What Is Rental Reimbursement Coverage? Do You Actually Need It?

This post is sponsored by Enterprise.

I was a bit apprehensive this year about the busyness and the to-dos of the holidays (work is crazy this time of year!). But now that we are in full-swing, I can honestly say that I am absolutely LOVING it. My kids are at the perfect ages to enjoy the magic of it all and I’m soaking it all in. We’re circling catalogs, decorating our tree and just feeling festive. It’s all about making memories, people!

Of course, there are always those end-of-year administrative tasks that just have to be done and Tyler and I are wrapping them up as we speak. We’re talking personal property taxes and all of the loose ends that I would usually leave to Tyler. However, this month I’m so excited to be partnering with Enterprise to tell you about an add on to your car insurance policy that can save you time and money in case you need a rental car after an accident - rental reimbursement coverage.

You know how passionate I am about keeping families safe on the road. Car insurance plays a big part in making sure you’re not just physically safe - but protecting yourself and your assets when you need it most.

Rental Reimbursement Coverage - How It Works

If your car is in the shop due to an accident, this insurance coverage reimburses you for your rental car. Rather than being stranded at home without a car, you can use a rental car service like Enterprise until your car is ready.

The Federal Highway Administration isn't playing around when they say 21% of vehicle crashes are weather-related. This peaks in the winter due to snow, sleet, and slick pavement. It’s never a good time to be without a car, especially during the holidays, which is why now is a great time to double check that you’re covered for rental reimbursement.

Where do I get this coverage?

Rental reimbursement coverage is added on to your existing auto insurance policy. While many may assume this is already included in your auto policy, that’s not always the case.

According to Enterprise, nearly 60% of full-coverage auto policyholders are going without rental reimbursement, leaving themselves vulnerable to the inconvenience and expense of not having a car when they need it.

Is rental reimbursement expensive?

It costs about the same as a single-day car rental for an entire year’s worth of coverage. Although it’s relatively affordable to include in your policy, because it’s something you add on, many people unknowingly go without.

It’s not until you need a rental that you’re calling your insurance agent to ask if it’s covered. Hint: It won't be unless you add it to your policy prior to needing your rental.

FAQs about Rental Reimbursement

Do You Need Rental Reimbursement?

Legally, you can drive without this coverage, but I don’t recommend it. If you're like me and have a schedule packed with family and work commitments, not having a back-up vehicle in case of an accident is simply not an option.

How Much Does It Cost?

Less than you'd think. It varies, but it's generally affordable, especially compared to the cost and hassle of being car-less.

What Does It Cover?

It helps with the cost of a rental car when your car is in the shop due to an accident covered by your insurance.

Can You Add It Anytime?

Yes! You don't have to wait for policy renewal. 

Does It Cover Everything?

Not exactly. There are limits, like a daily cap and maximum number of days. Make sure you know these details!

What If I Have a Big Family Car?

Coverage limits vary. So if you drive a big family car, you’re definitely going to want to make sure your policy covers the size and type of vehicle you and your family need to get around.

Can Enterprise Help With This?

For Rental Reimbursement coverage, you’ll first need to speak with your insurance provider. But when a rental car is needed, you can work closely with Enterprise to take advantage of this coverage - their customer service is unmatched!

So, is rental reimbursement coverage worth it? I say yes. It's affordable, it's practical, and it saves you a world of hassle. Before you sign off to enjoy the holidays with your family, call your insurance provider to make sure you're covered, and then hit the road with peace of mind.