Welcome to Spending Notes, where we do a weekly deep dive into how our readers spend their cash. Today: a waitress who makes $35,000 a year

Occupation: Waitress

Age: 22

Location: Chelsea, Manhattan

Salary: $35,000 (approximately $1,150 per pay period)

Day One

I’m lucky to work nights most of the time, leaving room to sleep in and scroll through social media before I make coffee. Three days a week (including today), I head to the apartment complex’s gym for some strength training or cardio (today, it’s strength). Then, I shower before heading to my computer—I’m on a mission to finally find the right therapist. I want to improve my mental health, and friends have recommended New York therapists and psychotherapy sessions. I see a potential therapist that looks like a good fit and make a note to schedule my first session soon. Mental health issues, be gone!

Next, I’m off to Whole Foods. I grab a tofu cashew korma for now, plus some groceries and a twelve-pack of hard seltzer, then head home and eat my tofu before heading to work. After my shift, I enjoy a half-off sandwich before returning home, finishing my skincare routine, then heading to bed.

Total: $48

Day Two

I have today off, so I sleep in a bit later than usual pre-coffee. Then, it’s back to my laptop again. My best friend’s birthday is coming up, so I want to send her a gift (thanks, online shopping!). After college, she moved to Toronto, and I know she’s been looking for some wall art to spruce up her new place. I want to find the best metal wall art Canada offers, and I find just that with a 12 x 18 print of Paris. Not only am I granting her wish for metal wall art, but I’m reminding her of our time studying abroad in France, too.

My credit card payment is due today, so I schedule that then make a salad for lunch. Later, my friend S. comes by with Chinese takeout for us to share—I provide the seltzer. We get settled on the couch to rewatch Gilmore Girls (#TeamJess) and catch up. Later, she crashes on my couch, and I head to bed.

Total: $128

Day Three

S. and I head to Starbucks for caffeine and pastries, then head to our respective homes. I open a dating app and match with an HR manager from the Bronx. We arrange for a coffee date tomorrow before logging off. Then, I make a salad and head to work. I grab another sandwich on my way out, head home, and get ready for bed.

Total: $14

Day Four

Another begins with coffee & cardio. I take some time to look great for this date, then meet my match, L., at a local coffee shop. I order an Americano and a cookie, L. orders matcha and another warm-out-of-the-oven cookie, and we get to know each other. I pay the bill as we head out—I’m feeling lucky to match with L. amidst all the women in New York! I’m excited to spend more time with her soon but, for now, I get ready to go to work. After, I stick to my regular routine—sandwich, home, and then straight to bed.

Total: $29

Day Five

Today’s an easy day at home. First, I wake up and make coffee, then scroll through social media. Then, while I’ve got my phone in hand, I pay my utility bill—thankfully, rent isn’t due for a few more weeks. Then, I play Pokémon with Netflix in the background and make another at-home lunch before my shift. After, I follow my standard routine.

Total: $279

Day Six

Today, I’m mixing things up with an early shift, which calls for coffee before getting ready. After that, I work from eleven to five, grab a side salad (like my usual sandwich, at half-price!), then head home again. I scroll through social media to accompany said salad and call S. to chat for a while. Later, I order dinner in—tikka masala and naan—and watch the latest episodes of my new go-to K-drama. After, it’s time for a shower, then straight to bed.

Total: $35.50

Day Seven

With another day off (two in a week is a privilege!), I’m excited to meet L. for dinner tonight. I do a quick yoga workout, shower, and do some laundry and other chores before a short beauty nap. Then, I get ready for the evening and meet L. at a new sushi spot—we split a kale goba salad and avocado rolls. She tries to cover the check, but I push for a compromise: we split it. After, we walk back to my place to end the night.

Total: $22

Total for the week: $555.50

 

DMA forex brokers are widely known as the top traders in the world. The top ones are the ones that can provide you with accurate and up to date information at all times. They update information through email, SMS or even through their websites. They are the ones that have been registered and approved by the government to provide information on foreign currencies. Before going to select a DMA broker, you need to find more info. Here is a list of DMA forex brokers for you to find the best.

1. DMA:

Direct Market Access (DMA) is one of the most popular trading methods in the world. It is a direct trading platform that is used by many brokers to provide their clients with information on their forex trading. DMA forex brokers for this year have included new features like mobile and SMS trading options, along with their usual functions.

