Do you have enough rental coverage?
A typical automobile policy provides for something between $20 to $30 per day for car rental. Boosting your rental coverage to $50 or $60 per day could save you hundreds.
How? Read on.
Why should I increase my coverage? If your car is stolen, most insurance companies require 30 days to try to recover the car before settling a theft claim. A big ice storm, too, can jam up body shops for weeks as they work through the backlog to get to all the cars.
Thirty days of car rental could cost $1500 to $1800 for many models. In the scenario, though, you’d be reimbursed only $900, costing you an extra $600 to $900.
This extra coverage can typically be gotten for only $1 or $2 per month and it would be 50 years before you paid an extra $600 in premiums.
