One of the many benefits of credit card car rental insurance

Jun 15 2011

One of the many benefits of credit card car rental insurance

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One of the advantages that come with credit card holders is especially convenient for travelers – Car rental insurance. Details are in the fine print, as the most important things in life. Most credit cards offer rental coverage against damage and theft. One objection is that you must pay for the entire lease with your insurance card and decline the rental company. This service is a great advantage, but make sure you understand what is covered and what is not. This is what you should know:

Primary personal protection
Coverage is offered as a benefit to your credit card company added in nature. For those who have insurance coverage on your personal vehicle, the application will be sent to them first. This exemption shall apply other expenses not covered by their service personnel will be paid for the rental car in its credit card policy.

Questions about the long journey
For a program credit card rental car insurance, you are limited to 15-31 days, depending on the issuer of the card. Therefore, if you plan a cruise of three months in Europe, for example, would be better to accept a lease of insurance benefits and leave your card for short trips.

The loss of user fees
When a leasing company claims the loss of revenue, because the car was being repaired, the parties may be required to pay the cost of “loss of use.” This provision is included in most CDW. But the coverage of credit cards may not apply if the rental company to provide the user logs show that there were very few rental cars. There may be a problem if the leasing company considers confidential paper, leaving a credit card is responsible.

Limitations and exclusions
In general, the coverage provided by the issuer of your card for vehicles that are considered for families or business people. If you upgrade to luxury cars, worth more than $ 50,000, you may not be covered by the policy of your card. In addition, most policies do not cover rental trucks.

When you travel can also be a problem if you want to take advantage of car rental insurance credit card. Exceptions and limitations on the details of the agreement. If you do not have regulations governing the benefits of your card, contact your bank and ask to be sent.

The benefits of rental car insurance only one of many possible uses credit cards for purchases and travel. Remember to review your account agreement and see what other benefits may be missing.

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