Rental car companies want to charge you about $20 a day for a loss or collision damage waiver. My Money Blog says that "it basically absolves you of any liability if the car becomes dented, breaks down, gets scratched, blown up, or whatever."
Many people don't realize that their car insurance often provides some type of coverage for rental cars, and their credit card may supply secondary coverage that pays for what their car insurance won't, MMB says. Read your car insurance policy, and "look for specific wording in the paperwork that (credit card companies) mail you with the tiny print on amazingly thin paper," he writes.
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