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Car Rental Insurance Coverage of Chase Freedom® Visa

Picture of Item Reviewed

Editor's Rating:

Intro Purchase APR Regular APR Intro Balance Transfer Annual Fee Credit Needed
N.A. $0 Excellent Credit
Executive Summary - We examine the car rental insurance coverage for this card. This perk is actually provided by Visa and we will look into the fine prints and details.

One of the most common question we get here is about the Car Rental Insurance policy of this card. In this part of the review, we will look in more detail on this benefit. Because this card has both a Visa and MasterCard version. So let's get down to it.

Visa Version - When you get aprroved for a any Visa card, you will enjoy their car rental insurance benefits. To so call "activate it", you would need to use your card and pay the car rental in full. You must also decline the collision insurance that is offered by the rental company.

The coverage includes both collision and theft up to the value of the vehicle. It can be either a primary or secondary coverage depending whether you are in your country or not. If you are renting a car outside your own country and your auto insurance does not cover that, then the Visa coverage will act as a primary coverage.

If you are renting a car in your own country, then most likely, you are required by law to have auto insurance. In this case, Visa's coverage will be secondary and will cover expenses not covered by your primary insurance like deductibles.

Most vehicles are eligible except for exotic vehicles. On Visa's website, they gave a few examples like Ferrari, Lamborghini, Lotus etc. Other vehicles that may not be eligible include trucks, motorcycles, limousines, open cargo bed and recreational vehicles.

The insurance coverage is valid for 15 days if you rent a vehicle in your own country and 31 days if it is rented outside your country. For Visa, coverage is excluded in the Republic of Ireland and Northern Ireland, Israel, Jamaica.

It is important to note that the coverage by Visa is slightly different from MasterCard.

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