Cheap Auto Quote, Common Auto Insurance Terms Starting with the Letter R
Rental reimbursement coverage: Rental reimbursement coverage, pays a set daily amount for a rental car if your car is being repaired because of damage covered by your auto policy.
Rider: A riders is written agreement attached to the policy expanding or limiting the benefits otherwise payable under the policy. Same as an “endorsement.”
Reinstatement: Reinstatement is the process by which a life insurance company puts a policy back in force after it lapsed because of nonpayment of renewal premiums.