 months???...altho I do not know your rate, it would almost seem that a 1 year lease may make sense, depending on the numbers, of course...
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Replying to: marsha7 (Sep 05, 2006 5:50 pm) |
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Replying to: marsha7 (Sep 05, 2006 5:50 pm) Unfortunately the shortest lease terms in the area is 24 months. |
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| that car companies offered one year leases...I am quite familiar with 2 and 3 year leases, but I just assumed (???) that 1 year was also offered...obviously I still have much to learn... | |
I was recently rear ended in my brand new 2007 Camry. Less than 2 weeks old and only 350 miles on it. My question is the insurance says it will repair the car to the condition it was in before the accident. How can a repair make it a new car again? To me this makes my car a repaired new car, not new off the lot. I am very confused. I was not the at fault driver. This was a 3 car accident in which that car that hit me was pushed into me by the 3rd car, who was at fault. Since the at fault drivers insurance (Geico) was giving me hassles right from the start, I am now going thru my own insurance. My insurance will recover what ever they pay out on this accident from the at fault drivers insurance. Don't I have a right to demand a replacement car? I also have injuries from this accident, which my own insurance will reimburse me from any out of pocket med expense, but they will not reimburse for paid and suffering and lost wages. Should I get an attorney?
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Replying to: patcof2 (Sep 12, 2006 7:10 am) Did you have "Replacement Cost" coverage with your company? Property Damage Liability either repairs or replaces whichever is of least cost to the insurer. Nobody is in the business to finance the love affair you have with your car. The most you can expect from any company is repair and if you can prove it, Diminished Value. Good Luck. |
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Replying to: patcof2 (Sep 12, 2006 7:10 am) Obviously, a repair doesn't make a car new. It's only a restoration of the physical condition and has nothing to do with "age." You are entitled to the provisions of your insurance policy. I doubt it says you will get a new car for a fender bender. tidester, host
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Replying to: tidester (Sep 12, 2006 8:47 am) |
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Replying to: patcof2 (Sep 12, 2006 9:30 am) You are absolutely correct. But your car isn't new. It's a 2 week old used car. Even if you had just driven the car off the lot and gone only 10 yards down the road, the situation would be the same. I know it sucks, but that's the way things work. If you're vehicle was totalled, you'd be out a few grand. |
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Smart Shopper Questions About Auto Insurance & Accidents
