Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Car Rental Insurance: Just Say No

? A Tale of Two Stocks |


| Nickle and Dimed on Cash ?

January 17, 2006

Car Rental Insurance: Just Say No

Karyn McCormack

I'd like to thank readers for their comments about my recent article "Insurance Plans You Can Avoid." Over the long holiday weekend, I finally was able to catch the movie Meet The Fockers. I wasn't crazy about the movie, but it did have a scene about another policy to avoid: car rental insurance.

When you're renting a car, the agency will ask if you want insurance in case you get in an accident. "Many people don't realize that your regular auto policy covers rentals," says Mark Kenison, founder of firm Kenison Financial Services in Charlotte, NC. He says that if you get in an accident while driving the rental car, you'll have to pay your deductible ($250-$500 and maybe an out of service fee).

Some rental agencies make it seem like you don't have any coverage. Don't fall for it. "I never buy that stuff," Kenison says.

11:00 AM


TrackBack URL for this entry:

blog comments powered by Disqus