Being involved in an accident can mean a significant inconvenience while your vehicle is in for repairs. Depending on the damage, your car may be in the shop for days – or even weeks. If the other party to the accident was the one at-fault, there can be delays or disputes when trying to contact their insurance company to arrange for your temporary rental car. In the meantime, you still have a job that you need to commute to, groceries that need to be transported, and children that need chauffeuring. This problem can be especially pronounced for families who rely on one car.
If you are concerned about what may happen in the aftermath of an accident, it is recommended that you call your broker and inquire about adding an SEF 20 or “Loss of Use” endorsement. Adding SEF 20 coverage to your policy ensures that your insurance company will provide you with a rental car at no cost in the event your vehicle is stolen or involved in an accident.
“Adding SEF 20 coverage to your policy ensures that your insurance company will provide you with a rental car at no cost in the event your vehicle is stolen or involved in an accident” ~Chad Mullen, Lane’s Insurance
Without this additional coverage, a rental car will not be automatically provided for you. Some insurance companies may charge for this option, while others include a predetermined amount free of charge. Also, each insurance company may have different coverage limits, so it is important to discuss the options with your insurance broker.