Should You Buy Rental Car Coverage?

Travel Insurance

If your vacation plans require a rental car, knowing what your existing insurance policies cover could save you money.


The next time you rent a car and the agent asks whether you want the optional coverages, should you say yes or no? Buying them will add substantially to your car rental costs—if you buy all the additional coverages offered, you’ll add at least $18 to the rental charges per day. Are these coverages worth it? Read on for more information.


The collision damage waiver (CDW) or loss damage waiver (LDW) cost the most of any of the optional coverages, about $10-$25 a day. Although the CDW and LDW are not insurance, they will waive your financial responsibility if a car you rent is damaged or stolen.

When you sign a rental car agreement, you agree to become responsible for any damage to the car. Continue reading “Should You Buy Rental Car Coverage?”

When Life Interferes with Fun: Travel Insurance to the Rescue

When events interfere and make travel planned in advance difficult or impossible, travel insurance can protect your investment.

Families in the South who booked their summer vacations months in advance hardly expected that snow…of all things…might cause them to have to change their plans. Since unusually cold and snowy winter weather in many parts of the U.S. forced school districts to cancel classes, Continue reading “When Life Interferes with Fun: Travel Insurance to the Rescue”

Renting Out That Extra Room: Know Your Risks

Home rental clearinghouses such as Airbnb and VRBO make it easy for homeowners to rent out a spare bedroom or a second home when they aren’t using it. This might sound like a good way to earn extra money. Before diving in, consider the risks and your insurance coverage. Continue reading “Renting Out That Extra Room: Know Your Risks”