submitted by Howard Nenner, CIC, Crossing Insurance Group, www.crossinginsurance.com
If you have ever rented a car you are presented with the option to buy insurance coverage. Most people reject this coverage, but should you? If you have Full Coverage (Comprehensive & Collision) on your personal auto policy most insurance companies extend that coverage to car rentals, so you may ask why buy their optional coverage?
When there is a loss, the rental company places an immediate charge against your credit card so your available balance is immediately impacted and might even be maxed out (tip: use a card with a low credit limit when renting).