We understand that insurance options can be confusing, so we’ve put together this slideshow to help explain our different coverage options.
Please be sure to pay careful attention to each policy’s details and the coverage they offer!
Insurance Coverage:
Greenvans offers four additional coverage options:
- Renter’s Liability Protection (RLP)
- Supplemental Liability Protection (SLP)
- Personal Effects & Personal Accident Insurance (PEI/PAI)
- Collision Damage Waiver (CDW)
Liability Insurance
What Is Liability?
Liability occurs when you (the renter/driver) are at fault, and cause damage (property or bodily injury) to a third party.
- State Minimum Coverage (Primary)
- Additional Coverage(Supplemental)
Primary Liability Coverage
Greenvans requires all of our renters to have primary liability coverage for state minimums.
If you don’t have your own policy, you can buy ours in the form of Renter’s Liability Protection (RLP).
- $2,500 Deductible: Responsibility of Renter/Driver
- State Minimum Coverage Additional Coverage: Renter’s own coverage or RLP
Supplemental Liability Insurance (SLI)
How it works
Supplemental Liability Insurance (SLI) covers bodily injury or property damage to others (third party) above and beyond the limits of your primary coverage.
- State Minimum Coverage
- Additional Coverage (Up To $300,000): Supplemental Liability Insurance (SLI)
Collision Damage Waiver (CDW)
The Collision Damage Waiver (CDW) is an optional add-on that reduces how much you owe if our van is damaged in a solo-vehicle or vehicle-to-vehicle collision. The customer will be responsible for the first $1,000 in damage.
Please Note: You are not required to purchase CDW if you are providing your own personal insurance policy for coverage. You ARE REQUIRED to purchase CDW if your personal auto policy does not include collision coverage, or if you are purchasing coverage through Greenvans and not using a personal auto policy for yourself or any additional drivers.
What CDW Doesn’t Cover:
- Unauthorized vehicle use
- ROOF DAMAGE
- Anything not caused by a collision (vandalism, acts of nature, etc…)
- Liability for damage to other vehicles or property
Good to Know:
- CDW is not insurance and may duplicate coverage you already have.
- Buying CDW is optional.
- You are REQUIRED to purchase the CDW if you are not using your personal coverage.
- You must still carry the required liability insurance.
- If you purchase CDW, your responsibility is limited to the $1,000 deductible
If You Don’t Purchase CDW:
You can rely on your own insurance. If a collision happens, you’ll either reimburse Greenvans for the damage or file a claim with your insurer and pay any deductible or premium increases they apply.
Common Damage Examples:
- Fender Damage AVG Cost: $500+
- Roof Damage AVG Cost: $10,000+
- Side Damage AVG Cost: $6,000+
Personal Effects & Accidents (PEI/PAI)
Personal Effects (PEI) & Personal Accident Insurance (PAI) are offered as bundled packages.
We’ll break down the coverages for each insurance option in the following slides.
Personal Effects Insurance (PEI)
Personal Effects Insurance (PEI) is an optional coverage that provides the renter(s) with limited coverage from loss or damage to your personal belongings caused by theft, damage, or accident to the vehicle.
How it works
Personal Effects Insurance (PEI) covers loss or damage to items in the rental vehicle (per renter or authorized driver):
- Value Of Item(s) (up to $525.00 per authorized driver) – Personal Effects Insurance (PEI)
Personal Accident Insurance (PAI)
Personal Accident Insurance (PAI) is an optional coverage that provides the renter with accidental death coverage, accidental medical expense coverage and travel assistance during the rental period.
How it works
Personal Accident Insurance (PAI) covers accidental death & medical expenses of renters/drivers during the rental period.
- Accidental Death Benefit To Renter: $100,000 – Personal Accident Insurance (PAI)
- Accidental Death Benefit To Passenger: $10,000 – Personal Accident Insurance (PAI)
- Accidental Medical Expense & Ambulance Fee: $1,000 – Personal Accident Insurance (PAI)
- PEI/PAI Insurance does not cover Loss of Use.
- If purchased, you must be an authorized driver to be eligible for
- coverage.
- Coverage extends to the authorized driver’s immediate family.
Loss of use
If an accident or damage results in excessive downtime for a rental vehicle and the renter is at fault, the renter is liable for any “Loss Of Use”. This fee is based upon the following formula:
Number of days since the date of damage multiplied by the corresponding daily rental rate
Questions / Further Information
We hope this information was helpful! For any other questions regarding our coverage options or possible insurance situations, please contact us directly!
Phone: 833-640-8267