2. Provide a Wide Range of Services:

This is the best place to find forex brokers for the year. DMA newest forex brokers, providing a wide range of services. You can find an extensive list of services here. Some of the features that these platform offers are order execution, check deposits, risk management, custom orders, market orders, customizable charts, real-time quotes and alerts, among others. You can also find information on their privacy policy.

3. Certified with BBB:

This is another online broker that offers a wide range of services. They have been certified by the Better Business Bureau (BBB) to ensure that they are reliable and trustworthy. When looking for DMA forex brokers for a specific currency pair, you can check their site and find liquidity providers, as well as order execution and risk management features.

4. DMA Liquidity Providers:

The DMA liquidity providers are chosen based on the volume of trading done in the past. For instance, the largest liquidity provider should be the broker that offers the highest rate of interest to its members. This is because the large number of trades handled by the dealer will result in them earning a higher rate of return for the trader. The larger the number of trades done in a day by the dealer, the higher the amount earned by the trading firm.

5. Availability of Interbank Market Depth:

DMA forex brokers also offer other types of services, aside from the execution of the trade. You can find the availability of interbank market depth. With this service, a broker will be able to access the interbank market to buy and sell currencies. This is ideal for those who are not comfortable with trading in the interbank market for they do not know where to find the market depth.

6. Availability of Spreads:

The availability of spreads is another service offered by DMA forex brokers. With spreads, you can find out how much currency can be bought or sold at one specific rate without involving higher broker charges. Brokerages may also provide their clients with direct market access, which means the broker will find the best rates available for their client’s transactions. Some of the most common spreads include the London Interbank Market (LBMI), the New York Interbank Market (NYM).

7. Market Analysis:

DMA forex brokers also offer a variety of other services that can help their traders make more money while they are dealing with the trading market. Some of these services include market analysis. If you are a new trader, you can use the services of a trading desk to analyze the movement of the prices and identify potential opportunities in the market. They can also identify trends and developments and let you know when to invest or when to sell. With these, you can get an insight into how you can improve your chances of earning more profit while you are doing your daily trading.

8. DMA Forex Brokers for a Strong Future:

The list of the best forex brokers goes on from who knows where to find them. The truth is that there are so many more brokers out there. This is why there are so many DMA forex brokers for a strong future. These forex broker companies have unique strategies and indicators that they use to find the best forex brokers for a strong future, and they do their research for a good reason. They know what’s going on in the market, and they know when to execute and place their trades.

Finding the best brokers requires a little work on your part because many traders don’t know where to look to find the best forex brokers for a strong future. It starts with finding the best DMA forex brokers for your trading needs. Because you can use any one or more of the many indicators out there to help your trade decisions. DMA has been around for quite some time. They have proven themselves to be dependable and effective in helping many traders achieve profitable trades in the forex market. Using a DMA broker will provide you with the edge over other traders when it comes to trading the forex market because you will have access to liquidity providers.

 

Being a sports handicapper could put you in a pretty unique position as a sports bettor. Sports punting is pretty widespread and plenty of people all over the world bet on their favorite sports every day. Some do it casually while others have made it a way of life. Sports handicappers, though, are a cut above the rest.

The term handicapper, specific to sports betting, refers to someone who does deep analysis into sporting events in order to give themselves an advantage over the bookmakers. Pretty much anyone could become a handicapper and, whether you’d like to take it on in a professional fashion is up to you. There are both pro and amateur handicappers making bets on various sports every day. The former typically spends hours looking into figures, statistics, and just about anything that might give them an edge.

Serious handicappers take many things into account before betting on a particular event. Previous performances, injuries, player form, home and away stats, the ease or tightness of a schedule, and back-to-back games all form part of the analysis. Some even develop their own models to make this easier.

While many handicappers keep their findings to themselves, a great deal of them share their tips online. Sports analysis isn’t the only thing handicappers focus on, finding the best odds and deals could also offer the leg up. There are countless betting sites available online, with outlets like Youwager review among the most reputable.

Handicappers come in different forms. One group, referred to as “generalists,” dip into a number of sports and bet on whatever is happening at the time. But most handicappers specialize and focus on just one or two sports as it allows them to spend more time doing research.

Sports are seasonal events, with most campaigns lasting 8-9 months a year in professional leagues. Of course, this isn’t ideal for handicappers, especially if betting happens to be their chief source of income. One sport might be enough if there are off-season tournaments available. Take football, for example, you can almost always find international activity afoot after clubs break off for the summer. The World Cup comes about every four years but there’s also the Euros, which comes around every four years too but never the same year as the World Cup. Football handicappers can also get by on pre-season football, leaving them with enough to bet on while the official club season lies dormant.

