From the article: “As it turned out, Coish only had liability coverage, not collision and comprehensive, so he wasn’t covered for theft and was told he must pay Enterprise Holdings $49,832 for the stolen truck.”
Well, yeah, don’t use liability insurance on an expensive vehicle. He’d be in the same trouble if he’d caused an accident that totalled his rental.
Honestly, I wouldn’t mind rental companies requiring proof of full coverage or forcing their own insurance, but that’s just me. It shouldn’t be a law or anything.
Once I had my car in the shop and they gave me a brand new Cadillac CTS loaner car. I knew the repair was going to be thousands of dollars and really didn’t want to spend any unnecessary funds so when they asked if I wanted insurance I declined. The next day I got paranoid and called them up and said I’d like to add the insurance. They were surprisingly cool about it, thought I’d have to bring the car in for a full inspection, nope. They just added it. I could have already damaged the car
squarepeg0000 says
Lesson: insurance protects from personal financial risk/loss. No insurance means you’re assuming all of the financial risk yourself.
TedW says
From the article: “As it turned out, Coish only had liability coverage, not collision and comprehensive, so he wasn’t covered for theft and was told he must pay Enterprise Holdings $49,832 for the stolen truck.”
Well, yeah, don’t use liability insurance on an expensive vehicle. He’d be in the same trouble if he’d caused an accident that totalled his rental.
Honestly, I wouldn’t mind rental companies requiring proof of full coverage or forcing their own insurance, but that’s just me. It shouldn’t be a law or anything.
Moms_spaghetti_6969 says
Once I had my car in the shop and they gave me a brand new Cadillac CTS loaner car. I knew the repair was going to be thousands of dollars and really didn’t want to spend any unnecessary funds so when they asked if I wanted insurance I declined. The next day I got paranoid and called them up and said I’d like to add the insurance. They were surprisingly cool about it, thought I’d have to bring the car in for a full inspection, nope. They just added it. I could have already damaged the car
ItsDokk says
People: Insurance is a scam!
People when insurance isn’t required: What do you mean *I* have to pay?!?
sharksnut says
There’s nothing onion-y about this. This is totally straightforward f-around-and-find-out.
He’s lucky Enterprise doesn’t charge for loss-of-use (in the USA, anyway)