As you look through your auto policy documents, you might
have seen a coverage called Rental Reimbursement. What is this?
And do you REALLY need it?
Basically Rental Reimbursement coverage is there to help you
when your car is unavailable due to a covered claim.
Let’s say that you had a fender bender and your car is in
the shop for a few days getting a new bumper.
Or after a major storm, you’ve got hail damage that needs to be
repaired.
While the car is being repaired, what will you drive?
That’s where Rental coverage comes into play. With this coverage, the insurance company
will pay a certain amount per day (based on your policy) towards a rental
car. That way, you’re not inconvenienced
while the repairs are being made.
We highly recommend that you have this coverage, however
there are a few situations where it might not be necessary.
If you own multiple vehicles and could easily drive another
while your car is in the shop, you may not need rental coverage. And if you rarely drive your vehicle, don’t
have a job that requires you to drive daily, and could easily stay home for a
week and walk where you need to go, you may not need rental coverage either.
