I just got another amex Platinum Credit Card about the card’s auto rental coverage. Essentially, it was telling me to upgrade my car rental coverage.

As a credit card holder of American Express, you are automatically covered for the loss or damage to a rental vehicle. The basic coverage is for the following :

Standard Coverage

1. Up to 30 days of consecutive coverage

2. Secondary insurance (policy pays in excess of other insurance)

3. Up to $75k in coverage

4. Coverage for standard vehicles.

Premium Coverage

If I were to be upgraded to a premium coverage, the improvements will be as follows :

1. I will have up to 42 days of consecutive days of coverage (unless I am a Washington Resident - in which on 30 days apply).

2. The coverage will be primary - which means it will pay regardless of other insurance.

3. The coverage is increased from $75,000 to $100,000 for damage, theft or loss of the rental vehicle.

4. The coverage includes both luxury and standard vehicles.

Basically, the cost of this is $24.95 per rental, which according to Amex is a good deal because rental companies charge $20 a day for such coverage. I do not know about this because I never get any sort of premium coverage when I rent a car. But what really intrigued me is actually the definition of luxury vehicle. What is it? Guess I have to make a few calls to find out. But for now, I do not have any interest in this at all.

This entry was posted on Wednesday, April 23rd, 2008 at 10:23 pm and is filed under American Express Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.