We live in a deal-obsessed, coupon-crazed world where enticing bargains appear every day – and vanish just as quickly. Thus sorting out what is a legit opportunity and what is essentially a scam has never been harder, especially when you're standing in a store, plastic in hand and ready to sign on the screen. We took a look at some of the more common "deals" that are offered for any number of products and services. Then we uncovered the hooks, angles, and fine print that may make them a bust. And the next time you are tempted, remember that wise old maxim: If something sounds too good to be true, it probably is.
Rental car insurance
In theory, rental car insurance is a worthy hedge against an unforeseen event that, through an accident or even no fault of your own, could saddle you with tons of debt. For the vast majority of us, however, the reality is that it's superfluous at best and a total waste of $30 a day or more.
For most everyone in the U.S., your regular auto insurance policy almost always includes some form of collision insurance, which protects you even with rentals (and would save you up to $19 on many rentals). Likewise, many credit cards include car rental coverage against theft or damage to the vehicle (but not liability), so long as you use the card to pay for the rental, saving you another $7 to $14 a day. And some credit cards offer their own coverage, such as a flat-rate rental policy that offers substantial liability coverage and is triggered automatically any time you rent a car. So before heading out on your next trip, do as the Insurance Information Institute recommends and confirm in writing what your auto-insurance credit cards offer (and specifically exclude), so that you can limit or even eliminate unnecessary coverage.
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