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  2. Does your car insurance cover a rental while your car is ...

    www.aol.com/does-car-insurance-cover-rental...

    Total payout per claim: There's usually a maximum amount the insurance company will pay for a rental car per claim. This could be a fixed amount or a daily rate multiplied by the maximum number of ...

  3. Damage waiver - Wikipedia

    en.wikipedia.org/wiki/Damage_waiver

    Damage waiver. Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]

  4. A new federal bill would protect car owners’ right to repair ...

    www.aol.com/finance/federal-bill-protect-car...

    According to the 2023 J.D. Power U.S. Auto Claims Satisfaction Study, the average repair cycle time for an auto insurance claim is just over 23 days — a 36 percent increase from 2022. In the ...

  5. Warranty - Wikipedia

    en.wikipedia.org/wiki/Warranty

    Warranty. In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. [1] In property law, it refers to a covenant by the grantor of a deed. [2] In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured.

  6. Automotive warranty - Wikipedia

    en.wikipedia.org/wiki/Automotive_warranty

    Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...

  7. How does rental car insurance work? - AOL

    www.aol.com/finance/does-rental-car-insurance...

    The most common types of rental car insurance include: Collision damage waiver (CDW): For a daily fee on top of your rental fee, a collision damage waiver waives fees associated with damage to the ...

  8. Vehicle insurance - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance

    Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...

  9. Hire purchase - Wikipedia

    en.wikipedia.org/wiki/Hire_purchase

    A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing ...

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