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Credit Card Insurance Coverage for Rental Cars

Some credit card companies such as Visa, Mastercard, American Express and Discover offer some form of rental car coverage. This coverage is separate from your auto insurance policy and the rental coverage that the rental company offers you. The coverage provided by the rental company actually isn’t coverage, but a waiver. This waiver prevents the rental car company from suing you after an auto accident.

 Essentially, credit card rental coverage helps pay for auto insurance deductibles which may be as high as $1,000. However, coverage on any particular card can vary based on the issuing bank, your credit, and the specific terms of your credit card agreement. For example, your credit card company may cover any damage that occurs to the rental vehicle during a predetermined rental period. 

How do I Know if I Have Credit Card Insurance Coverage?

To find out whether or not you have credit card insurance, you will need to speak with your credit card company. By asking about credit card coverage for your rental car, you may automatically receive coverage. However, credit cards generally do not cover personal injury or liability. Instead, they can cover collision damage,offer theft protection, and help cover deductibles. 

Generally speaking, credit card coverage is a secondary coverage. Meaning if you have car insurance, you must file a claim with your auto insurance company first. Your credit card has the potential of paying for the deductible, towing charges and other fees. However, credit card companies have their own restrictions and exclusions so make sure to verify coverage with a credit card agent before you book your rental. 

How to Find Out What Coverage You Have

Understanding what rental coverage you can receive from your credit card requires you to call the phone number on the back of your card and ask the issuer. You can also find this information in the guide-to-benefits information provided by your card issuer. By having the information of what your credit card company covers, you can safely refuse the waiver offered by the rental car company.

Exclusions

Credit card coverage excludes certain types of vehicles including expensive, exotic cars, motorcycles, trucks and large vans. Some credit card companies also have a seat limit on the vehicle size they’ll cover. 

Filing a Claim

Ask your card issuer what documents must be submitted for your claim. You may need to send in an accident report from the police or rental car company, the rental agreement, repair estimates, and photos of the accident and damage to the vehicle.

 If you do not want to deal with the hassle of filing claims with your credit card company, you can buy coverage from the rental car company which may be more expensive but may result in less paperwork. 

Were you or someone you know involved in a recent auto accident? Call Auto Accident Care Network now at 801-683-1948 to connect with a live care advocate. Our team at AACN can connect you to trusted attorneys and doctors to schedule a free legal consultation, a free thirty-minute massage, and a no-cost medical exam!

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