In Brockton, MA. I currently finance my 2005 altima and last night i got into an accident. I have had the same insurance for 8 yrs and never got into an accident and even though I have full coverage and I had requested rental on my policy yrs back but they said I DONT have rental coverage. Isn't car that is financed required to also have rental so that if the car is at the shop (like in my case) I'm still able to go to work everyday to keep paying up on the car?
2007-12-01 08:07:32 · 10 answers · asked by GeoSirena 1 in Cars & Transportation ➔ Insurance & Registration
The term "full coverage" is a generic term used mostly to say that you have coverage against both liability (you damaging someone else's property or hurting them physically) and also that you have coverage to repair damage to your vehicle, or pay you for the loss that you suffer! It does not mean that you are covered for everything! All insurance includes the terms and conditions of coverage! These include the deductible that you pay, and what, if any, additional expenses are covered in case of loss.
If your policy did not include a replacement vehicle (rental) clause, then you did not have it. Look at your actual policy to be sure that it is not included, and the insurance company is not giving information in error (funny how the errors are always in their favor). If you do not have the coverage, you will have to pay for your own rental, or find another way to work!
If you have proof that you ask the agent to include rental replacement on your policy, and they failed to do so, the agent, rather than the insurance company, may be liable for your loss, due to their negligence. If you only have your word against theirs, you have no hope of collecting!
2007-12-01 08:47:41 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
Every time your policy was renewed, generally once every 6 months, you were sent a new policy. Did you read it? Did you notice it didn't have coverage for rental cars, and ask it be added at any time during those 8 years?
Sorry, you don't have the coverage. If you need one, get one, but you will pay for it out of pocket.
2007-12-01 09:55:44 · answer #2 · answered by oklatom 7 · 2⤊ 0⤋
You are required to have full coverage. Your policy just may not have included that. I just purchased a 2008 vehicle and I got gap insurance as well as Tender Lovin Care Services. My policy has rental coverage, BUT I may not have to use my insurance if I get in an accident due to the TLC policy that I have which gives me a rental if my care is in a shop and pays for hotel, and food if I'm more than 100 miles from my house. I'm sorry this has happened but all in all you just are required to have full coverage. You can not have just liablity on a financed vehicle. I'm sorry!
2007-12-01 08:18:38 · answer #3 · answered by wssuram 3 · 0⤊ 2⤋
Rental car reimbursement is a separate add on to a policy. If someone else was at fault for the accident they would be responsible to pay for your rental. If you were at fault, you will need to pay for the rental. You may consider having that added to your coverage for the future.
2007-12-01 12:47:20 · answer #4 · answered by Otto 7 · 2⤊ 0⤋
No, insurers are NOT required to offer coverage that includes payment for rental cars following an accident involving a financed vehicle. You were correctly informed some time back. That is not what "full coverage" is about or for.
Your option way back then was to find a different insurance carrier who did -- and pay them the higher premium. Sad to say, you're out of luck on this one. Better luck next time.
2007-12-01 08:19:29 · answer #5 · answered by Anonymous · 0⤊ 3⤋
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2016-09-30 09:40:15 · answer #6 · answered by ? 4 · 0⤊ 0⤋
No, it's not required that a financed car has rental car coverage on it.
You need to look at your policy, EVERY YEAR when it renews.
2007-12-01 14:56:34 · answer #7 · answered by Anonymous 7 · 0⤊ 2⤋
Even though you requested the additional coverage, you should have reviewed your policy to make sure they added it. Most people don't even look at the policy after purchasing. I've been guilty of that too.
2007-12-01 08:18:28 · answer #8 · answered by db667089 5 · 2⤊ 0⤋
What does having a financed car have to do with a rental car? If you have liability insurance then you have liability insurance on any car you drive, rental or not.
2007-12-01 08:21:02 · answer #9 · answered by Johneye 4 · 0⤊ 2⤋
NO AND THE FUNNY THING IS IT ONLY COST ABOUT 6 TO 12 DOLLARS A YEAR AND A LOT OF PEOPLE DO WHAT IT.
2007-12-01 09:43:05 · answer #10 · answered by Anonymous · 0⤊ 3⤋