Supplemental Liability Insurance | Budget Car Rental
if you choose to purchase sli, you and any authorized drivers will be covered under an auto excess policy issued by budget. sli provides protection for third-party auto claims for the difference between the minimum limits of financial responsibility provided in paragraph 22 above and a maximum combined single limit of liability of $1,000,000 or $2,000,000 depending on rental jurisdiction and vehicle class for bodily injury , death or property damage for each accident. this coverage is provided under an excess liability insurance policy more fully described in the available brochure and is subject to all of the conditions and limitations described in paragraph 22 above, except that, notwithstanding anything in the agreement, the terms of the policy will apply in control at all times. sli does not apply to liability for bodily injury or property damage arising from any “prohibited use of the automobile” as described in paragraph 15 of the agreement, all of which are exclusions of sli. other exclusions to sli are listed in the sli policy. You understand that you will be charged the per day rate for a full day, even if you do not have your car for the entire day.Supplemental Liability Insurance Disclosures in the State of Florida
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what is supplemental liability insurance (sli)?
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budget has supplemental liability insurance (sli) available at most of our locations. sli is a special optional service offered by budget when you rent a car from budget. is an “automobile excess liability insurance policy” that provides additional liability insurance, 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 damage caused by the use or operation of a sli automobile. economy rent as allowed in the agreement. sli is a separate insurance policy issued to budget by ace american insurance company.
if you choose to accept sli, you will pay an additional daily charge as shown in the agreement. the purchase of sli is not required to rent a budget car.
what are the coverage limits provided by sli?
sli coverage limits are equal to the difference between the sli $1,000,000 maximum combined single limit ($2,000,000 combined single limit in the following jurisdictions: california, florida, hawaii and new york) and the liability protection limits provided for in the economic rental contract. Please note that in all states we only offer a combined single limit of $1,000,000 on 10, 12 and 15 passenger vans.
when and where does sli coverage apply?
You and authorized operators are covered while driving the rental car within the United States and Canada, but only 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 return it to the budget rental office. To make a claim or give notice of a claim, send written notice to:
budget rent a car system, inc.
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attention to: claims
p.o. box 61247
virginia beach, goes 23466
how does the sli affect the application of your auto or general insurance policy?
Your personal insurance policy that provides coverage for your own automobile or another personal policy may provide additional coverage and, to that extent, SLI may provide duplicate coverage. whether, to what extent and to what extent your own policies apply can only be determined by checking the terms of the policies themselves, as these terms vary frequently. however, the protection provided by sli (if sli is accepted), like the protection limits of the cheap rental agreement, is paramount to its own policies. This means that before their own policies were applied to pay a claim, the protection of $1,000,000 (or the combined single limit of $2,000,000 in the following jurisdictions: california, florida, hawaii and new york) afforded by the combination of sli and the limits of the budget rental agreement would have been exhausted.
Please note that in all states we only offer a combined single limit of $1,000,000 on 10, 12 and 15 passenger vans.
what exclusions apply to sli?
The following highlights some of the exclusions that would prevent sli. it is important that you read the rental document and policy carefully to know all the exclusions.
• any prohibited use of the car as described in paragraph 15 of the agreement
• bodily injury or property damage to any insured; nor, to the extent permitted by law in the state where the rental document is signed at the time of rental/where the automobile is rented, to bodily injury or property damage to any person who is related to any insured by blood, marriage or adoption and residing in the same household.
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• the policy does not provide “uninsured motorist”/”underinsured motorist” coverage, except in states where required by law up to a maximum amount of $100,000 ($1mm in florida and new hampshire) or in the amounts required by law
• the policy does not provide “no fault” or other supplemental or optional coverage
• punitive or exemplary damages to the extent permitted by law
Are there any special restrictions on the purchase of sli?
in florida, sli cannot be purchased if the term of the rental document is for more than 30 days, coverage cannot be provided for more than 30 consecutive days; and if the rental document extends beyond 30 days, coverage may be extended one time, for a period not to exceed 30 days.
For more information, call budget toll-free at: 1-800-527-7000
visit budgeting online at budget.com
this is just a summary of sli. The specific terms, conditions, and exclusions thereof are subject to all provisions, limitations, and exclusions contained in the rental document and SLI policy issued by Ace American Insurance Company, one of the US-based subsidiaries. uu. of ace limited (nyse: ace) “ace ” and the ace logo are service marks of the ace group, which is comprised of ace limited and its subsidiaries.
This summary is not intended to provide a complete description of the terms, conditions and exclusions of the policy. For additional details, we encourage you to review a copy of the policy, which is available for inspection, upon request, at the quote location where you are renting.
Employees, agents, or budget sponsors are not qualified to evaluate the adequacy of a renter’s existing coverage.
To view the full brochure, click here.
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