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$25,000 in excess medical costs (after your $50,000 limit) ... like rental car reimbursement, roadside assistance and gap insurance. ... With many car insurance myths floating around, here are ...
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 ...
Some credit card companies offer additional insurance protection if you use the card to pay for the rental car costs (before reimbursement from your auto insurance company, or the responsible ...
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.
Car insurance, oil changes, and interest are not, since the outlay of cash covers expenses accrued over a longer period of time. The services rendered and other in-kind expenses are not considered out-of-pocket expenses; the same goes for depreciation of capital goods or depletion .
Excess insurance (also known as excess reduction, or damage liability waiver) is a secondary insurance which covers the cost of that excess in the event of a claim. Car-rental companies in Europe, South America, and Australasia will generally offer this cover as an opt-in secondary insurance, though third-party insurance companies also sell ...
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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]