His story repeats itself thousands of times every day and is about to become even more common. At the car rental counter, when asked if they want insurance for their rental car, many travelers say “no.” That’s usually because the optional collision damage waiver can double the cost of the vehicle. So they have to make a bet that they’ll drive safely and return the car in working order.
Sometimes they don’t.
Car rental insurance can be confusing
“Many people find rental car insurance confusing,” says Ernesto Suarez, CEO of InsureMyRentalCar.com. “They end up spending a fortune at car rental desks or find themselves with a huge deductible bill at the end of their trip after a small chip to their windscreen.”
Novak, the owner of a hospitality marketing company from Skokie, Ill., got lucky. The credit card with which he’d paid for…
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