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It’s Not That Simple: Coverage for Rented Vehicles

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When renting a vehicle, clients often overlook the insurance coverage provided by their personal auto policy, unaware that the rental contract holds them liable for damages. In this episode we explore various coverage options available, such as CDW/LDW, credit card coverage, or personal auto policies, choices clients must carefully weigh to avoid financial risks. Understanding policy limitations is essential to prevent unforeseen expenses and legal complications.

Learn more about Insuring Personal Auto Exposures!

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What is Actual Cash Value?

What is Actual Cash Value?

David Walker, CIC, CRM, ARM, AAI, LIC, discusses this important definition; most think it is replacement cost minus depreciation, but this answer may be just the default response due to a lack of knowledge.

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