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When a customer does not pay the car rental company to waive damage, and a rented car is stolen, or damaged by accident, vandalism, weather (hail), etc., the customer or other insurance must pay to the rental company the full cost of repair, plus administrative charges and, in some states, loss of use.
Loss of use is the inability, due to a tort or other injury to use a body part, animal, equipment, premises, or other property.Law.com defines it as "the inability to use an automobile, premises or some equipment due to damage to the vehicle, premises or articles caused by the negligence or other wrongdoing of another."
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
With the average full coverage-car insurance policy costing a hefty $2,640 annually, ... You can't easily absorb a loss. Consider how losing your car would impact your finances and lifestyle. If ...
In a typical total loss settlement, you are paid for the value of the vehicle, which means the car becomes the legal property of the insurance company. But in some cases, it could take very little ...
Common types of car insurance. Although many of the best car insurance companies have different coverage packages to choose from, you may find it easier to understand your policy if you break it ...
Car insurance is a way to protect yourself financially if you are involved in a car accident or suffer a covered loss through fire, theft, vandalism or an act of nature.
Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
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