Rental reimbursement amount varies according to the policy
After a car accident, it can be a hassle – and expensive – to arrange
for alternate transportation while your vehicle is being repaired.
Rental car reimbursement helps pay for a rental car if your own vehicle
can’t be driven due to a covered collision insurance or comprehensive car insurance claim.
If
your car takes weeks to repair, this coverage can save you hundreds of
dollars. Without rental reimbursement, you run the risk of paying for
the rental car with your own funds.
It’s important to read your policy
carefully to determine if all or a portion of the rental costs will be
covered. This is typically specified using a daily limit and an overall
maximum amount. For example, rental reimbursement coverage defined as
30/600 provides a maximum of $30 per day and an overall maximum of $600
during the entire time the vehicle is being repaired.
Lower your premiums by purchasing a lower daily limit
Purchasing
a lower daily limit decreases your premium but still provides some
rental car coverage; you simply pay the difference. While you won’t get
as much coverage, you can relax knowing that some of the rental car
costs are covered.
Rental cars aren’t your only option
Rental
car reimbursement may also apply to public transportation. If you
choose to ride the subway or take a taxi to work, you may still get the
benefits of rental reimbursement.
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