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Best Rate Mortgage Company – Charlotte, NC #what #are #points #on #a #mortgage #rate

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Welcome to Best Rate Mortgage
Guaranteed Best Rates in the Carolinas!

With a dedicated team at your service, we make is easy, quick and affordable to get your purchase or refinance loan closed in just a few steps.

ABOUT US

We have closed thousands of residential mortgage loans and many of our customers have expressed their confidence in us by coming back again and again for all their refinance needs. We highly value our repeat customers and referrals and will always provide the best service possible to any customer.

OUR OFFERINGS

We offer conventional and jumbo mortgages for residential purchases of primary, secondary and investment properties in all of North and South Carolina. So call and let’s get started today. We ve even added our application forms below for completion prior to meeting with us so we can expedite the review and approval of your mortgage loan application!

APPLICATION CONSULTATION

Your next home purchase or refinance starts with meeting one of our mortgage loan originators, either in person or over the phone, to get to know you, your needs your financial situation. We are a relationship driven firm and specialize in tailoring our mortgage offerings to your unique needs.

CUSTOM SOLUTIONS

After getting to know you and your needs, our team will craft a mortgage solution specific to your purchase or refinance. We can work hand in hand with you, our in house processor, your realtor, builder, insurance agent, CPA and any other related party that you need us to collaborate with.

FUNDING YOUR LOAN

After finalizing the details of your loan, having your home appraised, and satisfying everything else required to close on your home purchase or refinance, we fund your loan in a smooth, efficient process.

TIMELY RESULTS

Often in as soon as a week or two from submitting your application, you get your house at a great payment on a purchase, or great savings on a refinance.


Priceline car rental insurance without regular car insurance – FlyerTalk Forums #priceline,car,rental,insurance,without,regular,car,insurance, #priceline #car #rental

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Priceline car rental insurance without regular car insurance

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Priceline car rental insurance without regular car insurance

I don’t own a car or have car insurance. I just rented a car from Priceline and they offer insurance for $11/day.

I’m wondering does this cover liability? I want to know I’m not going to pay anything(or a lot) out of pocket if I cause a wreck.

Otherwise, should I just wait and pay the hefty cost of the insurance at the front counter?

Wirelessly posted (BlackBerry: BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)

What is in the description of coverage offered on the Priceline site? If it only covers loss/damage to the rental car, do you have a credit card that would cover that anyway?

Depending on how many days a year you rent cars, you might look into the cost of a non-owned automobile liability policy to cover third-party liability.

Quote:
The Maximum Benefit Amount is $35,000.

The Insured is eligible for benefits up to the Maximum Benefit Amount per reservation if the Insured rents a car while on the Covered Trip, and the car is damaged due to collision, theft, vandalism, windstorm, fire, hail, flood or any cause not in the Insured s control while in the Insured s possession, or the car is stolen while in the Insured s possession and is not recovered. The Company will pay the lesser of:

The cost of repairs and rental charges imposed by the rental company while the car is being repaired; or

The Actual Cash Value of the car meaning purchase price less depreciation; or

The Maximum Benefit Amount.

Coverage is provided to the Insured, provided the Insured and Traveling Companions are licensed drivers, and are listed on the rental agreement.

Coverage is provided to the Insured for up to 180 consecutive days.

What is not payable under Collision Damage Insurance

Unless otherwise stated, benefits are not payable for:

Any obligation of the Insured, a Traveling Companion or Family Member traveling with the Insured assumed under any agreement (except insurance collision deductible);
Rentals of trucks, campers, trailers, off-road or four wheel drive vehicles, motor bikes, motorcycles, recreational vehicles or Exotic Vehicles;
Any loss which occurs if the Insured or anyone traveling with the Insured are in violation of the rental agreement;
Failure to report the loss to the proper local authorities and the rental car company;
Damage to any other vehicle, structure or person as a result of a covered loss;
Any loss as the result of or attributed to driving the rental vehicle: while under the influence of alcohol or any illegal substance or the abuse of a legal substance; while using any medication which recommends abstinence from driving; in a speed competition; for compensation for hire; for illegal trade purposes, or transporting contraband;
Any loss as the result of physical damage or loss attributed to: mechanical failure or breakdown of the rental vehicle; wear and tear, gradual deterioration, corrosion, rust or freezing; any neglect or abuse of the vehicle; any dishonest act or conversion; any consequence of war (declared or otherwise); contamination by a radioactive material;
Waiver or assumption of expenses by the commercial car rental agency; expenses covered under any other policy of insurance; any contents of the vehicle.

