Word: carly
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Dates: during 1980-1989
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...most controversial and expensive coverage is the collision damage waiver, which generally absolves renters of repair costs for accidental damage to the car. Until last year, customers were liable up to a ceiling of $3,000, but rental agencies have now started holding customers responsible for the total value of the auto. Though an estimated 60% of insured motorists are already covered for this by the insurance on their personal autos, many are unaware of it. Moreover, some credit-card issuers have started providing coverage if the rental is charged on their card. Even so, many renters pay as much...
While many state insurance regulators are eager to supervise car-rental firms, they have been unable to do so. Reason: courts have ruled that the rental-agency coverage for collision, injury and property losses is not a form of insurance in the traditional sense. But states are beginning to enact laws to restrict the industry's questionable sales practices. And last May, Minnesota passed a law that required all auto insurance sold in the state to cover the owner for rental-car...
...renters who can really get taken for a ride are those with no insurance and no C.D.W., who are often overcharged for repairs. Last month Hertz, the No. 1 U.S. car-rental firm, disclosed that it had duped consumers and insurance companies to the tune of about $13 million in inflated repair bills. While Hertz is paying the money back, two other rental agencies, Avis and Budget, acknowledge that they sometimes charge customers more for repairs than the companies actually pay. One good reason, the rental agencies contend, is that accidents cost them lost rental time...
...sort of clunker is probably nothing more than the slight awkwardness of a 25-year-old athlete who is pursued by middle-aged foreigners all intent on asking why he drives a Mercedes instead of a Porsche, and whether Killy was an early hero. (Answers: "Mercedes is an excellent car, and they give me one free." And no, Pirmi, as he was called to his dismay, was only five when Killy retired; his heroes were the Italian Gustavo Thoni, the flashy Swiss star Bernhard Russi and Stenmark...
...state caps eliminated. "They're ridiculously low," he says, "and they lead to subterfuge." All too often, in fact, the result is an amoral minuet in which the end (the White House) justifies all sorts of quasi-legal chicanery. "There is retail chiseling, like renting a car in Massachusetts and driving it to New Hampshire," explains a top Republican campaign staffer. "And then there is wholesale blowing off of the limits -- spend now and pay the fine later...