You could find very profitable handicappers in both groups so it’s hard to say which group is better but specialists are likely to find more success as they could narrow their focus and concentrate on just one or two sports, which leaves them with more time to understand everything that goes into them.

Other groups will rely on data scraped by models they’ve developed themselves. While those are not foolproof, many of them are pretty accurate most of the time.

Yet another group makes their picks based on opinion. This does not mean that they simply guess – they still do the research. The difference is they prefer not to have systems guide their hands.

Handicappers take on just about every type of bet there is to make but some stick to particular types such as Money line, Over/Under, and Parlay Picks.

You might not have the time to put into handicapping yourself. Fortunately, you could make some decent money following a handicapper. Tailing a handicapper could leave you in just as great a position as the handicapper as you could take advantage of the many hours of analysis. This practice works out well for folks who, as mentioned above, simply don’t have the time. Also, they might not have the resources or know where to look, or they could just be new to betting.

There are plenty of tipsters offering free advice online but it’s worth making sure they have a winning track record. If you find one of those, they could have you ride in the green for years.

You could also find great handicapping guides online but we have a bit of advice right below that could set you on your way.

Mainly, do the research. The quicker you come to realize what you already know will get you nowhere when it comes to sports betting, the better. Every single game is different and, though anything can happen once that whistle blows, there are lots of factors leading up to any game that can give you a better chance of making the correct choice. You might decide to bet on a sport because you enjoy watching it but, once money gets involved, it pays to do your homework.

 

When applying for Social Security Disability Insurance (SSDI), the process can take several months or even a year or more, during which time applicants may be able to recover financially in several ways. Specifically, applicants can apply for other types of support, work while complying with SSDI requirements, and seeking other sources for financial support.

This article will review each of these methods and how they can work in an SSDI applicant’s favor.

Applying for Other Types of Support

In addition to SSDI, there are other types of support programs available to individuals on a local, state, and federal level.

For example, SSDI applicants may be eligible to enroll in the Food and Nutrition Services program, i.e. food stamps, which is available via the Division of Social Services. Additionally, applicants may also be able to apply for Medicaid through the Division of Health Benefits.

Other programs may include the Department of Social Services or a local family social services office. Working with a social worker in either department may be able to help determine if an SSDI applicant qualifies for other programs.

Seek Other Resources for Financial Aid

Apart from applying for various programs, SSDI applicants may be able to identify other sources for financial assistance while their SSDI application is pending.

For example, if an individual owns a home, it may be possible to refinance or take out a home equity loan on the home. If the individual has family or friends who are capable of providing support, it’s possible to request this or accept their offer to do so.

If individuals have a life insurance plan or 401k retirement plan, they may be able to cash it out or borrow against it. Finally, local charity organizations may also be able to provide support if needed.

Work While Waiting, if Possible

It’s also possible to work while waiting for SSDI applications to go through, but there are certain conditions that applicants must meet to avoid having their application denied.

If individuals want to be able to work while filing for disability, they can do so by adhering to the program’s guidelines for eligibility. These include earning income below $1,260 per month, which is the threshold for “substantial gainful activity,” or SGA. If a person makes a higher monthly income, they may no longer qualify for SSDI.

When applying for Supplemental Security Income (SSI), individuals won’t be able to make a substantial income, nor will they be able to accrue other assets.

Ultimately, SSDI and other similar programs are intended for people who are unable to work, and any income could put applicants at risk for ineligibility. However, if a person can make an income level that falls below SGA, they may not be at risk. In some cases, income from employment may not impact eligibility at all, but it’s important to speak with authorities on the program about this to avoid disqualification.

Any of these sources of financial relief could help individuals if their SSDI application is currently pending, leaving them with many options in the event of a disabling injury that prevents them from working.

 

Following any type of accident causing an injury, there are several ways to go about covering the costs of the injury and other damages, including health insurance, car insurance, and personal injury claims. The following are some of the specific ways to avoid going bankrupt following a personal injury. Whether individuals are involved in car accidents or other types of accidents or incidents, these may apply to a given situation.

Health Insurance Coverage

Following an accident, it’s important for injury victims to seek medical treatment immediately if needed. Victims’ health is always a top priority over other aspects of the accident. However, major injuries and other factors can contribute to expensive medical bills that could put a financial strain on victims as they recover.

