Business News • MarketWire • Confusion Over US Car Hire Insurance Could Cost Winter Sun Seekers to the US Dear |
Confusion Over US Car Hire Insurance Could Cost Winter Sun Seekers to the US Dear |
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Confusion Over US Car Hire Insurance Could Cost Winter Sun Seekers to the US Dear
LONDON, UNITED KINGDOM--(Marketwire - Oct. 18, 2011) - An estimated 440,000 Brits1 will be heading to Florida for some winter sun this year, many of whom will be hiring a car but different rules governing insurance between the EU and the USA is leaving UK travellers worryingly exposed to open ended liability bills.
Over half of UK consumers have experience of renting a car, but most of these have rented in Europe where EU legislation requires that third party liability insurance is included in the price of the rental. In the US there is no statutory obligation to provide insurance to someone renting a car to cover the damage to the vehicle (known as a Collision Damage Waiver [CDW] and a Loss Damage Waiver).
View More : http://www.marketwire.com/mw/release.do?id=1574690&sourceType=3
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