5 January 2017
When people think of getting a rental car, being on vacation is often the first thing that comes to mind. While it is true that having a rental car during a trip can make it all the more enjoyable, that’s not the only time you may need this type of vehicle. If you are involved in a car accident, you’re going to have a lot on your plate. Even if you’re fortunate enough to avoid any serious injuries, there’s a lot to deal with after this kind of incident.
Without the right kind of coverage, one of the things you would have to deal with is figuring out how to get to work and anywhere else you might need to go. However, the good news is there’s a way to protect yourself. That way is called rental car reimbursement coverage. We’re going to cover exactly what this coverage is and how it can help you save money.
One of the biggest misconceptions about auto insurance is it will automatically cover all of someone’s costs after an accident. The reason that’s not true is if you want coverage for expenses like a rental car, you’re going to need to purchase this optional coverage separately. It’s also important to understand that rental car reimbursement coverage does have a limit. Using the example of 30/900, you would be reimbursed for up to $30 a day, with a maximum reimbursement of $900. Keep in mind that $30 is around the daily baseline for an economy car rental, so you’ll want to make sure you choose coverage that will actually take care of you instead of still requiring you to pay a substantial amount out of pocket.
Although you won’t be able to use this type of coverage if you take your car to the shop for routine maintenance, it will apply to any situation where your car is being repaired and isn’t drivable due to an accident. This brings up another important point, which is that it’s sometimes possible to get reimbursed for rental car expenses from an at-fault driver’s insurance. But that process can take time and negotiation, which is why rental car reimbursement coverage is more reliable and convenient.
As with any type of insurance, it’s always important to crunch the numbers and ensure that it makes sense for you. With rental car reimbursement, this coverage often costs less than people expect. Another useful aspect of this coverage is as long as you have comprehensive coverage and collision for your normal car, it should transfer to your rental vehicle and save you from needing to pay for any additional insurance.
If you want car insurance that’s going to provide all the coverage you need in a variety of situations, Cincinnatus Insurance is here to help. We make it easy to get a free quote online. You can also call us for expert guidance at 513-587-3553.