Car Rental Insurance: Just Say No

I'd like to thank readers for their comments about my recent article

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.

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