4 ms·
One of the reasons large rental companies self insure is so that they can do repairs in house without listing cars as salvaged. They make it back on resale I
by paddy_m 3y ago
One of the reasons large rental companies self insure is so that they can do repairs in house without listing cars as salvaged. They make it back on resale I think I read this from car dealership guy.
- Scoundreller 3y agoThat's (yet) another reason why I don't buy the insurance that covers incidents of my own fault for my beater. A crushed bumper will deem it salvage and the insurer will take it away but I could still drive it (and from a relative's experience, at much lower cost than the insurer would pay). But on a newer vehicle, it takes a lot of damage to get branded salvage. Also makes sense for Hertz to do it in-house as they'll have a somewhat standardized fleet. Can "borrow" a rear bumper from a vehicle in for more serious heavier-duty front-end repair to get at least 1 back in the fleet.
- WarOnPrivacy 3y ago> That's (yet) another reason why I don't buy the insurance that covers incidents of my own fault for my beater. Insurance companies still make you pay for everyone else's coverage. ref: https://www.washingtonpost.com/business/2023/09/05/auto-insurance-claims-disasters/ https://www.washingtonpost.com/business/2023/09/05/auto-insu...
- Scoundreller 3y agoLess so when you opt out of portions of it and self-insure. Not recommending anyone opt out of personal liability when that's an option.