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Ensuring Smooth Rental Experience: A Guide to Rental Car Companies’ Insurance Verification Procedures
Renting a car can be an exciting and convenient way to explore new destinations or meet transportation needs. However, for rental car companies, ensuring that renters have proper insurance coverage is crucial to protect their assets and provide a hassle-free...
Risks of Renting High-Valued Vehicles to Progressive Insurance Policyholders
As a car rental company owner, you are always looking for ways to increase revenue and grow your business. However, it's important to be aware of potential risks when renting out high-valued vehicles to Progressive Insurance policyholders. Recently, Progressive...
Artificial Intelligence (AI) In the Claims Adjusting Workplace
Artificial intelligence (AI) is transforming the claims adjusting industry, making it more efficient, accurate, and customer-friendly. With the help of AI, claims adjusters can process claims faster, reduce errors, and provide better service to customers. In this...
THE POWER OF AUTHENTICITY IN THE WORKPLACE: BUILDING TRUST, COMMUNICATION, AND TEAMWORK
Authenticity is a quality that is highly valued in the workplace. When we're authentic, we're able to build trust with our colleagues and clients, communicate more effectively, and work towards common goals more efficiently. But what does it really mean to be...
BENEFITS OF OUTSOURCING CLAIMS HANDLING TO HAWKEYE CLAIMS
As a car rental business owner with a fleet of under 1000 vehicles, you know firsthand how challenging it can be to manage claims. From negotiating with insurance companies to handling paperwork and coordinating repairs, managing claims can be a time-consuming and...
PARTNERSHIPS FOR SUCCESS
When you surround yourself with successful people, you usually gain habits for success. This is no secret. Whether it’s the leader of a country or a CEO, large amounts of resources are used to put the correct people or companies in place.
RENTAL CAR INSURANCE; CHANGING TRENDS
Car rental insurance coverage as you know it is about to change – dramatically. This is thanks to an innovative company, Lula, run by cofounders, Mike and Matthew Vega-Sanz. Before discussing their amazing new formula for rental car insurance, I need to outline the...
DIMINISHED VALUE
Is there more money the insurance company owes you from your last auto claim? You could be entitled to hundreds or even thousands of dollars in diminished value to your vehicle. What is Diminished Value? Diminished value, in general terms, is the difference between...
COVID-19 Impacting the Rental Car Industry
Since the recent pandemic of COVID-19, the car rental companies have been suffering greatly. With limited travel throughout the country, the rental cars have been accumulating more dust than mileage. However, the future for the rental car companies is not as bleak as...
Insurance Fraud Trends
Based on statistics published by the Federal Trade Commission, Florida has by far the highest insurance fraud rate in the U.S., accounting for 1/3 of all insurance fraud cases in the country. Florida’s insurance fraud rate for 2019 was 1,002/100,000 residents;...
