Friday, February 09, 2007

Tips on Lowering the Cost of Renting a Car - SeekingAlpha

6. Avoid the Billion-Dollar Insurance Scam – By some estimates, more than $1 billion is spent on rental-car insurance every year, much of it needlessly. If you have personal car insurance and you are using a major credit card for the rental, chances are you will not need any additional insurance. Likewise, the Loss Damage Waiver (LDW) is a transferal of responsibility that supposedly makes the company rather than the renter, liable for any damage to the vehicle, but the ambiguous wording and substantial loopholes make it of questionable value. If however you don't have personal automobile insurance, or if the parameters of your credit card’s coverage are too restrictive, the LDW might be useful.

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