What is Rental Reimbursement Coverage?
Rental Reimbursement coverage is designed to help cover the cost of a rental car when you’re unable to drive your vehicle as a result of an accident covered by Collision or Comprehensive. It’s used when your car is being repaired in a shop after a wreck (but doesn’t work for rentals during your car's regular maintenance or repairs).
Real life example:
A hail storm blows through your town. It takes out your windshield and “remodels” the hood of your car. You file your Comprehensive claim and get an appointment for the following day. Using your Rental Reimbursement coverage, you’re able to arrange a rental to meet you at the shop to use for the two days it will take to get your car back.
Do I Need Rental Reimbursement Coverage?
Since Rental Reimbursement coverage is optional, the value of this type of car insurance coverage depends on your lifestyle. If you have no other options for transportation, you may want to consider adding the coverage to your policy. If you think you could get by on your own, have easy access to public transportation, or have a readily available vehicle to borrow, you may not need the added expense.
Can I Add Rental Reimbursement Coverage?
At Say, if you have Comprehensive and Collision coverage, you can add Rental Reimbursement to your policy with the following coverage options:
- $30/day (up to 30 days)
- $40/day (up to 30 days)
- $50/day (up to 30 days)
You can base your decision about which of those to buy on the type of vehicle you may need. If you have kids and usually drive an SUV, they tend to be more expensive to rent, so you may opt for the higher daily limit. But if you just need a set of wheels to get you from point A to B, you might opt for the cheaper option.
How is Rental Reimbursement Coverage Different From Rental Car Insurance?
Rental Reimbursement coverage is all about covering the cost of auto rentals. The rental car insurance you purchased from a commercial car rental agency is about protecting the vehicle you’re renting from them. So, you may rent a car for $30 a day and use your Rental Reimbursement coverage to pay for that cost, but you may also need to purchase car rental insurance from the agency to cover any damage that happens to their car while you have it.