Rental reimbursement is an important part of your auto insurance coverage. Let’s discuss what it is and why you need it!
When you suffer an auto insurance claim, it’s not uncommon for your vehicle to need to go to the shop for a few days for repairs. Even minor scratches or dings can require you to be without a vehicle for an extended period of time.
If you have multiple cars this is probably a mild inconvenience. But if you only have one vehicle or limited access to others, then it could be a major problem.
Think about this...
If you were without a car for a week, how would you get to work?
How would you get the kids to school?
If you use public transportation to commute, what about going to the grocery store or the kid’s soccer practice?
When you look at your policy, you’ll see rental coverage listed as a “per day” coverage. It might be $50 per day, or $25 per day. That amount is how much the insurance company will pay for that rental car, simple as that!
If you have a lower amount, but need a larger vehicle, then you’ll be responsible for the additional cost. Let’s say you need a minivan to drive your 4 kids around, but only get enough Rental Reimbursement to cover a tiny economy car. That additional per-day cost will fall on your shoulders, so make sure your policy is adequate before you end up needing it, or you'll have some unpleasant out-of-pocket expenses!
This is what SAV-ON Insurance is here for. We’ll look at your individual situation, ask these questions, and recommend the right amount of coverage to make your life easy when those inconvenient situations occur.
Call SAV-ON today at 888-867-2866 to discuss your auto Insurance coverage. If you’re a current client, we’ll be happy to review your policy and let you know how much rental reimbursement coverage you currently have.