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For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
This coverage is designed to pay, fix or replace other people's property you damage in an accident, whether it's their car, motorcycle, boat, bicycle, fence, mailbox, trees or storefront.
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 ...
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.
Collision coverage (COLL): Collision insurance covers vehicle damage for at-fault accidents with other vehicles or stationary objects, such as a tree or light pole, rollover accidents and even ...
Collision damage waiver (CDW): For a daily fee on top of your rental fee, a collision damage waiver waives fees associated with damage to the rental car from an accident, fire, vandalism, severe ...
Coverage options: Look for car insurance companies that offer the coverage types you want or need for your situation. Some companies offer more endorsement options, while others offer more slimmed ...
Liability insurance covers the other person if you cause injury or property damage during an accident. Collision is an optional coverage drivers can purchase to help cover repair costs for their ...
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