You also have the option of purchasing a "Named Non-Owners" Policy
from a local agent. The purpose of this policy is to provide
coverage for this exact situation. When you borrow a friends car,
their policy automatically provides coverage for you subject to the
limits of their policy. If that person has low limits, you could be
held liable for any damages you may incur above the limits of the
friends policy. Same goes for the rental car companies coverage.
They must provide a certain level of insurance in order to have a
car legally on the road, however they may have a low limit of
liability. As far as the coverage for the possiable physical damage
to the car, you could cover that under the "Named Non-Owners"
policy, purchase coverage from the rental car company or depend upon
your credit card company to provide coverage. Call you credit card
company first. Not all companies provide coverage; often coverage
and benefits are subject to "tier" of CC, ie Platinum, Gold, etc.
If you rely upon the CC or the "Named Non-Owners" policy be aware
that they will only pay for the physical damage that you may have
caused to the vehicle. They will not pay for loss of income or loss
of rent that the rental car company will charge you if you crash
their car and it is in a body shop for 3 weeks. Also, note that
only the "Named Non-Owners" policy will provide coverage for your
bodily injury if you are hit by an uninsured or underinsured
motorist. This coverage can be very worthwhile in an area like Las
Vegas. (or for that matter, Philadelphia, right Bill?)
···
--- In vpFREE@yahoogroups.com, "staninnv" <arnot@c...> wrote:
--- In vpFREE@yahoogroups.com, jaycee5353@a... wrote:
> I have a question on insurance. Should I now take the expensive
daily insurance on rental
> cars and refrain from ever driving someone car for non business
purpose?
>
----------------------------
My Mastercard provides protection as long as the card was used for
the rental. Check it out!