Rental cost reimbursement endorsement

Term · Insurance and risk management · MLC-T-INS-002882

An addition to an auto insurance policy that provides coverage for the cost of renting a vehicle while the insured's own car is being repaired due to a covered loss. This endorsement typically specifies a daily limit and a maximum number of days for which rental expenses will be paid. It applies when the insured vehicle is inoperable or unsafe to drive.

Table 1. Record
Identifier	MLC-T-INS-002882
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002882",
  "term": "Rental cost reimbursement endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to an auto insurance policy that provides coverage for the cost of renting a vehicle while the insured's own car is being repaired due to a covered loss. This endorsement typically specifies a daily limit and a maximum number of days for which rental expenses will be paid. It applies when the insured vehicle is inoperable or unsafe to drive.",
  "url": "https://mlchart.com/terminology/insurance/rental-cost-reimbursement-endorsement/"
}

Record 2,947 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.