Rental Reimbursement Coverage
If you’ve been trucking for a while, you understand the risk of a breakdown of your equipment. If your equipment goes down, you immediately lose your revenue stream. An optional coverage from Heaton Bennett Insurance can help you stay afloat when your truck goes down. Rental Reimbursement Coverage will:
- Reimburse you with payments equal to your area’s cost of a short-term rental
- Limits may be increased to include the rental company daily mileage and physical damage insurance charges.
- Flexible coverage limits for the amount of reimbursement and the number of days
- Allows you to pick the vehicles you want covered.
Protect your trucking business with the right coverage: Rental Reimbursement coverage will help you stay profitable and eliminate unnecessary downtime coverages. To see if rental reimbursement coverage is right for you call Heaton Bennett Insurance and speak to an agent. Our licensed staff can help educate you on the best coverage options for your business. For a quote, call: 512-372-8311.
Frequently Asked Questions
When can rental reimbursement coverage apply?
Coverage may help with eligible rental costs when an insured truck cannot operate because of a qualifying covered loss. The triggering event must meet the policy’s requirements.
Is there a waiting period before reimbursement begins?
Some policies include a waiting period before rental benefits become available. Daily limits, maximum totals, and benefit periods may also apply.
Will rental reimbursement pay the full cost of a replacement truck?
Not necessarily. Coverage is generally subject to daily and total limits, which may be less than the actual rental expense. Texas truck owners should compare available limits with local rental costs.
Does rental reimbursement cover fuel, mileage, or other operating costs?
Additional charges may be excluded or limited. Operators should review whether taxes, fees, mileage, fuel, insurance, and deposits qualify for reimbursement.