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US car hire confusion means Brits liable for vehicle cost if in an accident
Wed, 19 Oct 2011

It is estimated that 440,000 Brits will be heading to Florida for some winter sun this year. Many of them will be hiring a car, however different rules governing insurance between the EU and the USA could leave UK travellers exposed to open ended liability bills.

In Europe, EU legislation requires that third party liability insurance is included in the price of the rental, but 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).

A recent survey by iCarhireinsurance.com, and conducted by YouGov, revealed that 75 per cent of British people didn't know that a CDW and SLI (Supplemental Liability Insurance) is required when renting in the USA or they risk being responsible for the full cost of the vehicle if it's damaged in an accident, or risk a six figure claim for compensation if there is death or injury to a third party in an accident.

"You need the abilities of a code-breaker at Bletchley to understand car hire rental in the US and Canada," said Ernesto Suarez, founder and CEO of Carhireinsurance.com.
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