Last updated 2019-09-14
Page ID: PKY9BV
Loss of Use management
Loss of Use management is the process of helping the customer arrange and pay for alternate transportation.
Section topics
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Concept
Loss of use extension for vehicle settlements policy
An estimator must obtain approval if they decide to extend the customer’s Loss of Use coverage beyond the standard three days or beyond insurance policy limits for a total loss claim.
An estimator must obtain approval if they decide to extend the customer’s Loss of Use coverage beyond the standard three days or beyond insurance policy limits for a total loss claim.
Reference
Loss of Use priority of payment
A priority of payment list for Loss of Use (LOU) when a customer has access to multiple sources of LOU coverage, such as roadside plus and Basic Vehicle Damage coverage.
A priority of payment list for Loss of Use (LOU) when a customer has access to multiple sources of LOU coverage, such as roadside plus and Basic Vehicle Damage coverage.
Concept
Rental vehicle rates and other charges
Rental vehicle rates and other charges must be reasonable but there are other costs associated with renting a substitute vehicle that may not be covered.
Rental vehicle rates and other charges must be reasonable but there are other costs associated with renting a substitute vehicle that may not be covered.
Concept
Reimbursement under loss of use for the expense in renting a substitute motor vehicle
Reimbursement under loss of use for the expense in renting a substitute motor vehicle is more efficient with preferred rental vehicle suppliers. They offer direct billing and digital invoicing for better customer service at the best possible value.
Reimbursement under loss of use for the expense in renting a substitute motor vehicle is more efficient with preferred rental vehicle suppliers. They offer direct billing and digital invoicing for better customer service at the best possible value.
Concept
Expense reimbursement for taxis or public transportation use
Handling the expense reimbursements under LOU for the expense of hiring taxis and using public transportation.
Handling the expense reimbursements under LOU for the expense of hiring taxis and using public transportation.