Search results
Results from the WOW.Com Content Network
Rental car reimbursement coverage is a coverage type on standard auto policies that pays for the cost of a rental car (up to your policy limits) while your vehicle is inoperable due to a covered ...
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 ...
Rental car coverage, sometimes called rental reimbursement, will pay for your rental car if you need one while your vehicle is repaired due to a covered loss. Coverage example
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
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 ...
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.
Rental car coverage: Most car insurance policies (with comprehensive and collision coverage) extend to rental cars during repairs, but check your policy for details.
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. [1] [2] Such a loss may be an "actual total loss" or a "constructive total loss".