PRO TIP: Increasing the limits on your auto insurance is not as expensive as you think! Many times, you can increase your coverage for just a few extra dollars per month. Additionally, if you follow the instructions here you can possibly increase your coverage and lower the payments on your insurance at the same time.
Loss of use is not covered.
If you get in an accident with a rental car and are at fault, your insurance will most likely not cover “loss of use.” For example, if the damage caused to the vehicle you rented requires 10 days of body shop work, and the rental car company typically rents that car for $50 a day, the rental company lost a potential $500 of income because the vehicle was not available for use. The potential income a rental car company could have obtained is not covered by most insurance companies.
Do you need to purchase additional insurance when renting a car? Likely not. However, it may be a good idea to reevaluate your current auto insurance policy to ensure you have the proper coverage prior to renting a vehicle.
Our insurance professional, Brandon, would love to review your policy with you and let you know if your insurance could use an adjustment. Just fill out the form below, and he will be in touch with!