Coverage on a policy that is typically optional. Provides reimbursement for car rental expenses incurred when a vehcile is being repaired after a covered loss. Usefulness: N/A(1 rating) by Andersen777 () Rate It! this definition is ... useful somewhat useful incorrect spam / offensive
Rental reimbursement insurance covers your costs should you need to rent a car while your car is being repaired due to an accident.
The business auto policy provides a coverage extension if an auto is insured for comprehensive or specified cause of loss coverage which insures against loss of use of a covered auto only if the auto is a private passenger type auto and is stolen. The coverage extension pays up to a daily limit of $10 and a maximum limit of $300. Payments begin forty-eight hours after the theft and end when the insured auto is returned or when the insurer has paid the insured for the auto. However for broader coverage, the insured can pay an additional premium for rental reimbursement coverage. Rental reimbursement pays the cost of renting a substitute auto for replacement of any covered auto that has suffered a covered loss. The daily and maximum limit for this coverage varies among insurers. Back to list of terms.
pays for the rental of an auto, up to a stated limit, when your insured auto is disabled due to a collision or comprehensive loss.
optional coverage available to pay for a rental replacement vehicle if the insured vehicle is disabled due to a covered collision or non-theft comprehensive claim. The coverage has a per day $ limit and a limit for the number of days of coverage per covered incident. This does not provide coverage for rentals for pleasure use, just replacement.
Pays for your car rental expenses when you have collision or comprehensive coverage, normally to set maximum limits each day
An automobile coverage that pays the cost of a vehicle rental during a period the insured vehicle requires covered repair.
An accident shouldn't leave you stranded without transportation. Rental Reimbursement coverage helps pay for the cost of a rental vehicle while yours is being repaired. In most states, coverage options range from $20/day up to $50/day. This coverage is optional. When you carry physical damage coverage for theft, you may be entitled to reimbursement of rental expenses if your car is stolen even if you don't carry Rental Reimbursement Coverage. Also called Transportation Expense Coverage or Substitute Transportation.
Pays towards expense to rent a vehicle if you have a loss (covered under your Comprehensive or Collision coverage) and your car is disabled longer than 24 hours.
That optional coverage which will reimburse the insured for the expense of renting a vehicle while his/her vehicle is in the shop due to a covered loss. Coverage is usually written with a per day Limit and a maximum number of days per Occurrence. (See Limit; Occurrence)
This optional coverage will pay for the use of a rental car while damage to your car is being fixed or while the claim for a totaled vehicle is processed.
Compensation for the cost of a rental car that is needed while your car is being repaired.
This coverage is used to pay for rental charges incurred if you temporarily lose the use of your vehicle(s) due to a covered loss.
Reimbursement for rental car use when the insured vehicle has been damaged.
This part of a policy pays for the cost of a similar-sized rental car when your car is in a repair shop after a wreck.
To rent a substitute auto due to a loss covered by your Collision or Comprehensive coverages.
Rental reimbursement coverage is optional. If you must rent a car because your own car was out of service due to a covered loss, rental coverage pays you back for money you spent on your rental car (up to a specific limit you select). Be sure to review your policy for any restrictions which may apply such as maximum dollar amount allowed per claim or specific time limitations, among other items.
Optional coverage that will reimburse the costs of a rental car while your vehicle is in repair.
This optional coverage will reimburse you for a rental car if your vehicle is disabled due to a covered loss. This coverage will pay all or part of your rental car costs.