How Long Will Insurance Pay For Rental Car – What You Need To Know
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When you have been involved in an accident, you will still need to get from one place to another and you may not have access to your car as it gets repaired. You may therefore need to hire a car during the period your car is undergoing repair. The insurance company that is liable for repair of your vehicle should cover for the costs that you will incur for car hire when your car is under repair.
You may be asking, “How long will insurance pay for rental car?” The insurance company can pay your car hire fees for the duration of time that your car will be under repair. They may also pay for your car hire until settlement is completed if you suffered total loss of the car.
A rental car in an accident
Do insurance companies have to pay for a rental car? Any car that is on the road has to have insurance and this applies to cars that are for hire. The Compulsory Third Party insurance is mandatory for all vehicles which means all rental cars should have this cover. When you hire the car, the rental company will charge you a standard liability or excess amount which provides you with a basic cover. This amount is referred to as loss or collision damage waiver and will be included in your rental fee.
This excess amount will be used to cover for losses if the car is stolen, involved in an accident or maliciously damaged when in your possession. If you want to know who is responsible for rental car in an accident, it has to be determined who was at fault. If it is a car accident where the other driver is at fault for rental car accident then their insurance company will pay for the damages. If you are at fault, your insurance will have to cover the damages.
Accident when not at fault
If you are in an accident that is not your fault and you need to hire a car while yours is under repair, you can claim for car hire. This is because you are entitled to be compensated for not having access to your car. The rental car reimbursement not at fault allows you to have a car that takes you back to the position you were in before the accident. This simply means that you will be allowed to hire a car that is similar to your own. The reimbursement may have a daily limit tied to it which means that you cannot exceed the stated amount for your car hire.
Rental car insurance
When you have been in an accident and you need a rental car, you can get a rental car as your car gets repaired. If you have a policy that includes rental coverage, there is a possibility of you adding rental car insurance after an accident. The added amount is used to cater for the accident you were involved in. You will however be able to access a rented car in a few days time. If the insurance company of the other party is the one to pay for the car hire, it may take longer for you to access the car.