We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We maintain a firewall between our advertisers and our editorial team.
Our editorial team does not receive direct compensation from our advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. Bankrate follows a strict editorial policy , so you can trust that our content is honest and accurate.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories.
Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
All insurance products are governed by the terms in the applicable insurance policy, and all related decisions such as approval for coverage, premiums, commissions and fees and policy obligations are the sole responsibility of the underwriting insurer.
The information on this site does not modify any insurance policy terms in any way. Rental car reimbursement provides rental car coverage if your car is in the shop for a covered claim.
Coverage for renting a car typically only kicks in when your car is being repaired due to damage from an accident or other covered event. Mechanical breakdowns are generally not included as a covered event. Rental reimbursement coverage only works when you have purchased a policy that includes it or purchased it as a separate endorsement, file a claim and have it approved. If you have rental reimbursement on your car insurance, you will typically be eligible to rent a car up to a certain dollar amount per day while your car is being repaired due to a covered loss.
If you decide to rent a car that costs more than your coverage allotted, you can usually pay the difference out of pocket. Typically, your insurance company will pay the rental company directly if they are partnered.
If not, you usually have to pay upfront, and the insurance company will reimburse you up to your policy limits. If another driver caused the damage for the covered loss, a rental car should be covered by their car insurance liability coverage.
Rental reimbursement coverage is per vehicle, whether you have a single car or multiple vehicles insured on the same policy. If you have two cars and only one has rental reimbursement coverage, your rental car will not be covered if you file a claim under the car that does not have this coverage listed. The rental amount covered and length of time varies by company, policy and the amount of time you are actually without your car, so be sure to read your policy and stay in contact with your claims adjuster to know your limits and responsibility.
For your rental car to be covered by insurance, two things generally need to be true. First, the vehicle breakdown should have been the result of a covered insurance loss. As mentioned above, a mechanical breakdown is typically not a covered insurance loss. Secondly, you or the other driver need to have the appropriate insurance coverage in place. While this may be true, the time it takes for your claim to process may add a waiting period before you actually receive coverage for a rental.
This is a basic component of most car insurance policies. If you have adequate liability coverage on your own vehicle check with your insurance provider , you may choose to skip this one. Personal accident insurance.
This covers your medical bills in the event of a crash in the rental car. As long as you have personal injury protection or medical payments coverage on your auto policy and reliable health insurance, you may not need this coverage.
This is not an insurance product, but rather a waiver that transfers financial responsibility from you to the rental car company in case of damage or theft. Personal Effects Coverage. Skip to main content Toggle navigation Log in. Edit location. Select a product to get a quote. Register new account Pay your bill. Get your ID cards. Updated: May For some drivers, rental car insurance is a necessity.
Video Transcript If you've ever rented a car, you've gotten this question: Do you want to purchase extra rental car insurance? Safe travels! Quality Auto Coverage Starts Here. Get a quote Find an agent. Liability coverage helps pay for another person's medical bills or damage to another person's property if you cause an accident in your vehicle or your rental vehicle. Comprehensive coverage helps pay to repair your vehicle or your rental car if it's damaged by a covered peril, such as theft, wind, fire or natural disasters.
Your comprehensive coverage's deductible will apply. Collision coverage helps pay to repair your vehicle or your rental car if it's damaged when you collide with another vehicle or object, such as a fence or a tree. Your collision coverage's deductible will apply. Forbes says some credit card providers may exclude coverage for certain types of rental vehicles, such as: Luxury vehicles Motorhomes Trucks Motorcycles Be sure to check your benefits before you rent.
If any of the following scenarios apply, the extra protection provided by rental insurance is worth considering: Your current policy doesn't have comprehensive and collision coverage You're only insured under a commercial car insurance policy You don't want to risk paying a high deductible And if you're driving abroad apart from Canada , your current car insurance probably won't cover you.
Personal Effects Coverage Personal effects coverage may help cover your personal belongings, such as your laptop or clothing, if they're stolen from the rental car. Personal Accident Insurance Personal accident insurance helps pay your and your passengers' medical bills, if you're injured in a rental car accident. Rental Reimbursement Coverage: The Basics.
What is Comprehensive Insurance? This content is for informational purposes only and may not be applicable to all situations. Coverage subject to terms, conditions, and availability.
Policy issuance is subject to qualifications. Connect With Us. Update Below. ZIP Code. City, State Set Your Location. You have entered an invalid ZIP. Please try again. Location data not available. Please enter zip code. Please Wait Updating Location It's taking a bit longer than expected.
0コメント