picture this, you ’ re about to sign the dashed trace for the “ collision damage release ” or CDW insurance when you remember that your credit calling card offers you coverage for rental cars. Most rewards accredit cards provide some tied of protection when you use it to pay for a lease car, but the protection frequently varies from one tease to another. To make things easy, we ’ ve put together all of the most democratic FAQs you may have regarding citation batting order rental indemnity coverage .
What type of coverage do rental car companies provide?
typically, lease cable car companies provide four types of cable car indemnity that they offer to you before you rent a vehicle. They include the pursue :
Supplemental Liability Insurance : This increases your indebtedness up to $ 1 million. Can cost anywhere between $ 7- $ 15 per day.
Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) : Waives your load for larceny or damages. The cost can range from $ 9- $ 19 per day .
Personal Accident Insurance (PAI) : This coverage provides checkup and accidental death benefits should you or your passengers become hurt or killed as a result of an accident. coverage can cost $ 1- $ 7 per day .
Personal Effects Coverage : pick up compensation for any personal property that is stolen from your rental vehicle. Can cost anywhere between $ 1- $ 5 per day .
If you ’ re person who drives regularly and owns a car, then it ’ randomness potential you already carry an car indemnity policy with some screen of auspices when you drive a lease car, therefore you can decline most rental insurance offered to you .
however, it ’ randomness constantly a good theme to brush up on your car indemnity policy ( and home ) to see what ’ sulfur covered and what ’ s not, so you know where your gaps in coverage are. If you ’ ra uncertain of what ’ mho in your car policy, contact one of our agents at TGS indemnity ! Our team will be happy to help you better understand your policy, offer solutions to any gaps, and best of all, save you a short ton of money !
It ’ second important to note that depending on what types of security you should opt-out of depends entirely on the value of your rental cable car and what your own car policy policy limits, deductibles, and coverages .
- If you are offered Liability Insurance Supplement, refuse if you have sufficient personal indebtedness indemnity .
- If you are offered Collision Damage Waiver ( CDW ) or Loss Damage Waiver ( LDW ), decline if you have sufficient personal comprehensive and collision coverage .
- If you are offered personal Accident Insurance ( PAI ) descent if you ’ ve got sufficient personal injury protection and health indemnity .
- If you are offered personal Effects Coverage decay if your homeowners or renters indemnity extends to rental cars .
What type of coverage does my credit card cover for rentals?
credit cards typically only provide collision damage coverage, so you will not be held responsible for any larceny or damage to the lease car .
When you go to pick up your lease car, you ’ ll motivation to decide on whether or not you want to pay for the rental company ’ s collision damage release ( CDW ). The release takes the duty off your hands if any damages may incur while in your monomania. If your credit calling card provides free CDW protection as a function of its rewards, you can save some money and avoid having to pay for the protection you already have .
Which Credit Card Covers Car Rental Insurance?
Creditcards.com put together a list of the best credit cards that include the most coverage for rental vehicles. Knowing if your credit card covers rental insurance can save you hundreds of dollars in the long run .
American Express
- Amex offers auspices improving to $ 50,000 on most cards and $ 75,000 for Platinum and Reserve cards for wrong or larceny .
- Delta SkyMiles® Reserve American Express Card or The Platinum Card from American Express will provide rental car insurance protective covering for accidental deaths and dismemberment .
- Reserve and Platinum cards include accidental injury insurance in a lease car for a limit of $ 300,000 .
- additionally, personal property rental car coverage is carried on Platinum and Reserve cards .
- Amex rental car protection is a junior-grade option if your elementary insurance plan does not cover rental damages .
Chase
Capital One
- capital One rental car indemnity offers coverage for loss due to collision and theft up to the worth of the vehicle in the United States and overseas except for Israel, Jamaica, The Republic of Ireland and Northern Ireland .
- capital One cable car rental indemnity additionally offers compensation for qualified loss-of-use and admin charges set by the rental car company, adenine well as tone down tow fees .
- capital one is your second beginning of policy when you ’ re in your home country and acts as your primary indemnity when outside of the area ( except for the countries that are unqualified ) .
- You are guaranteed 15 days of auspices for lease cars in your nation and 31 days outside the country .
Bank of America
- car rental insurance is included with all Bank of America accredit cards .
- Visa cards binding 31 lease days in a row and Mastercards cover 15 rental days in a row .
- For Visa cards, it protects from larceny and damage up to the cash value of most cars .
- For Mastercards, it covers larceny and damages up to $ 50,000 or less .
- Protects from loss-of-use and tow expenses .
- security is secondary coverage on all cards .
Wells Fargo
- security is for loss and damage up to the cash value of the fomite to a limit of $ 50,000 .
- security is secondary for all states except for New York .
Understanding your rewards credit circuit board benefits and indemnity policies can help provide you with coverage on rental vehicles and save you money. If you ’ ra diffident if your stream rewards card has rental cable car protection, we ’ vitamin d rede that you contact your credit card company to seek out extra data. If you ’ re uncertain if your indemnity policies offer coverage for rental cars, talk to the TGS Insurance team ! Our agents will be more than glad to review your current policies, answer questions, and make the best recommendations for you. It ’ second crucial to understand all of your options because the more you know, the more you could save !
FAQs
Which credit card is best for rental car insurance?
According to Creditcards.com, the best credit cards for rentals are :
- American Express
- chase
- capital One
- Bank of America
- Wells Fargo
Do you need extra insurance when renting a car?
Depending on your car indemnity policy, you may be covered under that primary policy and could decline the extra coverage when renting a car. If your car insurance doesn ’ thymine offer coverage for rental vehicles, then your rewards credit card may offer some protection. Check with your car indemnity supplier and your credit wag company to see what type of coverage you have. It could save you some money in the long run .
How do I know if my credit card covers car rental insurance?
You can determine if your credit tease covers rental indemnity in two ways. You can either read the fine mark on your credit poster or give the company a call and check your benefits that way .
About Katie Rosario 
Katie has been in the marketing diligence for over 10 years and has a hard passion for writing great contentedness. She has been writing for TGS Insurance for three years and strives to make every slice of contented she works on enlightening and easy to read. In her spare time, she enjoys baking and outgo time with her class.