Thursday, January 20, 2011

Auto Insurance Rental Reimbursement Coverage

Rental Reimbursement Coverage is designed for policy holders that cannot afford to lose the use of their vehicle(s), while it's being repaired. So if a policy holder does not have access to a vehicle when his or her vehicle is damaged due to a collision or comprehensive claim, this coverage is available.

A common coverage limit is $30/$900. This stands for $30 per day with a maximum of $900. Which means that the insurance company will pay for a rental car at the rate of $30.00 for up to 30 days. The lowest limits we typically see are $20/$600 and on the high end $50/$1500.

For policy holders that are dependent on their vehicles, rental reimbursement coverage is important. Typically the cost of $30/$900 is in the $30 dollar per six months range or $60 dollars a year. Which means for about $5.00 a month you can buy a coverage that can save you 100's of dollars.

Remember this coverage would only apply in the event of a collision/comprehensive claim. Issues such as mechanical breakdown would not be covered under rental car reimbursement coverage.

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6119 Ridgeview CT #500, Reno, NV 89519, 775-284-8200 or kevin@ardentinsurance.com., United States
http://www.ardentinsurance.com College BS in Business Administration (University of Nevada, Reno) 1987. Independent Farmers Insurance Agent 1987-1997; Part time financial sales positions 1997-1999; Co-founder and President of ClientFlex Corporation 1999-2004; Lucini/Parish Insurance 2004-2005; Co-founded (with Tammy Brunson) Ardent Insurance LLC (2005-2007); Changed entity to Ardent Insurance Inc (2006-present). Insurance Designations: LUTCF. Insurance Affiliations: Big I (Independent Insurance Agents of America); Trusted Choice Approved Agency; Professional Insurance Associates, Inc. (Affiliate); Local Business Associations: Northern Nevada Insurance Agents - Member; Community Associations: Northern Nevada Endurance Training - Active Member.