There is the beginning of the insurance document, does that provide enough details?

Thanks for the help!

It’s quite clear from the language that liability is not covered (among the exclusions is damage to any other car, person, etc. Damage to any other vehicle, structure or person as a result of a covered loss ).

On the other hand, typically state laws require an owner of a vehicle to be financially responsible, either by carrying liability insurance or being self-insured, so if an accident is caused by a renter, there will be a source of funds to go after other than the renter’s funds.

Originally Posted by Reindeerflame

It’s quite clear from the language that liability is not covered (among the exclusions is damage to any other car, person, etc. Damage to any other vehicle, structure or person as a result of a covered loss ).

On the other hand, typically state laws require an owner of a vehicle to be financially responsible, either by carrying liability insurance or being self-insured, so if an accident is caused by a renter, there will be a source of funds to go after other than the renter’s funds.

Am I reading this right, that you are suggesting I just don’t get any insurance(Other than secondary from CC) and you think that someone else will have to pay for being negligent about me not having liability insurance?

Wirelessly posted (BlackBerry: BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)

typically state laws require an owner of a vehicle to be financially responsible, either by carrying liability insurance or being self-insured, so if an accident is caused by a renter, there will be a source of funds to go after other than the renter’s funds.

While that’s true in most states, we don’t know in which state the OP will be renting. And state minimums are typically paltry. In some states, the rental car company can still go after the renter for damages paid out to third parties. So it’s a very tricky field.

Originally Posted by guv1976

Wirelessly posted (BlackBerry: BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)

typically state laws require an owner of a vehicle to be financially responsible, either by carrying liability insurance or being self-insured, so if an accident is caused by a renter, there will be a source of funds to go after other than the renter’s funds.

While that’s true in most states, we don’t know in which state the OP will be renting. And state minimums are typically paltry. In some states, the rental car company can still go after the renter for damages paid out to third parties. So it’s a very tricky field.

Yea the two rentals in question will be Georgia and Kentucky.

Some homeowner or umbrella liability policies could provide protection.

Of course if the rental is for a business trip, the employer should either have insurance coverage for such things, have it written into the corporate contract with auto rental companies, or require employee renters to take adequate coverage which the employer will reimburse.

Originally Posted by schwallie

Yea the two rentals in question will be Georgia and Kentucky.

Quote:
All owners of motor vehicles in Kentucky are required to carry minimum liability coverage. This means liability coverage of $25,000 for all claims for bodily injury damages sustained by any one person and not less than $50.000 for all bodily injury damages sustained by all persons as a result of any one accident, as well as $10,000 for all property damage as a result of any one accident. Alternatively, a policy with a single limit of $60,000 is acceptable.

Quote:
The minimum limits of liability required under Georgia law are Bodily injury Liability of $25,000 per person, $50,000 per occurrence and Property Damage liability of $25,000 per occurrence.

The above doesn’t account for whether KY or GA, similar to CA, allow a rental car company to decline to extend its insurance coverage – which could be self-insurance – to the renter. You may wish to verify that this isn’t the case in the states you’ll be driving in.

In some states rental car companies may meet the requirements by being self-insured, meaning they do not have an insurance policy to extend to the renter as they accept the risk of paying out for third party liability claims.

You’d have to decide if you feel the rental company’s insurance, assuming they extend protection to the renter in the state you’re renting from, is sufficient to cover your potential risk. I wouldn’t risk it, as a bad accident and hefty lawsuit could easily go over and above those limits.

Even if the rental car company has liability insurance on the car that does not preclude them, their insurance company (if they have insurance), or a third party from suing you personally.

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