To help cover these expenses, health insurance coverage may help alleviate this financial burden and cover many costs associated with treatment and recovery. While it might not cover everything, including more extensive or cosmetic procedures, it can help significantly reduce overall costs.

Car Insurance Coverage

In addition to health insurance claims, victims may be able to file car insurance claims to help cover the damage done to their vehicle in a car accident. Repair expenses are often steep, and they can be especially costly when compounded with medical expenses. Thankfully, accident victims may be able to recover some of these costs with the help of a car insurance claim. If individuals aren’t responsible for the accident, it’s often easy to prove liability and recover compensation via an auto insurance claim. In the process, individuals can make sure their vehicles get the repairs they need without compromising their ability to recover.

Personal Injury Claims

As personal injury victims recover after a serious accident or incident, there are additional costs involved beyond those pertaining to recovery and vehicle repairs. For example, victims may miss work for an extended period of time to recover, resulting in lost wages as they are unable to earn a paycheck. Additionally, pain and suffering could cause serious emotional and physical distress that may be compensable if another party’s negligence caused the initial accident.

To recover some of these economic and non-economic damages, personal injury victims may be able to file a personal injury claim with the help of an attorney. While a lawyer can help collect evidence proving negligence and organize a case, victims can focus primarily on recovering.

Personal Injury Lawsuits

In some cases, personal injury claims may not be sufficient. If victims aren’t responsible for an accident and wish to seek damages from negligent parties whom they believe are liable, they may be able to file a personal injury lawsuit. This will entail taking the case to court if the defendant refuses to pay. During the court proceedings, the defendant may be found guilty, in which case the courts may award compensation to the victim to help the victim recover. These damages may include medical expenses, damage to vehicles and other belongings, or pain and suffering that the victim experienced because of the accident and injuries.

If injury victims are worried that they may need to file bankruptcy, these sources of financial support can prevent this.

 

One way for owners of historic homes to save on Illinois property taxes is to enroll in the Property Tax Assessment Freeze Program. While rehabbing historic homes in Illinois can be a challenge that’s both costly and time-consuming, the Property Tax Assessment Freeze Program is intended to alleviate some of these costs by relieving homeowners of their tax burden.

How the Program Works

Specifically, the program works by freezing the assessed value of homes that are historic, occupied by the owner, and have served as an owner’s principal residence for at least eight years upon the owner’s decision to rehabilitate them. If the rehabilitation is approved, individuals may qualify for the program. Once a homeowner has enrolled in the program, the home’s assessed value returns to the market level over the course of four years.

The Illinois State Historic Preservation Office has made this program entirely free to homeowners throughout Illinois. Ultimately, the program effectively rewards homeowners who undertake rehabbing projects to restore historic properties.

Steps for Getting Approved

If property owners are planning on rehabbing a historic home, there are ways for them to get approved for the Property Tax Assessment Freeze Program. First, the property must meet certain conditions, including:

• The home has to be a certified historic structure. These structures either appear on the National Register of Historic Places or are designated historic structures in a community through an approved historic-preservation ordinance.
• It also must be a single-family, principal residence that the owner occupies, or it needs to be a condominium building, cooperative building, or an owner-occupied apartment complex with a maximum of six units.
• The rehabilitation needs to be over 25% of the fair market value as determined by the property’s assessor, and it must meet the Secretary of the Interior’s “Standards for Rehabilitation.”

If an individual meets these criteria, they will need to take the following steps:

1. Find Out if They Qualify

Individuals can first consult the Illinois State Historic Preservation Office or their local landmark commission to find out if a historic home is considered a certified historic structure. They can then contact an assessor or look at a previous property tax bill to determine the fair market value for the property.

Additionally, individuals can figure out whether rehabilitation will cost more than 25% of the fair market value and speak with the Illinois State Historic Preservation Office to find out if the property meets their “Standards for Rehabilitation.”

2. Receive Approval for Planned Work

Property owners can request an application from the Illinois State Historic Preservation Office for the program. Before rehabilitation begins, they can complete and submit Part 1 and 2 of the application, attaching photos of the property and rehabilitation plans before construction begins. The State Historic Preservation Office can then decide whether to approve the work.

