Candace Baker, Car Insurance Writer
@candacebaker
Travelers rental reimbursement pays for the cost of a rental car after the policyholder’s vehicle is damaged by a covered cause, such as an accident. Rental car reimbursement insurance from Travelers usually costs less than $10 per month, and drivers can purchase a limit of up to $100 per day $3,000 per claim .
This coverage does not apply to rental vehicles used while the policyholder’s car is undergoing routine maintenance. In addition, drivers typically need collision and comprehensive coverage to be eligible. The cost of rental reimbursement coverage may vary by state and coverage limit.
Here’s How Travelers Rental Reimbursement Works:
- You add rental reimbursement coverage to a Travelers car insurance policy that includes collision and comprehensive coverage.
- The rental reimbursement coverage kicks in when you file a collision or comprehensive claim and pay your deductible.
- You will pay for the rental car initially, and Travelers will reimburse you later.
In general, rental reimbursement coverage is worth it if you think you are likely going to be in a car accident and need a rental car within the next few years. If not, then you probably won’t get much from the coverage, even though it’s relatively cheap. To learn more, check out WalletHub’s guide to rental reimbursement coverage.
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read full answerDo you need insurance to rent a car?
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