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Rental car insurance works the same way as regular auto insurance: you pay a certain amount of money in exchange for an insurance company’s agreement to cover losses and claims up to an agreed ...
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Rental car prices are at an all-time high, due to a number of compounding problems. People are still seeking travel at high rates after canceling their 2020 (and, for some, their 2021) vacations ...
Not only have travel insurance claims increased, but so have the rates of denial. This year, travel insurance claim denials are up 33% over last year, according to Squaremouth data.
Australia: Since the year 2000, the Federal Government's luxury car tax applies to new vehicles over a certain purchase price, with higher thresholds applying for cars considered as fuel efficient. [3] [4] As of 2019, the thresholds were approximately AU$66,000 (US$50,000) for normal cars and AU$76,000 (US$57,000) for fuel-efficient cars. [5]
However, the reporter also pointed out that, in the case of household and car insurance, price comparison websites such as Moneysupermarket rarely include all products on the market and that price comparisons are consequently incomplete. [11] Also, in June 2007, Nixon acquired Cameron’s 47% stake in the business for £162 million. [6]
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