What is Supplemental Liability Insurance (SLI)?
Budget has Supplemental Liability Insurance ( SLI ) available at most u locations. SLI is a particular optional service offered by Budget when you rent a car from Budget. It ’ s an “ Excess Automobile Liability Insurance Policy ” that provides extra indebtedness indemnity, within specified limits, above the limits provided in the Agreement. SLI insures you, and authorized operators as defined in the Agreement against claims made by third parties against you, the customer, for bodily injury/death and property wrong caused by the use or operation of a Budget rental car as permitted in the Agreement. SLI is a freestanding indemnity policy issued to Budget by ACE American Insurance Company .
If you elect to accept SLI, you will pay an extra casual charge as shown on the Agreement. The purchase of SLI is not required in order to rent a car from Budget.
What are the coverage limits provided by SLI?
The SLI coverage limits equal the deviation between the minimum fiscal province limits, if any, provided under paragraph 22 of the Agreement and the SLI maximal combined individual limit of indebtedness of $ 1,000,000 or $ 2,000,000 depending on the jurisdiction of rental .
When and where does SLI coverage apply?
You and authorized operators are covered while driving the rental cable car within the United States and Canada, but merely if the car is rented and returned in the United States. coverage does not apply in Mexico .
How do I report a claim?
If you are involved in an accident, you must complete an accident report and deliver it to the Budget rental location. In holy order to make a claim or give notice of a claim, send written comment to :
Budget Rent A Car System, Inc .
Attn : Claims
P.O. Box 61247
Virginia Beach, VA 23466
How does SLI affect the application of your automobile or umbrella insurance policy?
Your personal indemnity policy providing coverage on an owned automobile, or other personal policy, may provide extra coverage, and to that extent, SLI may provide a duplicate of coverage .
Whether, at what point, and to what extent, your own policies apply can lone be determined by your checking the terms of the policies themselves as these terms frequently vary. however, if SLI is accepted, the protection afforded by SLI, and the limits of auspices under this Agreement, are elementary to your own policies. This means that before your own policies would apply to pay a claim, the maximum compound single restrict of liability of $ 1,000,000 or $ 2,000,000 protection afforded by the combination of SLI and fiscal responsibility limits under this Agreement limits would have to be exhausted. If you do not accept SLI, your insurance, if any, is elementary as stated in this Agreement.
What exclusions apply to SLI?
The pursue highlights some of the exclusions that would preclude SLI. It is crucial that you read the rental document and the policy carefully for all exclusions .
• Any Prohibited Use of the Car as described in paragraph 15 of the Agreement
• Bodily injury to or Property Damage to any Insured ; nor, to the extent permitted by law in the submit where the rental document is signed at time of rental/where the cable car is rented, to Bodily Injury or Property Damage to any person who is related to any Insured by blood, marriage or adoption and occupy in the lapp family .
• “ uninsured Motorist ” / ” Underinsured Motorist ” coverage are not provided by the policy except in states where mandated by law astir to maximal amount of $ 100,000 ( $ 1MM in FL and NH ) or in such amounts as mandated by police
• “ No Fault ” and other auxiliary or optional coverages are not provided by the policy
• Punitive or emblematic damages to the extent permitted by police
Are there any special restrictions on the purchase of SLI?
In Florida, SLI may not be purchased if the term of the rental document is for more than 30 days, coverage may not be provided for more than 30 back-to-back days ; and if the rental document is extended beyond 30 days, the coverage may be extended for one time only, for a period not to exceed 30 days .
For more information name Budget toll-free at : 1-800-527-7000
Visit Budget on-line at Budget.com
This is a compendious only of SLI. The specific terms, conditions and exclusions thereof are subject to all provisions, limitations and exclusions contained in the rental document and the SLI policy issued by ACE American Insurance Company, one of the U.S.-based subsidiaries of ACE Limited ( NYSE : angiotensin converting enzyme ) “ ACE ” and the ACE logo are serve marks of the ACE Group, which is comprised of ACE Limited and its subsidiaries .
This compendious is not intended to provide a complete description of the policy ’ sulfur terms, conditions and exclusions. For extra details, we invite you to examine a copy of the policy, which is available for your inspection, upon request, at the Budget location at which you are renting .
Budget employees, agents, or endorsees are not qualified to evaluate the adequacy of the renter ’ s existing coverage.
For the wax booklet, please cluck here .
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