505Vango - van service in , New Mexico, Vans Van

INSURANCE POLICY DISCLAIMER

 

 

Car rental: is defined on the website link below

http://en.wikipedia.org/wiki/Car_rental

 

 

Insurance / Waivers according to www.Wikipedia.org

 

Although frequently not explicitly stated, US car rental companies are required by respective state law to provide minimal liability coverage. This covers costs to a third party in the event of an accident.In most states it is illegal to drive a car without liability coverage therefore this must be included in the cost of rental. As an example, in Maryland the minimal level of liability coverage is $20,000 for bodily injury and $15,000 for property damage.

 

It is typical, when renting a car, to be offered various forms of supplemental insurance and/or damage waivers as an optional extra at additional cost. There are several types of coverage:

 

• Loss Damage Waiver (LDW) – sometimes also referred to as Collision Damage Waiver (CDW) - covers the costs of damage to the rental vehicle in the event of an accident. In some countries the purchase of LDW covers all costs after an "excess" fee has been paid (e.g. all costs are covered after the first $500). Often a "Super" insurance product may be available which makes this excess amount zero. Note that LDW/CDW coverage is not insurance and does not offer the same coverage as a damage insurance policy .

 

• Supplemental Liability Insurance (SLI) – a product often sold in the USA which provides coverage in the event of an accident causing bodily injury or property damage to someone other than the renter and passengers.

 

• Personal Accident Insurance (PAI) – covers medical costs and accidental death for the renter and passengers in the event of an accident during the rental.

 

• Personal Effects Coverage (PEC) – insures against risk of loss or damage to the personal belongings of the renter (and sometimes the members of the renter's family while traveling with the renter) during the period of the rental.

 

• Excess Insurance – When a car is hired in Europe, Africa, Australasia, and most of the Middle and Far East, CDW, Theft and Third Party Liability are generally included in the car rental price. There is almost always an Excess (also referred to as Super CDW, Non Waiver or Deductible) on the CDW and Theft portions of the rental. The Excess can range from about £500 to £1,600 and is the portion of the loss that that the renter is responsible for, regardless of which supplemental insurance / waiver products have been purchased. Excess is just starting to be charged in the USA, it is sometimes charged in Canada, and it is generally charged in the Caribbean, Central and South America. Excess insurance is a secondary insurance (only in place with the CDW and SLI cover) and provides coverage to the renter for the excess amount. The majority of car-rental companies in Europe will sell this cover as a 'top-up' insurance to cover the excess on their standard damage and theft insurance. Hirers should be aware that not only can this work out quite expensive, it is likely to exclude cover for damage to the windscreen, bodywork, roof, tyres or undercarriage leaving the hirer of the vehicle liable to pay out if damaged. There is however, another insurance alternative that can reduce these risks and costs. Specialist excess protection insurance from a number of other insurers can offer excess protection, much broader coverage and may include cover for those areas often excluded. In the event that the vehicle is damaged or stolen, the rental company will charge your credit card for the excess amount and you then claim for reimbursement on your vehicle hire excess protection policy.

 

In the USA, the sale of these supplemental insurance/waiver products may be regulated by each states' insurance departments and a special limited license may be required by the rental company in order to sell them.  The specific coverage offered can differ substantially depending on the State or Country in which the car is rented.

 

Insurance- Renters and required to have full coverage car insurance. Supplemental Insurance and Collision Damage Waiver may be available for an additional charge. Please contact a reservation specialist or refer to full rental agreement for details. Renters should check with their car insurance carriers to ensure that 12 and 15-passenger vans are covered through their policy.

 

Collision Damage Waiver: 

Collision Damage Waiver insurance surcharge on all vehicles is as follows:
$29.99/day for each vehicle and is defined on the following website link below

http://en.wikipedia.org/wiki/Damage_waiver

Insurance and Coverage:

All of our cash renters are required to have proof of full coverage car insurance and a deposit plus the cost of the rental up front. If you will be paying by credit card we do offer CDW insurance. Unless you plan on obtaining coverage/insurance from our company, please make sure to check with your insurance company that your policy covers you while renting our 12 and 15 passengers vans. These vehicles are considered R. V’s to some insurance companies and agents as well as credit card issuing banks.

 

LIABILITY & INSURANCE

Loss or Damage- The renter and any additional drivers are liable for any loss or damage to the rental vehicle and/or equipment. Renter and/or additional driver(s) is responsible even if someone else caused it or the cause is unknown; whether due to theft, natural causes (flood, hail, snow, etc.), vandalism, or any other cause, subject to limitations imposed by the law where the vehicle is rented. This liability will not exceed the full value of the vehicle, plus any additional charges such as towing/storing charges, depreciation of vehicle value and any associated recovery fees plus any other fees incurred as a result of the loss or damage to the vehicle and or equipments.

 

 Additionally you can Purchase Premium Car where you have to in-sure that vango llc gets listed as additional insured on policy.Rental Protection from American Express, visa, mastercard at the web address below,  

 

https://www152.americanexpress.com/premium/car-rental-insurance-coverage/home.do?source=OPEN 

http://www.mastercard.com/us/personal/en/cardholderservices/guidetobenefits/

http://usa.visa.com/personal/cards/benefits/bft_dmg_waiver_personal.html