how car rental companies try to take extra money from you #shorts

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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

[Wølf_the_conceit]

"But watch this"
**Pulls out an AK-47**

[msf]

make sure that you pay with the same card for the rental and that temporary charge they put on your card. I used two different cards (a credit card for the rental and another card for the holding charge) and my claim was denied. you have to use the same credit card for all charges associated with renting the car.

[JustinW]

I did this but it’s a huge pain. I had damaged on a rental for $7, 500. Had to fill out about 10 million forms an call a billion people, all of whom acted like this wasn’t a thing for rental insurance on credit cards.

It works, but 100% make sure you have a reputable, strong company and use a good credit card. Even then, it’s a pain.

[jennap]

Worked for a large car rental company- this is actually terrible advice. First you can negotiate the insurance rate as well as the car rental rate with the office when you pick up the car. If you buy the insurance you are not liable for anything. Not a dollar. If the car door gets bumped by another car door or shopping cart (for example) in a parking lot you will need to immediately pay the rental company your full deductible amount (remember that cc they asked for when you picked up the rental) and then go through either your insurance or (cc rental coverage which is an expensive disaster of an option- but that’s a whole other post) and it could possibly cause an insurance hike for future premiums and/or responsibility for tows etc. If you take the rental insurance offered, if they notice damage or you’re in an accident (fault or not) you literally walk away, no stress and no money. I like most of her advice but this will hurt you more than help you.

[quellcristfalconer]

I worked for Enterprise for a few years after college…just buy the coverage and save yourself a headache and a lot of money. Once you sign the contract you’re claiming liability for ANY damages to the vehicle even if the damage was not your fault. Also, the credit card “insurance” (depending on the card) will only cover up to certain vehicle sizes. And if you don’t have the coverage via the credit card company and the vehicle gets damaged, you’d be responsible for paying your personal insurance’s deductible to the rental company since most act as their own body shop and repair their vehicles in-house. When you buy the coverage and the vehicle gets damaged the branch manager actually loses money due to having to amortize the costs of repairs out of the branch’s monthly profit.

Just buy the coverage.

[johnathanmcfadden]

Oh no I worked at a rental car company and this is one thing you should definitely not not do always always always take the loss damage waiver that credit card doesn't cover the full amount.

[crisxx]

Credit cards might cover collision Erika. Not always liability. However collision is the most important. If u damage it u also pay for time the vehicle is being fixed😮

[hannahdivic]

ALWAYS ALWAYS ALWAYS buy the extra insurance for car It is A PAIN IN THE ASS to deal with insurance companies if you get into a rental accident, it’s a way better deal to just hand the car company the keys back to their totaled car and say “not responsible, here ya go! 😊” and walk out the door if you have the total insurance.

[ltphila]

Yes but your insurance does not include loss of use for the rental company

[genegene]

My friend thought the same, and unfortunately he got his rental car totaled. And the credit card car insurance did not pay for it because the rental was over a certain time period (like 30 days or something). He ended up responsible for paying back the cost of the car.

[linuxsurfer]

Your auto policy may cover rentals, so check before your trip.

[garysarnowski]

Worked at Avis many years ago, always get the insurance so that even you get a dent in the door, and the car is driveable, they won't rent it and they will charge you loss of revenue for the car. It's better to turn in the keys, they document the dent or damage, and you have the insurance, you just sign and leave. And loss of revenue is calculated at the rack rate per day. Including wait time on the lot to schedule the repair, moving the car to the collision shop, waits there and then gets picked up and returned to the rental lot. Can take upwards of 14 days plus.

[niesia]

I used to work for a major rental car company as well and I still always get their damage waiver when I rent. Whether your using a CC, third party insurance, or personal insurance just make sure you know what the actual claim process is.

When I was working there, I had people come back with cracked windshields and dents (caused by others/nature) and didn't realize they had a pay a $500 deductible (or more for some). A lot of people didn't budget for that kind or money for their trip.

[tomm]

Failing to point out that NOT ALL credit cards offer this benefit. Make sure yours does, then yes, decline the coverage!

[cwilks]

Always buy the insurance. Your private insurance and credit card insurance will not pay for lost rental revenue. The Rental company can come after you for lost revenue for the time It takes them to get another car after you total theirs. You will be on the hook for that, if you don’t buy their insurance.

[jimmatzek]

Read the details. It is probably a supplemental policy. I used to do that until one time I read the details. They cc company was named in a class action for false advertising and dumped that option from their card after losing.

[MsKathiJo]

Most of the rental insurance included in credit card programs is for property damage only - NOT COLLISIONS!

[AngelStormee]

At Enterprise, you have to prove there is collision coverage on your personal policy. if you have no insurance or collision, they make you add it.

[meatpiman]

some states like MN, your car insurance covers rental car as well.

[tobythesuperaussie]

Check the fine print on the credit card coverage, there may be a limit. Plus it is a pain in butt to get them to reimburse the rental car company on even small claims. If you own your own car and have insurance on it, most likely it will cover you and your rental. Check your policy. If covered, don't pay the rental company for coverage you don't need.