What does Rental Reimbursement mean? Read on to discover the definition & meaning of the term Rental Reimbursement - to help you better understand the language used in insurance policies.
Also known as the "Extended Transportation Expense Coverage," this option pays $30 per day, for up to 30 days (for a maximum of $900) towards the cost of a replacement or rental vehicle, if the insured vehicle is temporarily disabled for more than one day due to a covered accident. Higher daily limits exist, and vary by state.
We hope the you have a better understanding of the meaning of Rental Reimbursement.