3. Have Work Approved

Following rehabilitation, individuals can submit Part 3 of the application, attaching photos of the finished project along with documentation pertaining to costs. The State Historic Preservation Office may then send a Certificate of Rehabilitation.

When buying a historic home that needs work, taking these steps can help owners save money and make rehabilitation less financially straining.

 

If you’re unsure of how online casino betting works, continue reading in order to discover a foolproof, step-by-step guide that will teach you the basics of how online casino betting works. So that you’ll be able to make smart decisions when it comes to placing bets.

Players can play for fun or place monetary bets:

Online casinos offer players two options. Players can play for fun or they can choose to play monetary bets, just like at a traditional casino. Beginners are usually advised to play a few free games for fun before they place their first bets at a new online casino. So that they know exactly what they’re doing and don’t accidentally place bets which they may regret.

Online casinos often offer high jackpots than traditional brick and mortar casinos:

You may be surprised to read that online casinos often offer much higher jackpots than traditional brick and mortar casinos. The reason for this is that most online casinos attract a far higher number of players on a daily basis. As online casinos are incredibly convenient and can be visited at any time of day and can attract international players from around the world. One online casino which is well worth visiting is 22bet.ng/casino/.

Slots have minimum bets and maximum bets:

Players who choose to play slots, get to choose how much money to bet per spin. Many players choose to bet the maximum amount, in order to win lucrative bonuses. However, players can place smaller bets, if they want to play for longer and to go through their money at a slower rate. Also keep in mind that some casinos have minimum bets, which players must reach in order to be able to cash out their bonuses. So if you don’t intend on going through a lot of spins, you may want to avoid making maximum bets.

Some online casinos allow players to bet on the results of sports matches:

Many online casinos have diversified and now allow players to be on the results of a variety of sports matches. Some sports that players can usually bet on include football, soccer, baseball, basketball, tennis, and golf. If you religiously follow a particular sport, you may have the knowledge needed in order to make well-informed bets, which could win you a lot of money. Remember that the riskier your bet is, the more money that you may be able to win.

You can withdraw your winnings to an approved bank account:

Once you’ve won money, you have two choices. You can choose to keep playing and to use your winnings to make further bets. Or you can have your winnings transferred to an approved bank account. Alternatively, you can choose to spend a percentage of your winnings to a bank account and to continue playing with a small percentage of your winnings. Such as 20% of your earnings.

In conclusion, if you were curious about how betting works at online casinos, compared to traditional casinos, hopefully, you now have a clear picture of how to bet at an online casino.

 

Getting a new property is an exciting time and whilst it may be tempting to borrow the absolute most that you are able to, it is critical that you are smart with your budgeting before you apply. I was helped greatly by the team at Accelerate Mortgage when I bought my property back in 2018. Were it not for the team there then I may very well have gone about things the wrong way, and they were superb in helping me to budget properly for the mortgage which I eventually took on.

If you are considering buying a new property or your very first property then here is how you can put together a smart budget plan which will help you to then decide how much to borrow.

Problems With Poor Budgeting

The mistake which many will make is to assume that their budget will be the total amount that they have, once they have subtracted their other spends from their salary. The truth of the matter is that your budget should be around 50% of this figure. When you max out your available income like this, you restrict yourself greatly in so many areas of your life. You have to still consider savings and the risks involved with potential future problems when you are budgeting.

General Rule of Thumb

Generally speaking you should be looking at a budget for your mortgage which is going to be 28% of your pretax income. At the very most you should be considering 40% of you pretax income. Any more than this will open you up to a high level of risk. Those going for 40% should be doing so if they are in this along with a partner, so as to mitigate the risk. Many forget that whilst everything in their lives may be comfortable at the moment, this may not last. Things can change very quickly in life, job losses, divorces and even death can alter your financial situation and that is why you shouldn’t greatly expose yourself with an expensive mortgage.

Considering Your Future

As you budget it does make sense to think about your future plans. For example if you are in a career whereby you will continue to rise ups through the ranks, then you may wish to take on a little extra with regards to the mortgage. For example there are many who are working in low paid positions as they train, and are confident that once they qualify, that they will be earning a much higher salary. Also consider further plans regarding your family, if you wish to have children ini the future then that too will become a cost that you will have to incur, giving you less spending power.

The smart move here is to budget that 28% and then look to get a mortgage which you are able to overpay. This way you can commit to a larger payment each month, helping to bring down the mortgage, and if you can’t afford to overpay all of the time, you won’t have to.

