Quote:
Originally Posted by FailingEnterpriseAdmin  Well, of course there isn't; that's the whole point of CDW. I was paying $19.95/day for Enterprise CDW. After a year, Enterprise will collect $7281.75 for insurance they could probably get on the market for 10% - 20% of that. In other words, Enterprise tries to scare its customers into overpaying by 500% to 1000%. |
Ok, as an ex-employee I am not a fan or ERAC either but I don't get this particular argument of yours. Do you actually think that an insurance compnay is going to give a rental company an insurance policy on a rental car for $728 - $1456??? A car that by definition they will not know who is going to drive it or where it will be driven! I highly doubt that since the first 2 questions you get when you are getting an insurance quote is who is driving the car and where the majority of use will be. Since the rates are dependant on this I gotta think that most insurance companies won't touch a rental car and if they will the premiums would be extremely high.
Not that I am a huge fan of CDW either but it is a good product for some people as long as its not pushed on everyone. That was my only problem with selling CDW while at ERAC, I didn't like how we were supposed to push it on everyone. I refused to go the "used car salesman" approach and do anything I could to get people to buy it. I sold it by explaining exactly what it was and what would happen in the event of an accident with CDW and without it. After that I let customers make up there own minds on it. BTW, I was consistently at a 50-60% selling so it shows you dont have to lie to sell it.
Anyways, I just wanted to give my 2 cents on this argument of yours since I have seen you post it a couple of times here and don't really agree with it.