Executive Summary -
The auto rental insurance policy for card holders is typical of what we see in Visa credit cards. It acts as a secondary coverage for domestic rentals and primary coverage for international rentals. Lots of fine prints which we will cover here.
The car rental insurance policy of this card is underwritten by Federal Insurance Company, which is a member insurer of the Chubb Group of Insurance Companies. The policy features resembles a standard one of Visa credit cards. Below is a summary and explanation of the policy.
The insurance covers both domestic car rental and overseas car rentals.
Domestic Car Rentals
- For domestic car rentals, the coverage acts as a secondary coverage (since by law we need an auto insurance to drive a vehicle) in the United States. Hence, it will cover any deductible payments you have to make in the event of an accident or theft. You will be covered up to the full value of the car. The coverage is good for 15 days. Hence if you intend to rent a car for more than 15 days, you have to "rent it twice"!
International Car Rentals
- For international car rentals, the insurance is good for 31 days. If your auto insurance does not cover overseas travel and driving, then the insurance from this card will act as a primary coverage.
This coverage is not available in Israel, Jamaica, Northern Ireland and The Republic of Ireland. You also have to remember that some car rental companies overseas will insist that you get the Collision Waiver insurance from them. It is best to check with them and your credit card before booking and making any assumptions.
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