What is Supplemental Liability Insurance (SLI)?
Supplemental Liability Insurance (SLI) if purchased will serve as the primary liability insurance to protect you against bodily injury claims and property damage claims made against you by other people up to $1,000,000. SLI does not provide any coverage for damage done to our truck. SLI costs $12 per day.
Budget now has Supplemental Liability Insurance (SLI) available at participating U.S. locations. SLI is an optional plan offered by Budget when you rent a Budget truck. It’s an “Excess Vehicle Liability Insurance Policy” that provides additional liability insurance, within specified limits, above the limits provided in the Budget Rental Agreement. SLI insures you, and authorized operators as defined in Budget Rental 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 Budget truck as permitted in the Budget Rental Agreement. SLI is a separate insurance policy issued to Budget by ACE American Insurance Company. It is made available to you as the customer when renting a Budget vehicle if you elect to accept SLI for an additional daily charge as shown on the Budget Rental Agreement.
If there is an accident where the renter is at fault, the renter has a legal obligation to pay for any bodily injury and / or property damage. SLI insures the driver against bodily injury and property damage to a third party up to a total of US $1,000,000, IN EXCESS of the required amount of insurance carried by the Car Rental Company. Additionally, up to $100,000 in total for situations where the negligent party has insufficient insurance, no insurance or is unidentified against accident and legally awarded compensation following bodily injury or property damage. In UK, most of Europe, South Africa, New Zealand and Australia and most of the Middle and Far East, rental companies are required to carry unlimited Third Party Liability Insurance. In USA, Canada, the Caribbean and South America, there are different legal requirements that the rental company must abide by. These laws state the minimum liability that the rental company must provide themselves on behalf of the renter (you). In
