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Collision deductible waiver: With this optional policy feature, your insurer will waive your deductible in certain situations, such as if the accident is caused by an uninsured or underinsured driver.
Car rental insurance, available at the rental counter, can help offset these fears by providing coverage in the event of an accident, vehicle theft, or another incident. But there is another ...
Your deductible is your share of your vehicle’s repair costs after an accident. For example: If you must file a claim, and your deductible is $500 — and the body shop’s bill is $3,000 ...
Although it involves a transfer of risk, a damage waiver option is not insurance but instead a modification to the basic rental contract. [2] In many countries, it is a legal requirement to have a damage waiver included in the basic car rental rate. Some rental companies also offer liability insurance and coverage of towing charges. Terms and ...
In an insurance policy, the deductible (in British English, the excess) is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. [1] In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.
Auto, home and renters insurance have various insurance deductibles ranging from as low as $50 to over $5,000 depending on the state and coverage options. Deductibles in the $500-$1,000 range tend ...
Income Protection Insurance (IPI) also known as loss of earnings insurance is an insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. This is typically a replacement for lost income suffered by the policy holder. These policies were formerly called Permanent Health ...
Deductibles: Your regular auto insurance policy deductibles (collision and comprehensive) might still apply to the rental car. Purchasing additional coverage at the rental agency could offer lower ...