Rental car reimbursement coverage helps pay for rental car costs you incur when your car’s damages are covered by your comprehensive and collision car insurance coverage. For example, you may need to rent a car if your own car is being repaired for damages caused:
- In a car accident where you were at-fault.
- In a car accident with an uninsured motorist.
- From a hit and run or phantom driver.
- By theft or vandalism.
- By severe weather, such as a hurricane or tornado.
What does this mean? When an individual has to rent a car after an accident, rental car reimbursement coverage can offset hundreds of dollars in rental charges. This coverage is added to your auto insurance policy at the time of policy period purchase and ranges from $10 to $12 every 6 months. When compared to the typical out-of-pocket expense for renting a vehicle, it is some of the most affordable and useful insurance coverage you can buy.
In terms of rental reimbursement usage, you are typically authorized to rent a vehicle that is similar in class and size to the vehicle that is being repaired. However, if you’re expecting the repairs to be time-consuming, you may want to choose a lower-cost vehicle in order to ensure that your rental reimbursement coverage does not run out before your vehicle has been repaired. If you are considering purchasing rental reimbursement coverage, keep in mind that this protection only covers rentals needed while your car is being repaired for damages covered under your car insurance policy. A repair to your vehicle under a policy held by the at-fault driver should always include a no-cost rental car during the repair completion.
Do you want a free evaluation of your automobile insurance coverage? Call McGRATH GIBSON today for a free policy review at 904- 358-3300.
