When you purchase an auto insurance policy, you will have the ability to choose the types of coverages you have with your policy. One type you could consider adding is called rental and travel coverage. While this is not an expensive type of policy or something you might need coverage for often, it can be worthwhile having if you ever encounter a time when you need it. Here are three things you should understand about it.
What the car rental coverage offers
The main thing that car rental coverage protects you from is the cost of renting a car if your car is involved in an accident. If you are in an accident and your car needs to be repaired, you would not have this vehicle available for use during the time it is in the shop. If this happened, would you have another vehicle to drive, or would you have to go out and rent a car? If you decided to rent a car, it can be costly if you have to pay for it out of your pocket. Fortunately, if you have car rental coverage, your insurance company will cover the costs of the rental car you need during this time.
What the travel coverage offers
The travel coverage part of this type of insurance can also come in handy, as it offers protection for times when you are traveling and encounter a car accident. Suppose you were on vacation with your car and ended up in a collision and could not drive your car. Your insurance policy would not only cover the costs of renting a car, but it would also cover some of the extra costs you will have due to this problem. For example, it may cover the costs of a hotel if you had to stay a few extra days while your car was being repaired.
The benefits it offers if you need it
If you ever encounter a time when you are traveling and your car breaks down or you are involved in an accident, having this coverage can be quite beneficial. It can help you save money, which is a huge benefit, and it can help you experience fewer inconveniences.
If you are interested in purchasing car rental and travel coverage, you can find out more about what it offers and the costs for the coverage by talking to an insurance agent like Hayes McDowell Insurance Agent.