 2005-10-30 |
| Administrator | | Join Date: 2005-03-24 Location: San Francisco, CA Posts: 4,181 | |
 Re: Why Damage Waiver is a Rip Off
Quote: | Originally Posted by Unregistered This can happen if you violate the contract (unauthorized driver, offroading, operating outside of authorized area, towing, under the influence, etc.). I have not seen any put on DNR simply because they have damaged more than one car while having the CDW. In fact, at my office their is a corporate account that frequently damages vehicle due to the type of work that they do. I cant honestly say that it doesn't happen but it is extremely rare.
Well duh. Of course it is. Its profitable to all large rental companies. Its profitable for all insurance companies as well. Both rental agencies and insurance agencies have the same system of accurately computing their future losses for the year, the amount of insured, then they tack on the desired profit and distribute to its customers. | When the VP came out to meet with me when I first created Failing Enterprise, he explained to me that "We lose money on CDW". Maybe this isn't true? __________________
"Don't worry about what anybody else is going to do. The best way to predict the future is to invent it." -- Alan Kay |