Watch our video to learn more about the car rental coverage.
It is my experience that one of the most frequently asked questions are provided after being involved in an automobile accident is this: "Does my insurance policy covers the cost for me to get a rental car while my car is being repaired in the shop? " If you find yourself in a situation where you ask this question, keep in mind that the answer varies depending on the coverage available to you on your personal auto insurance policy, and the demands of the car rental company you have selected. Here are three tips to help you understand the car insurance process after a covered auto accident.
- coverage Car Rental, also known as the coverage of transport costs, are not always automatically provided in a personal auto insurance policy . Most insurance companies offer this option protection, which means it has to be purchased by the policyholder for the coverage to apply. Make sure you know your coverage limits before signing any document for hire as limits for this type of coverage can often be low and consumers could find themselves paying a portion of the rental fees out of pocket.
- What forms "Collision Damage Waiver"? Most car rental companies require that you have full coverage (liability, comprehensive and collision) when you rent a vehicle for their business. If you do not have full coverage on your personal auto insurance policy for at least one vehicle, you'll probably need to buy coverage from the rental company, which is Damage Waiver coverage called Collision.
- Who pays for your car rental if you are not to blame in the accident ? you have choice of who pays for damage to your car, and the cost to get you in a rental car while your car is being repaired. There are advantages and disadvantages to decide who pays for rent
- If you decide to leave your own insurance company to pay for your damages, there is minimal delay in getting your repairs started and you in a rental car. However, you will pay your deductible front. Depending on your carrier subrogate the costs incurred, including a franchise; subrogation means they have the right to recover the amount of the claim, including your deductible, the company's insurance offending driver.
- If you decide to go through the insurance of the driver responsible, then you will not have to pay for your franchise. However, you run the risk not only delaying repairs to your vehicle, but your ability to get quickly in a rental car. The reason? Insurance companies will not pay for damages or a rental car if they find their policyholder is at fault for the accident. Unfortunately, the determination of fault does not always happen quickly, and this can cause delays
- Your choice may depend on a number of issues such as :. Is your current vehicle drivable? Do you have another car in the household that you can drive? Is a rental required to continue uninterrupted your daily life?
If you ever need to file a request for self, I hope my tips above have helped you understand the rental process. Be sure to talk to your independent agent about what kind of coverage you currently have on your personal auto insurance policy and if you need to purchase additional coverage to avoid any expense out of pocket for a rental accidents.
covers here are described in the most general terms, and subject to the conditions and actual policy exclusions. For the wording of the cover, conditions and exclusions, please contact your policy or agent.
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