What is the rental payment?
Rental payment is a payment of the costs associated with the rental of the vehicle to temporarily replace the one that has been destroyed or severely damaged. It is provided by an insurance company if the driver decided to cover the rental payment. The apparent advantage is to avoid the high price of paying for renting for repairing or replacing the vehicle, while the disadvantage is the potential to pay for this service and will never have to use it. Many drivers have decided to do things like increasing the amount of coverage and can add functions such as campaign, glass, reimbursement, etc. The agent can be able to offer a package for certain accessories purchased together and reduce their price.
Drivers who choose to cover the payment of rental will be entitled to payment from the insurance company if they can prove that the lease is associated with an covered accident. They do not receive compensation for doing things like renting cars while traveling. Certain restrictions may also be introduced; In general, for example, the payment covers the rental of the vehicle underThe type of kind if none has been available. Therefore, a person with a family sedan could not rent a sports car and qualify for a complete replacement at the cost of renting and the insurance company can only provide a basic contribution for a day.
The insurance company may have further restrictions on renting, such as the number of days for which it will apply. If the car is repaired by a car, people usually have to return the rent as soon as they repair repairs. People who replace their cars by insurance will be offered the delay time to find a new car. If the FIV cannot be returned to the car at the time of postponement. It is advisable to carefully read the Terms and Conditions of the Rental Payment clause to make sure it is fully understood.
People with existing coverage who want to add rental payment can do this by calling their agents and asking to add it. An updated law will be immediately manifested and will be sent to ask the customer to pay the difference in coverage. People who are worried about prices, MoHou ask about available packages or various types of cover reimbursement coverage that may be available; People will pay less for reduced coverage.