Importance of Carrying Higher Rental Reimbursement Coverage

June 24, 2023

When an unexpected motor vehicle accident leaves you without transportation, having Rental Reimbursement as part of your auto insurance may be vital. The time it takes to repair your vehicle might take much longer than it did in the past due to supply chain issues and staffing shortages. And, the cost to rent a car might cost significantly more than it used to be. In a 2022 report by car rental company Enterprise, it was found that the average time to get a car repaired after a collision was 18 days. Having the proper amount of rental reimbursement coverage will help you to cover the cost of temporary transportation while your vehicle is being repaired.

What Is Rental Reimbursement Coverage?

Rental car reimbursement is an additional coverage that you can endorse on to your auto insurance policy. In the event of a collision or comprehensive claim, rental reimbursement helps to pay for a rental car, Uber or even public transportation fees while your car is being repaired.

The cost of rental reimbursement is usually very affordable. It will go into effect after you file and claim and there is usually no deductible. When choosing the amount of coverage to add to your auto policy, consider how many days you think you might be able to go about your normal routine without your vehicle as well as the cost of a standard rental in your area. Choosing the right amount of coverage and knowing that you will have the proper coverage to avoid an unexpected out of pocket expense will give you peace of mind during what can be a very stressful time.

What Does Rental Reimbursement Not Cover?

Rental reimbursement will not cover the cost of a rental if your car is in the shop for routine maintenance or mechanical issue. It also does not cover the cost of renting a car while you are on vacation. Rental reimbursement is specifically designed to cover the cost of having to rent a vehicle if your car is involved in an accident that results in a claim.

Stay Covered With Higher Rental Reimbursement

Rental reimbursement coverage will have daily and per claim limits such as $40 per day and up to $800 per claim. Higher (or lower) limits might be available, so you should speak with an insurance professional, as well as evaluate your personal needs, to determine the coverage amounts that you will be comfortable with in the event of a claim.

Contact a Brooks, Todd & McNeil Agent Today!

Our independent insurance agents can help you determine if rental reimbursement coverage is right for you. Our team works for you every step of the way – from reviewing and shopping policies to filing claims, we’ve got you covered. To learn more about our products and services, contact us at (800) 448-4567.