Purco v. Koenig and Its loss of Use Implications
A Colorado Appellate Court clears the way for recovery of loss of use damages and administrative fees.
A Colorado Appellate Court clears the way for recovery of loss of use damages and administrative fees.
A Florida Supreme Court case regarding damaged underground telephone cables threatens to rewrite some state laws and run roughshod over car rental loss of use claims.
If your rental car is damaged and another party is at fault, can you imagine getting taxed on the repair reimbursement?
Who’s responsible for an accident or injury when a third party pays for a rental with a credit card? Three cases with different results are examined.
Knowing the limitations on credit card car rental coverage will help you increase collision damage waiver sales.
“I was just in an accident. What do I do?” Have you reinforced your procedures for handling a renter in a damaged vehicle lately?
Philadelphia Insurance’s Mark Plousis addressed Car Rental Show attendees on the necessity of maintaining a proactive, educated role when working with an insurance provider. In the end, make them work for you.
With the right mix of marketing, creativity and investment in technology, the insurance replacement market provides local businesses the opportunity to thrive in a land of giants.
Since the birth of car rental, the airport market was the primary breadwinner for the industry. In fact, for many years, a local market scarcely existed. When it did, its earnings were just a fraction of the revenue that the airport locations brought in each year.
Not clear on what the new legislation covers? Here's one attorney's analysis of how the highway bill's Graves amendment will impact the vehicle rental industry.
Regulation of SLI sales falls under the jurisdiction of state insurance departments. Some states require a special limited license to sell SLI.
Unlike protection offered by credit card companies, damage waivers sold at the rental counter are always primary. Unfortunately, most consumers are unaware of the difference.
The battle to repeal or limit vicarious liability is still being waged in New York and Connecticut at the state level, but federal reform efforts may hold the most promise.
The summer of 2003 saw independents and franchisees in the state scrambling to secure fleet insurance. Exposure arising from vicarious liability, combined with a hardened insurance market, produced a dearth of options.
Are losses like diminution of value and administrative costs pummeling your bottom line? Stop compromising. It’s time to raise the bar for risk management and loss recovery.
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