Should You Pay For The Loss Damage Waiver (LDW) When Renting A Car?

It’s easy to forget that when you rent a car, you’re “borrowing” a vehicle that costs tens of thousands of dollars from a major corporation. When renting it, you expect the car to be in great condition with no dents, dings or scrapes on it. So what happens when the car is damaged during your rental? Even if it wasn’t your fault, the rental car company is, of course, going to expect you to pay for the repairs. Rental car companies know that fear of getting a large bill for repairs makes you an easy target to purchase the “insurance” they will sell you for just a few dollars a day.

We’ve already written about the excessive charges for gas and the markup on tolls that car rental companies charge. Why would we believe that all of a sudden car rental companies will sell you insurance at a reasonable price? It’s not that the coverages they sell aren’t necessary, because they are. It’s moreso you may already have coverage that makes buying their insurance unnecessary. Knowing what coverage you already have allows you make an informed decision ahead of time. I’ll also share a trick that lets you avoid the hard sell at the counter. But first, what is the car rental company trying to get you to buy?

Most of the information listed below only applies to cars rented in the United States. Rentals in other countries have different rules and restrictions. Please note I’m not an insurance agent nor expert so I suggest reading the policies including, but not limited to the parts about policy limits, deductibles and exclusions.

Continue reading “Should You Pay For The Loss Damage Waiver (LDW) When Renting A Car?”

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Credit Card Review: United MileagePlus® Explorer

Most of the co-branded credit cards for airlines will give you benefits just below those of the most frequent flyers. This is one reason why I never feel the need to go for any type of status with airlines. There’s one airline credit card that gives you certain perks but then puts restrictions on those perks that makes them feel like an imposition instead of a courtesy. I still keep this card because having it is better than not having it. Continue reading “Credit Card Review: United MileagePlus® Explorer”