I often get phone calls from clients who are looking to save a few dollars on their insurance. They look at various coverages on their policy and want to drop anything that isn't totally necessary... and rental coverage (aka rental reimbursement, substitute transportation) is one I hear about frequently.
So, do you really need it?
Rental coverage will pay for a rental vehicle while your car is in the shop due to a covered claim. So, if it needs repairs from an accident or hail damage, for example, rental kicks in.
If you would be in big trouble without a car for a few days - or even a week or so, then YES, you want to keep your rental coverage. If not having your car would mean difficulty getting to work or getting the kids to school then it's pretty important!
However, if you have 3 cars and one is never driven, it's probably not as big of a deal. You need to look at your own situation and weigh the cost of coverage. - However, at about $60.00 per vehicle, per year, rental coverage is pretty affordable and very worth it for many of our clients.
Call us at (978) 562-3464 to schedule a review of your insurance. Let us look for personalized ways to help you control your costs without sacrificing coverage.