Wednesday, 9 November 2005
Don’t Get Stranded Without Replacement Rental Car Coverage
Don’t wait until your car is stolen to find out there are gaps in your insurance coverage.
One of the biggest surprises many victims of car theft get (besides realizing their car has been stolen) is that their insurance doesn’t cover the costs of a replacement rental car.
Replacement rental car coverage is available – but it’s optional, so many consumers seeking the cheapest insurance possible pass on it.
According to the National Insurance Crime Bureau (NICB), insurance companies typically wait two to four weeks before they will let you purchase a replacement car. And if a car is absolutely essential to your daily routine, you could wind up paying as much as $1,000 in non-refundable rental car costs.
And if you can’t pay for a rental car out of your pocket, you might be stranded.
Imagine two to four weeks without a car. Then consider how for just a couple extra dollars a month you are insured against that ever happening. Is it worth it?
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