We all rely on our vehicles day to day to get us where we need to be. But what happens when you are without a vehicle all of a sudden due to claim for damages? Do you have access to another vehicle or other transportation?
Loss of Use coverage will extend to cover you for other means of transportation such as, a rental vehicle, cab fare, or bus fare in the event that your vehicle ends up in the shop due to a collision or comprehensive claim covered by your policy. You can typically choose a limit between $1,000 and $3,000 to add on to your auto policy.
Did you also know that Loss of Use will extend to cover you in the event an accident occurs while having a rental vehicle? This means the insurance company will pay loss of income incurred to the rental company, up to the specified limit, while the rental vehicle is down for repairs from the accident.
Contact your Cornerstone Insurance broker today for more information!