Sunset Clause for NY Damage Waiver Extended

The sunset clause for the amendment that allows New York car rental agencies to sell collision/loss damage waivers to their customers was recently extended to 2013 by the New York state legislature.

In 1989, New York legislators took away car rental companies’ right to sell CDW and LDW, limiting the RACs to customer liability , which only required the renter to pay $100, despite how the accident occurred.

“When a lot of customers found out about the $100 limit, they would just take $100 or $200 from the person who hit them and let them go,” says Sharon Faulkner, a Thrifty licensee in Albany. “We lost over 300 rental car companies in New York, most of which were never were able to come back from this.”

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.