Rental Car Reimbursement
After an accident, it is not uncommon to have to rent a car while your vehicle is being repaired. However, many people do not consider their auto insurance coverage until after the accident. Knowing if your car insurance policy will provide coverage for your rental car can help to make sure that you have the coverage you deserve.
Most auto insurance policies will not automatically cover the cost of a rental car while your vehicle is being repaired. Since the average time that a car spends in the shop after an accident is two weeks, the cost to rent a car can be as much as $500. Making sure that you have rental reimbursement coverage can help to make sure that you do not have to dig deep into your pockets to get the right amount of coverage.
Rental reimbursement coverage can be added to your auto insurance policy for as little as $5 a month. However, many people overlook the coverage because they are looking for the least expensive policy or they do not think they will ever get into an accident. The cost of rental car replacement can easily add up if you do not have to use the coverage for a number of years. However, as soon as you need to rent a vehicle, the coverage will pay for itself.
If the other driver was at fault for an accident, you may assume that their insurance policy will provide rental car coverage. However, it can take a couple of days for the claim to go through, which could mean you will be out of a car for a few days. Having your own coverage will help to make sure that you are properly protected and can get back on the road as soon as possible.