Takata Airbag Recall: What Does This Mean for Your Auto Insurance?
Although many vehicles seem to be affected by the Takata airbag recall, we have only had a handful of clients call us about their vehicles. Some Honda owners have been instructed by the dealers not to drive the cars as it is unsafe to do so, and are receiving free rentals until the replacement parts are available. Since there is such a backlog on the getting the replacement parts to the dealers, some insureds will have these temporary rentals for possibly 3 months. Normally the coverage you have on your car would extend coverage to a rental/substitute vehicle (meaning your car is at home or at dealership not being used) but no more than 30 days. These are extenuating circumstances though and some of the companies are making exceptions to this 30 day limitation. I would recommend that you call us or whomever your agent is to find out if your policy will extend beyond the 30 days for this recall situation and what the limitations are under the policy such as Loss of Use and Depreciated Value to the rental car.