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Idiot's Guide to Renting A Car in Vegas

Discussion in 'Getting There & Getting Around' started by tvon, Jan 5, 2010.

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  1. Golfer

    Golfer Low-Roller

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    insuremyrentalcar.com

    My policy cost about $120 for a year. Loss of use, lost income, physical damage, diminution in value all covered, as well as theft of my stuff from the car, or a hotel room.

    My car liability is primary, and my excess umbrella liability over that, but this takes care of damage to tehir rental car, and the stuff above mentioned that ordinary insurance doesn't cover. Especially their lost value after an accident, and their lost income.

    FWIW, I own an insurance agency. I bought this, and I think it's probably pretty smart as inexpensive as it is.
     
  2. dmr

    dmr Registered Abuser

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    Thanks.

    From quickly reading, I notice that the pesky "Diminution of Value" is not covered in California. As an agent, do you have any comments about that?

    Also, how would you compare this company to Protect Your Bubble (or is it Protect My Bubble?) :) which I'm sure you've heard of? That's the one I've been occasionally using on personal trips.
     
  3. Golfer

    Golfer Low-Roller

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    One reason possibly there is no coverage in California might be that California courts don't award this. You would need to check with your insurance provider in California. Or the court award ares so outrageous, an insurer cannot properly charge to provide this.

    I looked quickly at Protect my/your Bubble website, and I didn't see any details about diminution, or lost profits. Not to say they aren't there, but these are the two most expensive items that wouldn't carry over from your personal policy.

    So if my liability, OTC and COLL carry over, I'm personally not concerned about anything other than diminution and lost income.

    If my cell phone is stolen, my real exposure is all the data stored on it, not the phone. If my car or room are robbed, my homeowner's carries over. I have term life, so I don't care about all of that accidental death stuff. I buy trip flex form the airline, and my vacations aren't expensive enough to insure. I have marker lines, so I don't keep cash in a room, and there are limitations of stolen cash on homeowners in any event. I have identity theft on my homeowners to protect the credit line, and in any event, it's attached to my bank account, and my liability is limited.

    So, for me, I buy what is an exposure. I don't insure anything I can afford not to. I risk manage outside of purchasing a policy of insurance. And my agent, which is me, actually gives sound advice, which I'm paying him for through his commission, so I know exactly what I need to do, and I know my tolerance for self insured risk.

    The above is a generality, and it's best to call your agent, but I suspect the answers should be as I give above. If not, a quick Google search to double check might make you think about whom you're paying for advice.
     
  4. dmr

    dmr Registered Abuser

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    I've spoken to my insurance agent, my credit card company (and the supervisor) and the TAs in our travel department at work. All tried to be reassuring and say I should not worry, but NONE of them could give me a nonqualified "NO" to me being at personal risk for loss of use and other nuisance items. That's why I've been using PY/MB for personal trips lately, as they (say they) cover all charges for which I'm legally liable.
     
  5. Snidely

    Snidely VIP Whale

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    If having extra insurance makes you more comfortable and you feel it's worth it...then that is why they sell it.
     
  6. dmr

    dmr Registered Abuser

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    That "bubble" insurance is about 1/3 the price of the LDW that they try to push you into at the rental desk.
     
  7. tvon

    tvon VIP Whale

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    • Like Like x 1
  8. Loverboy

    Loverboy Low-Roller

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    Thanks tvon
     
  9. Sonya

    Sonya Queen of VMB

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