Rates at the following three include liability insurance but not theft insurance, which can be arranged by the renter through a French insurance agency.
If you subtract the $50,000 in theft insurance from the $105,000 total he cites as profit, that brings the total to 55,000.
And the Gardner had felt unable to afford the price of theft insurance.
In other countries, like Italy and Slovakia, battling an epidemic of stolen cars, theft insurance is mandatory at the rental counter, as well.
The high cost was cited as a major reason the Gardner did not have theft insurance.
He informed me that theft insurance in New York City is very expensive - roughly three times what we paid, which was about $8,000 for three years.
He discovered we had no theft insurance, eliminating us as perps, and he never called back.
If I followed this advice, would my theft insurance be invalidated.
Moreover, most people, he believes, would wish to supplement the standard group policy with both theft insurance and collision coverage beyond the proposed $5,000 maximum.
Many museums do carry theft insurance, but most do not insure their collections for their full value because premiums are so expensive.
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