jimicus t1_jbk9hwy wrote on March 9, 2023 at 5:27 PM

Reply to comment by GetlostMaps in Ontario man who declined rental insurance 'panicked' when told he must pay $50K for stolen truck by phishieee

Everywhere I've rented vehicles, the situation has been that basic insurance is included but has such a huge excess that you'd have to be clean off your head not to take the extra insurance unless you're absolutely, categorically certain you have all-risks cover for hire cars.

GetlostMaps t1_jbk9tzm wrote on March 9, 2023 at 5:29 PM

Same. Like $3k or $5k or something. But there was never an option to have no insurance. That's just not possible.

jimicus t1_jbkafz8 wrote on March 9, 2023 at 5:32 PM

It would seem odd that the hire company doesn't have some sort of basic cover for their whole fleet to cover, say, total loss.

I can't imagine this sort of thing happens terribly often (which will keep the cost fairly low, particularly if it has a high excess), and it'll be a lot easier to claim on the insurance and sting the customer for a high excess than ask them to hand over $50k.

GetlostMaps t1_jbkc0ji wrote on March 9, 2023 at 5:42 PM

I think they do. It seems the insurance company paid out, but is then chasing the driver. But to try to recover the total value is simply not possible in these circumstances in a more advanced regulatory system. It hasn't been for generations.