Rental Reimbursement vs. K4 or K5 Coverage

Nevada Insurance Enrollment Answers Will My Auto Insurance Pay For My Rental Car?

LAS VEGAS - nvtip -- If you're involved in a collision in which your car sustains extensive damage or is even totaled, you may be without a vehicle for days or even weeks. If you're like most people, then that just isn't going to work for you. Fortunately, your auto insurance provides you with a few different options that can tide you over until your car is repaired or you're able to purchase a new vehicle.

One type of additional coverage that can be added to your policy is rental reimbursement. This coverage would reimburse you for either your daily rental charges or your policy limit, whichever is less. It can be used after any covered collision or comprehensive loss (assuming you carry collision and comprehensive coverage).

K4 and K5 coverage can also help with post-accident "loss-of-use" costs. Loss of Use (K Coverage) reimburses the Insured for a flat sum to assist with expenses incurred for each qualified disablement on a covered vehicle.

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-Qualified disablement means a loss covered by the Comprehensive or Collision sections of the policy.
-This optional coverage may be purchased for any vehicle covered by Comprehensive and Collision coverages.
-Collision or Comprehensive loss must exceed the deductible amount on a covered vehicle.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment
Filed Under: Insurance

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