Morrell Insurance June 2008 Newsletter - Rental Car Coverage CDW, LDW, Construction Insurance

This newsletter is sponsored by Wm. E. Morrell Inc.(Morrell Insurance) for the purpose of having our subscribers current on insurance news, products, and services. Our staff hopes you had a Fun and Observant Memorial Day Weekend, a Happy Father's Day and a Happy Fourth to come.

Rental Car Coverages - CDW, LDW

Should you purchase the CDW and LDW Coverages?

When renting a car one needs to decide either to purchase the CDW and LDW coverages or not. Since your personal auto policy offers coverages for a rental car, it is tempting not to take the coverages. LDW is an abbreviation for Loss Damage Waiver and CDW is an abbreviation for Collision Damage Waiver. You will notice on the waiver form you will not read the word "insurance" - this is because the coverages provided by the rental car company do not met the regulations mandated by your state's insurance department or commission.

Few States such as New York state have good legislation on rental car coverages and how your personal auto policy can cover you with a rental car. Most likely you will be renting a car out of state.

See our article on Rental Car Coverages at The Lower New York Insurance Blog.

Construction Insurances

Builder's Risk vs Completed Operations

Building contractors as with most business owners carry general liability and workers’ compensation insurances. There are other important types of insurance for building contractors to consider. Two other coverages are Builder’s Risk and Completed Operations. Contractors may want to consider these two addition coverages.

See our article on Builder's Risk vs Completed Operations insurance coverages at The Lower New York Insurance Blog.

Other posts are easily found on the site. To quickly visit the blog just click "The Lower New York Insurance Blog".