8 ms·

But then it should be included in the quoted price, right? It’s mandatory after all.

ThunderSizzle 2mo ago
I've never purchased rental insurance from a landlord or their recommended place. I used my insurance company I already had.
astura 2mo ago
Most people will purchase through their car insurance company for a bundled rate.
dml2135 2mo ago
Should car insurance be included in the price of a car? You have the freedom to purchase insurance from whoever.
- echoangle 2mo ago
  That’s a legal requirement though. If I rent a car and the rental company requires me to also insure it or they won’t give me the keys, surely that should be included, even if the insurance money isn’t going to the rental company.
  - dml2135 2mo ago
    If you are leasing a car they would certainly also require you to obtain insurance as part of your lease agreement. Same deal with an apartment.
    - echoangle 2mo ago
      Why would they? Would they not just sue you for the damages if you break the car? Why would they care? I never leased a car but I thought they checked that you have enough money for the lease to prevent people from defaulting. But even if it is true, I think the price of the insurance (or at least some reference value for comparison, assuming there are multiple competing offers) should be included in the sticker price.
      - otterley 2mo ago
        First, legal proceedings are expensive and may cost more than the car is worth. Second, the lessor may not be solvent enough to pay the damages all at once (“you can’t squeeze blood from a stone”). Third, the money to take the car off the lot in a lease agreement is fronted by a third party, a lender. The lender is likely calling the shots here. See https://lessee.cula.com/documents/CULA-Lease-Welcome-Brochure-11192019-Web.pdf https://lessee.cula.com/documents/CULA-Lease-Welcome-Brochur... For the same reason, purchase-money lenders (in a buy-vs-lease situation) typically require the debtor to hold a comprehensive insurance policy until the vehicle is paid off. It protects their interest.

I've never purchased rental insurance from a landlord or their recommended place. I used my insurance company I already had.

astura 2mo ago

Most people will purchase through their car insurance company for a bundled rate.

dml2135 2mo ago

Should car insurance be included in the price of a car? You have the freedom to purchase insurance from whoever.

echoangle 2mo ago
That’s a legal requirement though. If I rent a car and the rental company requires me to also insure it or they won’t give me the keys, surely that should be included, even if the insurance money isn’t going to the rental company.
- dml2135 2mo ago
  If you are leasing a car they would certainly also require you to obtain insurance as part of your lease agreement. Same deal with an apartment.
  - echoangle 2mo ago
    Why would they? Would they not just sue you for the damages if you break the car? Why would they care? I never leased a car but I thought they checked that you have enough money for the lease to prevent people from defaulting. But even if it is true, I think the price of the insurance (or at least some reference value for comparison, assuming there are multiple competing offers) should be included in the sticker price.
    - otterley 2mo ago
      First, legal proceedings are expensive and may cost more than the car is worth. Second, the lessor may not be solvent enough to pay the damages all at once (“you can’t squeeze blood from a stone”). Third, the money to take the car off the lot in a lease agreement is fronted by a third party, a lender. The lender is likely calling the shots here. See https://lessee.cula.com/documents/CULA-Lease-Welcome-Brochure-11192019-Web.pdf https://lessee.cula.com/documents/CULA-Lease-Welcome-Brochur... For the same reason, purchase-money lenders (in a buy-vs-lease situation) typically require the debtor to hold a comprehensive insurance policy until the vehicle is paid off. It protects their interest.