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Is Rental Reimbursement Coverage Worth It?
Manage episode 348075679 series 3407873
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Do you have a reliable way to get around if your vehicle is in the shop for repairs? If you don’t, you aren’t alone. In fact, in a recent poll conducted at Elephant, we found 27% of participants didn’t have an alternate way to get to work if their car was out of commission. That’s where rental reimbursement can help.
Also referred to as “rental car coverage” or “transportation expense coverage,” rental reimbursement helps you pay for transportation expenses while your vehicle is being repaired in a covered insurance claim. It covers the cost of rental cars and/or alternate transportation such as bus fare, cab rides, or ridesharing costs.
So, is it worth adding rental reimbursement to your auto policy? To help illustrate the ins and outs of the add-on, we’ll answer some common questions about rental reimbursement coverage.
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