When you have encountered a collision and your car is being repaired, and you want to save more money, you can also try Rental Reimbursement Insurance. This helps you to pay your transportation expenses such as rental cars or public transit fare for you to use when your car is still in repair. You can also use Rental Reimbursement Insurance from the type of coverage you have on your car insurance policy. You can also own benefits by using your Rental insurance like by traveling on your own. You can also meet new people and encounter how it feels to be a commuter rather than being in your car on your own, without someone to talk to or to smile with while you travel.
What does Rental Reimbursement Insurance cover?
Rental reimbursement varies its coverage from its daily basis and claims limit. Like for example, you have $25 per day, and you have a total of $750 per claim for rental reimbursement then your insurance will pay $25 per day, but it is not more than $750 per claim for the rental.
In terms of rental provider, you have the right to choose who you want. If you select another one, then you will have to pay the cost, and they will reimburse to you the rental reimbursement up to the limit for your claim. You can always ask the rental company if a direct billing is available.
What does Rental Reimbursement Insurance Do Not Cover?
Rental reimbursement doesn’t include the cost of gas, additional coverage or mileage, and any security deposit which may require by the rental company. Most of the rental providers will ask you to get additional insurance from them for them to cover the rental car. Usually, if you have a comprehensive or collision coverage, they use it to transfer to your rental car while you are waiting for the repair of your vehicle.
You can rent a car which can be comparable to your vehicle in most of the state. However, if it’s daily rate are more than your daily limit, you will have to pay its difference. Repairs for the vehicle may take weeks before you can use it again, maybe you want to consider using or rent a car that has a lower rate for your daily rate so that your reimbursement will be used longer.
Does Rental reimbursement have deductible?
Rental reimbursement has no deductible but, if you have a covered claim, you will have to pay for your deductible if it is a comprehensive or collision coverage.
Overall, rental reimbursement is a big help as your reservation if you need a car rental reimbursement. It will be your coverage for your payment in your transportation expenses and others, while your car is on the repairing process. Rental Reimbursement is not included in your insurance coverage, so you need to add payment and request for you to have it. Get to know more about rental reimbursement coverage or buy one, call your insurance company now.