Lesson: insurance protects from personal financial risk/loss. No insurance means you're assuming all of the financial risk yourself.

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

People: Insurance is a scam! People when insurance isn’t required: What do you mean I have to pay?!?

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)

I rented a car for the first time in 14 years a few months ago.

After a decade of established Uber/Lyft and rental car companies are still terrible.

People: hey how come my account with you was sold 12 times and the repackaged into a security that now supports a union pension plan?!

>Coish said he has been offered a payment plan of $2,500 a month

That extra $500 for the insurance doesn't seem so bad now, does it?

If you are wondering about what your credit card will cover, it varies. I was trying to rent a car in Georgia, when they declined me because my MasterCard was not a credit card, but a debit card and I assumed it would work withesame services and protections as a credit card. I managed to convince them to let me rent the car and I bought the additional liability and collision coverage. I had always thought that being a responsible person and not not having a credit card was the right thing to do until I found this out. I tried to apply or a Costco credit card, but my credit rating was crap even though I owned a house. So, now I've got a couple of credit cards and I charge a bunch of shit on them and I monitor my credit rating.

This is a typical credit card agreement.

>Provides reimbursement for damage due to collision or theft for most rental vehicles when traveling within the U.S. and abroad.

Within your country of residence, coverage is secondary when renting for personal reasons and supplements any valid and collectible insurance or reimbursement from any source. Outside your country of residence, you do not have to claim payment from any other source of insurance before receiving coverage under this benefit.

Initiate and pay for the entire rental transaction using the covered Chase card and decline the rental company’s collision damage waiver or loss damage waiver.

If you have questions about a specific vehicle or rental, check with the Benefit Administrator prior to your travel.

Who’s covered

Cardmember (name is embossed on the card and listed as the primary renter)

Additional drivers permitted by the rental agreement (authorized persons)

Coverage amount/period

Up to the actual cash value of the rental car

Vehicle rental periods that do not exceed nor intend to exceed 31 consecutive days

>What’s covered

Physical damage and/or theft of covered rental vehicle

Reasonable and customary towing charges related to a covered loss to take the vehicle to the nearest qualified repair facility

Valid loss-of-use charges incurred by the rental car agency

In the Modern Developed World, he would be covered for theft no matter what he wanted, and his only choice in the matter would be the size of the deductible; pay more in advance to make it smaller, or it will a few grand if you need it. It would be impossible for it to be rented uninsured.

If you live in a regressive shithole country things like this will happen.

Canada is a regressive shithole now? What is your standard here? Switzerland?

his helicopter mom perhaps

we totally need to outlaw risk, it'll be great once no one can experience personal responsibility and consequences, that will lead to rational and totally not reckless society, as we're increasingly witnessing today

I'm as surprised as you are, but this kind of thing simply doesn't happen in more advanced jurisdictions. It isn't possible.

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.

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

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.

I'd be fine if they just baked the insurance into the cost of the rentals to be honest. Ill bet that 99% of people have no idea whether their insurance will cover a rental vehicle.

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.

Canada is literally just America-lite but with universal health coverage (a big deal to be sure, but nonetheless). They just have much better PR.

I'm sure a lot of Canadians will get butthurt at this remark, but the truth hurts.

Rental car company insurance is a scam. They way, way overcharge. If at all possible have your own coverage.

I'd love to see some sort of required claims ratio on all sole-source insurance like we (USA) now have on health insurance.

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No I think the native tribes would agree with your assessment.

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