Rental Cars

If there was only one thing that I would hope for, one thing that each and every one of my clients could get out of my input here, it would be to add rental car coverage to their policy, if they haven’t done so already. That is, of course, if they don’t have a back-up vehicle. We repeatedly have customers who’ve been involved in a collision, that believe they have full coverage, only to discover that their full coverage lacks any provision for a rental car. As a result, they find themselves in a real bind while their car’s under repair.

What the heck, anytime you exercise your insurance policy you’re going to need wheels, right? So why shouldn’t rental coverage be a part of being prepared? But then there’s the argument about the added cost. Okay, that’s true, but my experience is that most carriers will add rental car coverage for under $100/year (with some as low as the $60’s). So, using the $100 number, that’s a little over 8$ a month. One day of rental in a “roller skate” can easily run you around $24/day. Oh yeah, I should add that most auto body repairs will take 2-3 days, minimum. The price will vary per region and season, but the average cost of a collision claim here in San Diego has often hovered around $3K. If you happen to pick your phone up and call body shops in your area, don’t be surprised if you hear that a three thousand dollar repair, as a rule of thumb, will take approximately 3 weeks ($1k in repairs = 1 week down time). Now this time element can obviously be affected a great deal with the type of parts required, nature of the repair, etc. It’s not an absolute benchmark for projected down time. It’s just a very rough guideline that you’ll tend to hear. Why do I mention it? Well, because if it happens to apply in your own situation, then there’s a decent chance that you’ll be without your car for three weeks (uh-oh!).

Most policies available from insurance companies will provide a rental car for 30 days, maximum. That’s a huge asset when you’ve been hit and are going to be without your car. You should probably also know that if you are hit here in California by another party, state law requires that they supply you with a car for the entire length of the repair. There is no 30 day rental limit applicable when it’s the other guy’s fault and his policy’s paying for your rental vehicle.

If you’ve read my total loss section, then you already know that many insurance companies will begin to consider a vehicle a total loss when repairs breach 70%-80% of the vehicle’s value. At the lower 70% number, a $20K vehicle could easily end up having a $10K repair done to it. In a case like this, you can begin to see that even a 30 day rental car resource may run out before the car’s done. A local shop did a repair on a BMW for over $60K. They had that car f-o-r-e-v-e-r. In situations where there’s a larger repair, we’ve seen several individuals who’ve activated their rental car coverage, and then negotiated with the rental car outfit and their carrier to drive a cheaper car for a longer period of time. Not every insurance company will allow for this, so you’ll need to check and see if it’s available, if the need arises.

Whether you or an insurance company’s paying when you rent a car, you’ll be asked at the rental company if you’d like to buy their insurance, to cover you while driving their car. It wouldn’t hurt for everyone to know if they’re already covered by their existing policy while they rent a car. Most are. Even so, especially if it’s only for a few days, whenever I rent a car I personally opt to buy the portion of their coverage that will pay to fix their vehicle in the event I happen to wreck it. I tell the rental people, whenever purchasing this additional coverage, “Okay now, if I hit a tree down the road with your car, I want to be able walk back in here, hand you your keys and tell you to go get your car. And I want all of this without it costing me or my insurance company a nickel.” When they hear me say this they’ll usually look at me a bit funny and nod their heads. I, on the other hand, smile and initial the contract in the appropriate place, secure in the knowledge that I’m free to drive an unfamiliar car with a measure of confidence that (in my opinion) actually reduces accidents.

While at the rental agency, don’t be pressured into hurrying through the walk-around, especially if you don’t buy their insurance. Make sure that you indicate to their personnel every place that you can see that’s scratched or dented on the car you’re about to rent. Should you show back up with some damage that’s not been documented, the rental car manager’s position will be that if it’s not on the check-out paperwork, then you must’ve done it while you drove their car.

 

42 comments on “Rental Cars

  1. Von Pavella on said:

    I agree with your post absolutely and I am now interested in reading some more of your posts on your blog and see what you have to say. Do you mind if I tweet your blog post out to my followers on twitter? I think they would also enjoy the blog post. Thanks.

  2. Please feel free to spread the word on Twitter – thanks!

  3. Evangeline Anthis on said:

    Nice, I’ve already bookmarked your this web page…Now I don’t have sufficient time for learn but by reading beginning half I need to say…it was a optimistic start .. Would like to read additional too…Thanks for great publish!

  4. This is a great blog. Im glad I stumbled onto it. Have a good day mate!

  5. Mitchell Gastello on said:

    Glorious blog! I actually love how it’s straightforward on my eyes in addition to the information are effectively written. I’m wondering how I is likely to be notified each time a new publish has been made. I have subscribed to your rss feed which ought to do the trick! Have a nice day!

  6. Andy Brosseau on said:

    Your web site has absolutely surpassed my expectations. From when I started reading through your blog I have learned completely new details and had previous information reinforced. Most definitely i’ll direct certain folks that i know.

