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Stop Press - We're in the New York Times

Written by  Thursday, 09 July 2015 00:00

Our founder and CEO, Ernesto Suarez, was quoted in the New York Times (3 July 2015) explaining why travelers renting cars are better off having standalone insurance cover, rather than relying on their auto policy.

The piece headlined, 'Check Insurance Coverage When Renting a Car', looked at how customers should protect themselves financially when they're renting a car.

Written by money expert, Ann Carrns, it said the below about Insuremyrentalcar.com:

"Some insurance brokers aim to offer a cheaper alternative for travelers. Insuremyrentalcar.com offers short-term auto rental policies that provide coverage if a rental car is damaged or stolen. (The policies do not include liability coverage — protection for damages caused to other people, cars or property.) The coverage, underwritten by the Federal Insurance Company, a subsidiary of the Chubb Group, starts at about $18 for a single-trip policy.

"Ernesto Suarez, the site’s chief executive, said it began operating in the United States in January 2014 and now offers policies to residents of most states, except Florida, Alaska, Hawaii, Massachusetts and Vermont. With a stand-alone policy, Mr. Suarez said, a consumer does not have to make a claim under his or her own auto policy and risk an increase in premiums.

To read the full New York Times article please click here.