(OPTIONAL) liability damage waivers?

Question

My boyfriend and me are currently renting a lap top from Colortyme, and we have been paying for the (optional) liability damage waiver. Well, in June our home was broken into and the crooks stole my laptop, and we are still being held responsible for it! What I would like to know is, WHAT DOES THE WAIVER COVER? I am so confused because the manager has lied to me about what I have been responsible for before (we put a deposit on a TV but then changed our minds and called to tell him the next morning and he said he would not refund our deposit, but then I called the corporate office on him and he was told to give it back to us!) So, I'm not sure if he is just trying to get the money, or if we are still responsible? If we ARE, then I want to know what the purpose of having the waiver and paying for it was for?!!! Please help me! If I find that I should not be responsible I WILL take as much legal action against him or the company as

Answer 1

Do you have a copy of your rental contract and the damage waiver? Read thru it very carefully. It is entirely possible that theft is not included in the damage waiver. Or there might be certain requirements, such as a police report, to file a claim.

Damage waivers are very profitable for the rental company. They typically have lots of loopholes. You probably could have purchased renter's insurance that covered all your belings for a little more than what you paid for the waiver.

Answer 2

in case you do get into an accident, it somewhat is plenty extra valuable for the coverage corporation to be to blame than which you would be individually to blame. you're employing down the line and rear-end the vehicle in front of you. Your criminal duty coverage will pay for the wear and tear to the different individual's vehicle, and your Collision coverage will pay for harm on your guy or woman vehicle by way of fact this replaced into an accident in which you collided with yet another vehicle. in case you chosen a $500 deductible, you will pay the 1st $500 out of pocket to have your vehicle repaired or replaced, reckoning on the quantity of the wear and tear. Collision coverage Collision coverage will pay for harm led to on your vehicle in an vehicle accident, once you're "at fault". a known collision vehicle coverage will pay for any maintenance as much as the honest industry fee of your vehicle. Sidebar it somewhat is critical remember that this fee would be heavily under the value of changing your vehicle (or your guy or woman loan stability.) in the adventure that your vehicle is financed or leased, you'll want hollow coverage to reimburse you for the version between what you owe and what the vehicle is properly worth. Collision coverage usually additionally comes with an coverage deductible. it somewhat is the quantity of money you pay in direction of maintenance till now your collision coverage kicks in. the better the deductible you're keen to pay, the fewer the collision coverage will value. Collision coverage isn't required by skill of regulation in any state. inspite of the incontrovertible fact that, while you're employing a vehicle bought from a dealership or financed via a lender, you're required by skill of the dealership or lender to hold collision coverage. (And just to verify, you may get hollow coverage.) in the adventure that your vehicle is properly worth below $2,000, it heavily isn't properly worth it to purchase finished and collision. you have the two a reductions account with $500 or a credit card with $500 attainable credit so which you will actually pay your deductible in case of an accident.

Answer 3

I'd send an email to the national office: [e-mail] and ask them the question.

Without looking at the actual contract, it's hard to say what it covers.

Good luck