Credit Card Rental Insurance
♫ Friday, June 24th, 2011
Credit card rental insurance is a specific feature of the vast majority of credit cards, which will provide you with coverage should a rental vehicle be damaged after a collision, or if it is stolen. This life insurance is specifically designed to pick up from where your primary insurance coverage ends. This will also include paying your deductible. If you have no car insurance when you are in a rental car, you should find that your credit card company will generally act as your primary insurer. However, with that said, you will find that the terms and conditions vary from company to company, so it is extremely important that you read the fine print to determine whether or not your credit card company offers this benefit.
In order to ensure that you have credit card rental insurance, you will need to pay for your rental car with a credit card that offers this specific coverage. You are likely to be offered collision damage waiver insurance by the car rental company, although you are now aware that you do not require this coverage. It is also extremely important that you are the primary renter of the car. Credit card rental insurance makes life extremely easy and there is actually no need to notify your credit card company unless a particular incident or loss occurs.
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