Many people look forward to retirement as an opportunity to live comfortably. And for those who want to make the most out of their savings or pensions, living abroad is a common consideration. Some countries are ideal for retirees, especially when it comes to affording a simple lifestyle. But, transferring to a foreign country also means you need to transfer your source of funds. As such, you can either leave your pension fund in your home country or take the money with you.

Accessing your money while living abroad

If you leave your pension fund in your home country, you might be able to access your funds if the provider allows it. The good thing about this option is that you can take advantage of all pension schemes available in your country. Depending on the guidelines, your provider may not allow direct payment to a foreign bank account. Even if they can, there are exchange rate fees and other charges that will apply.

An alternative would be to cash in your pension and put the money in a bank account in your home country. You can then access the funds while living abroad. If you open a foreign bank account, transferring your money will be less of a hassle.

Should you transfer your pension abroad?

Having an overseas pension is another choice, as long as your pension provider allows it. You need to check if the pension scheme is qualified, and you also need to verify if taxes will apply. Similar to transferring your money, there may be fees and charges that apply. As such, the transfer could significantly diminish the amount you get when you retire.

Instead of transferring your pension directly, what you can do is consider offshore investments. Nonetheless, you need to be aware of the risks. A financial adviser can help you assess your current financial circumstances and determine if making an offshore investment is the best move for you.

Paying taxes when you transfer your pension abroad

Even if you live abroad and bring your pension fund with you, you still have tax obligations to your home country. In addition to that, you’ll also need to pay taxes in your current residence. If you live in a country with a tax agreement to your home country, it may eliminate the possibility of paying taxes twice on your pension. So, before choosing a country where you want to retire, you need to thoroughly verify tax rules and how they will affect you financially.

Getting the help you need

While planning for retirement abroad, you’ll need all the expert help you can get. There are services that specialise in helping pensioners who are considering living abroad. These services are either private or public, hence there’s no shortage of information if you exhaust all available resources.

Moreover, you can hire a fund manager or a financial adviser to take care of all the technical matters. Make sure that you choose a specialist from a reputable firm. If possible, get an adviser from your home country and one from the country where you plan to retire.

Image: https://unsplash.com/photos/5bYxXawHOQg

 

Drivers who are in a car accident in a rental car may face additional financial repercussions than those who are driving their own vehicle because of the additional risk the rental car company takes when renting out the vehicle. This is true even if the driver was not at fault for the accident. Taking the right precautions before and after a crash can help drivers avoid unnecessary expenses and legal implications.

Drivers Need to Consider Insurance Before Renting a Car

Insurance is critical for rental car drivers. Drivers need to have their own personal car insurance, which covers their liability in the crash. In fact, to protect themselves, many rental car companies require proof of personal car insurance before they will rent a vehicle to a driver. However, drivers may not have full coverage on their policies for damage to rental vehicles.

Most rental companies also offer loss damage waivers and collision damages waivers. These supplement the driver’s insurance company and take away the liability if the car is damaged in a crash.

Finally, credit card companies often offer insurance coverage for vehicles the cardholder rents with the coverage. This coverage varies but it can provide an additional layer of protection.

First Actions After a Crash

If a driver in a rental car is involved in a crash, the steps to take after are the same as the steps taken after a crash involving the driver’s own vehicle. First, the drivers and others involved in the crash need to make sure everyone’s medical needs are met and the appropriate emergency professionals are contacted. Drivers should share their insurance information with others involved in the crash and avoid making unnecessary statements that could imply fault.

As soon as possible, all affected parties should call their insurance providers to discuss a car accident claim. Doing this soon after the crash allows the insurance company to start collecting the data and details about the accident.

Next, the rental car driver needs to call the rental company. The rental company has a role in handling recovery, repairs, and replacement of their vehicle. They may also need to provide insurance information to the driver.

When Is the Driver Liable For Damages?

If a driver of a rental car is guilty of causing an accident, such as in the case of distracted driving and cell phone use, he or she may be liable for the accident. As long as the driver has liability insurance, he or she will not be personally liable for injury or property damage to others in the accident. However, because he or she does not own the car, he or she may have to repay the rental company for the car.

This is where car insurance coverage for rental cars is so important. Collision insurance can protect the driver from this financial responsibility, as the insurance will cover the cost to replace the vehicle. For this reason, rental car drivers are best served by checking insurance coverage before signing for a rental vehicle to ensure they will not be left with a big bill after an accident.