Insurance for Unused Rental Time
Suppose you or one of your drivers were involved in an accident that rendered a vehicle unusable for some time. In that case, you’d want to ensure your company was financially stable enough to weather the disruption. When your truck breaks down, your trucking firm may get their money back by purchasing rental reimbursement with downtime coverage insurance.
As the name of the policy implies, if you choose not to have your insurer arrange for a replacement car, they will instead pay you a sum of money to cover the inconvenience.
Who Requires a Reimbursement of Rent During Vacation Time?
If an accident renders your truck undrivable, Rental Reimbursement with Downtime may help you get back on the road with a rental vehicle or continue paying your truck’s payments and other costs.
Constraints and Further Specifics
You may set a daily maximum payment for your damaged commercial vehicle when you choose Rental Reimbursement with Downtime coverage as part of your truck commercial insurance. For up to 30 days after a covered loss, Rental Reimbursement with Downtime coverage will pay for your temporary replacement commercial truck’s rental fees.
Rental Expenses Covered by Downtime Truck Insurance Is Available To Many Types Of Businesses, Including But Not Limited To
- Scrap Metal, Scrap Automobile, and Recycling Services Run by Independent Business Owners
- Grading and Disposal of Debris
- Cargo Hauling and Other Trucking Services for Hire
