Renter’s Collision Protection, a smart alternative to CDW, is now available in 50 states

ROCK HILL, S.C. - Nov. 8, 2013 - PRLog -- Renter’s Collision Protection (RCP), a  collision product auto rental operators can offer instead of Collision Damage Waiver (CDW), is now available across the United States, including Hawaii and Alaska.

RCP is offered exclusively through Jim Schalberg Auto Rental Solutions. It pays any damage up to $20,000.00 with a $250.00 deductible.

“Renter’s Collision Protection is real insurance,” Jim Schalberg of Jim Schalberg Auto Rental Solutions said. “First, it’s primary over all other collision insurance offerings. Second, it provides coverage for customers who do not carry their own “full coverage insurance” and third, for customers with a high deductible, RCP’s low $250 deductible is a good alternative.”

RCP pays for any damage to the rental vehicle caused by collision, vandalism, fire, windstorm, hail and flooding. It does not cover theft because of a possible moral hazard.

RCP is sold at the counter and the rate is based on a 24-hour day. Purchased by the customer, if there is a loss, the customer is responsible for filing the claim; The $250 deductible is paid by the customer. This is much less than the average $1,000 or $2,500 an operator may have on his own policy.

“RCP opens up more rental opportunities to every operator who offers it,” Schalberg said. “Now rental locations can rent to customers they normally would turn away.”

If the car is a total loss, RCP will pay the replacement value of the vehicle—up to $20,000-- (not wholesale.) Since Renter’s Collision Protection is not CDW, it does not prohibit an operator, or his insurance carrier, from subrogating against a negligent renter.

“The best thing about this product  is we pulled together this program specifically for the rental car industry," Schalberg said. “It is designed BY rental car people FOR rental car people.”

For more information on Renter’s Collision Protection and how-to signup for free, visit http://www.schalberg.com or call 800-396-9128.