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When it comes to paying for a rental cable car, not all credit cards are created equal. The amber standard is a accredit cards with elementary cable car rental indemnity .
Beyond the welcome bonuses and points, a great credit circuit board can offer protection when things go very wrong. A fringe benefit of many cards is car lease indemnity coverage that gives you peace of mind when you hit the road .
here ’ s what separates run-of-the-mill citation cards from boom cards.
Primary Coverage vs. Secondary Coverage
The agent at the rental car counter will offer costly policy normally referred to as Collision Damage Waiver ( CDW ) or Loss Damage Waiver ( LDW ). In holy order to decline coverage—thus saving yourself a pack of dough—you should have rental cable car coverage either through your personal car policy or your citation card or both .
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closely every basic credit calling card offers secondary lease car coverage, but this coverage has some meaning drawbacks. There ’ mho normally a hearty deductible and it may not cover the entire loss of a vehicle or Loss of Use fees if you get in an accident. But more importantly, it kicks in only after your own personal car insurance is depleted. so if you pay with a card that offers junior-grade policy, you still need to file a claim with your cable car indemnity company. That can cause your car indemnity bounty to go up .
Most secondary coil policies on credit cards automatically become primary coil coverage in two common scenarios. The foremost is if you ’ re renting a car outside the US and your personal cable car policy policy doesn ’ t cover you in that state. The other is if you don ’ metric ton own a car and consequently don ’ thymine carry personal car policy. But always, constantly double check your card ’ sulfur coverage so you know for surely before you decline the CDW/LDW coverage .
many premium credit cards offer primary coil car rental policy, which means it kicks in before your personal car insurance. You are covered for the full damages due to collision or larceny of most lease cars up to a maximum sum that typically exceeds the entire value of the rental cable car. You must waive the car rental company ’ sulfur CDW/LDW coverage offered at the counter for these benefits to apply.
Credit Cards That Offer Primary Rental Car Coverage
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More premium cards are offering primary coverage than in the by. Some noteworthy cards on the list are :
note that many business credit cards besides offer rental car insurance but only if the rental is for business use .
Caveats When Relying on Credit Card Rental Car Coverage
There are a few authoritative exceptions to car lease coverage from a credit card that you should know about .
- It almost never includes liability insurance. Whether your card offers primary or secondary coverage, it applies to damage to the rental car but not to damage you might cause to other cars or necessary medical treatment for you, your passengers or pedestrians. Most states require car rental companies to include minimum liability coverage in their rates, though it’s usually not enough to cover a major accident. You can consider over-the-counter liability coverage or Personal Accident Insurance or your own health insurance policy may also kick in here.
- It won’t cover any and all types of cars. Stick to the normal categories of car (compact through full-size), and you’re covered. But choose a luxury car, passenger van or specialty vehicle and you need to buy the CDW/LDW at the counter.
- It typically will only cover you for a month. If you’re renting a car for less than 30 days, the typical limit, you’ll be covered. But if you need a car for an extended period, you may need to consider options for long-term car rental insurance.
- It may not apply overseas. Every card has a list of excluded countries, which varies from issuer to issuer. But the most common exceptions are Australia, Israel, Italy, Ireland, Jamaica and New Zealand.
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Read more: Do I Need Rental Car Insurance? | USAA
When you choose a credit card, weigh the annual tip against the money you will save through benefits when you travel .
It ’ mho crucial that you know what kind of lease car indemnity your citation poster offers before you get to the counter. When in doubt, give a agile predict to the customer service act on the back of your circuit board .