  7. Ron Tedwater on said:

    Thanks for the post

  8. Hannah Riggott on said:

    Hey there this is a fantastic post. I’m going to e-mail this to my pals. I came on this while exploring on aol I’ll be sure to come back. thanks for sharing.

  9. Lupe Geiman on said:

    I can see that you are an expert in this area. I am launching a web site soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business.

  10. Chieko Vanella on said:

    Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…

  11. Marlen Bryden on said:

    Good post — furnished how and how never to pitch. I’m embarrassed that a great many in my field just don’t get it.

  12. Jeffery Lanning on said:

    Brilliant blog posting. I found your post very interesting, I think you are a brilliant writer. I added your blog to my bookmarks and will return in the future.

  13. Joaquin on said:

    Hi. Firstly nice site. Thanks for making this public.

  14. Matt Braun on said:

    Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…I am happy to find so many useful information here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .

  15. Caryl Respass on said:

    I agree with your article. Nonetheless, do you have any sources I can cite for my paper?

  16. mysql tutorial on said:

    Hello Good luck with you’r sites, and I enjoyed reading this one.

  17. Delicia Anzaldo on said:

    Hello, your write-up is really instructive and I actually like the content exactly where in each detail is very important. By some means, it provides me more understanding about things that’s happening nowadays. But I was really difficult to find it with google. Maybe you could improve it with seo plugins for wordpress like WP seo. Just a tip,

  18. The information I provide Caryl, has been derived from years of my own personal experience, as well as professional dialog with insurance and rental exectives. As a result I don’t have any source links available at this time – sorry.

  19. Curtis Mellard on said:

    Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch!

  20. I’m using WordPress 1.6, which is the default – Thanks

  21. Tamar Antolak on said:

    You can definitely see your enthusiasm in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.

  22. Allison Heberly on said:

    Great post bro. I LOVE your sense of writing.

  23. Lindsay Riojas on said:

    Good blog post. I happened upon your internet site and needed to convey that I have genuinely relished reading your web site posts. Anyhow I’ll probably be signing up to your feed.

  24. Erik Griffel on said:

    Sweet post bromance. I LOVE your style of writing.

  25. Joannie Jitchaku on said:

    I actually arrived here mainly because this particular blog site had been tweeted by a young lady I had been following and feel extremely pleased I made it here.

  26. Jeanette Metelko on said:

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading.

  27. Stasia Gadue on said:

    Hi there, just wanted to leave a quick comment about the interface of one’s blog. It’s truly easy on the eye although also being catchy. I think I will do some thing similar for my blog as well. Thanks for that nice weblog share.

  28. I’ve never even pondered commenting till now. I assume if I enjoy a post I find myself checking the external links for more and favoriting (in the event that is often a word) the post instead. From now on though I’ll definitely attempt to drop a comment regularly.

  29. Bart Kattner on said:

    Brilliant blog posting. I found your post very interesting, I think you are a brilliant writer. I added your blog to my bookmarks and will return in the future.

  30. Issac lee on said:

    I discovered your blog recently and started follow your posts . i really like your blog very much. I really don’t know exactly what to write other than I really enjoyed reading through these blogs. Great articles indeed. I will keep visiting your your website weekly. I learned quite a bit from you. Happy Christmas season!

  31. Helen Palowoda on said:

    Just saying thanks will not just be sufficient, for the tremendous lucidity in your writing. I will right away grab your rss feed to stay abreast of any updates.

  32. Howard Cappas on said:

    Nice post, cool site, keep it up.

  33. Gregory smith on said:

    I really like this blog very much. I don’t know exactly what to write other than I really enjoyed reading through these articles. I will follow your site . I learned quite a bit from you. Happy Christmas season!

  34. Monserrate Sippial on said:

    Thanks for the good info, It was just what I was trying to find

  35. Emma White on said:

    I found your site via Google while searching for the related topic, your site came up. Appreciation for the fantastic blog. Amazingg skills! Continue man, you rock!

  36. Isidro Gilles on said:

    Definitely what I wanted. Thank you I have been looking for this variety of information for a while. I have bookmarked your weblog to permit me to examine more on the matter

  37. Jacinto Buczko on said:

    I appreciate you taking the time to write and post this on your blog.

  38. Vaughn Phaneuf on said:

    I appreciate you taking the time to write and post this on your blog.

  39. Sueann Ogans on said:

    Wow, great article post.Really looking forward to read more. Want more.

  40. Daniel Cloutier on said:

    Pretty good post. I have really enjoyed browsing your blog posts. Whatever the case I’ll be subscribing to your feed and I hope you write again soon! Many thanks, I’ll make an attempt to check back more often. Merry Chrismas!

  41. Earle Volmink on said:

    Well written, informative post. Thanks.

  42. Auto Body & Paint in La Habra on said:

    Thanks for sharing this great content, I really enjoyed the insight you bring to the topic, awesome stuff!

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

HTML tags are not allowed.