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Car Rentals

When I am traveling on business, I always run into the “should I pay for the insurance” question while renting a car. Can you explain to me what is covered by my credit card; what is covered by my own policy…in other words, should I or shouldn’t I pay this daily charge?

These “collision damage waivers” do not need to be purchased if you have a New York State auto policy insuring your own car. By law, your policy must cover you for all obligations assumed by you for damage to a rented car. There is no deductible and no limit. Also, there is no requirement to have similar physical damage coverage on your own car (only liability coverage). This coverage is generally limited to rental periods of 30 days or less and does not extend beyond the United States, its territories and Canada.

contact us

Anchor Agency, Inc.
Pioneer Plaza
652 Albany Shaker Road
Albany, NY 12211

Phone - 518.730.3200
Fax - 518.730.3199
Email -
The Hartford