Rental reimbursement helps cover the cost of renting a car while the vehicle is being repaired after a covered accident. It's an option with car insurance policies that's quite affordable and might be worth it for some drivers. The insurance company will calculate the cost of reimbursing the rental car based on the cost of renting cars in your area. But it depends on your insurance company, some insurance companies include a deductible and others don't.
Car rental companies also offer collision damage exemptions (CDW), also known as loss damage exemptions, and additional rental vehicle insurance options. The cost of adding insurance to a rental car may be higher than the daily rental fee, but if you can't afford the damage to the car out of your pocket, it may be worth it. To learn more about Grange car insurance coverages or to explore auto insurance discounts, contact your independent insurance agent or search for an agency today. Some car insurance companies will provide you with car insurance coverage when you drive in Canada and Mexico.
A CDW is a protection plan that covers most of the damage that the rental vehicle may suffer while it is on your own, rather than an insurance policy. However, if you want to get more coverage or travel abroad or for business, you may need to take out rental car insurance. To keep your daily limits and your car insurance premiums low, companies often allow you to invest money in public transportation instead of renting a car. If you choose an affiliate partner through your insurer, the car rental company can bill the insurer directly.
And Enterprise Holdings, which offers lower car rental rates for people involved in an accident, regardless of their insurance company. Rental reimbursement can be defined as optional car insurance coverage that will cover the cost of renting a car while the original car is under repair. More often, if you opt for collision coverage and comprehensive coverage, your insurance company will expand its range to rental cars. Travel insurance can often cover the collision and loss of use at a lower cost than the rental vehicle provider.
You have the right to choose any car rental service, whether it's a subsidiary of your insurance company or an independent rental agency. The terms, definitions and explanations of insurance are for informational purposes only and do not replace or modify in any way the definitions and information contained on the individual pages of insurance contracts, policies, or statements, which control coverage determinations.