The daily amount is the total your insurance company will pay per day for your rental car. Anything over that amount will come out of your pocket. The total per claim amount is the maximum you can be reimbursed for after each accident.
If you need a car for an extended period of time, you can quickly run into these max limits. Some insurers offer several options for limits, while others just have one limit available.
To determine the amount of coverage you need, take a look at rates in your area and consider how important having access to a car is. While insurance companies often negotiate better rates for themselves with providers, there may not be a preferred rental car provider near you.
ZIP Code. How does rental reimbursement work? Since location is one of the key factors in determining how much a rental car costs, you want to make sure the extra coverage makes sense for your specific location. If someone else crashed into your vehicle, you can make a claim against their auto liability insurance for both your car repairs and a rental car during the repairs.
This is referred to in the industry as a third-party loss of use claim. Check with your auto insurance agent to confirm. Regular rental car insurance can be purchased whenever you want to rent a car for business or personal travel, and is not tied to an insurance claim.
Rental reimbursement coverage pays for rental cars and other forms of transportation, like bus and subway fare. Ashley is a personal finance writer and content creator. In addition to being a contributing writer at Forbes, she writes for solo entrepreneurs as well as for Fortune companies.
Through her financial expertise, she provides millennials and young professionals the tools and resources they need to better manage their finances. Jason Metz is a writer who has worked in the insurance industry since He has a B.
Select Region. United States. United Kingdom. Ashley Kilroy, Jason Metz. Contributor, Editor. Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.
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