How does rental car insurance offered by credit card companies when you use the card work?

I have credit cards which say they cover me for rental car insurance when I use the card to make the full payment for the rental. How does that work? Are there any catches? Does it make sense for me to get the additional insurance from the rental agency like Avis ? If I am in an accident, will the Credit Card insurance cover everything or will it also be charged to my regular car insurance company?

Responses:

Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell to Manitobans a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So, before you rely on your credit card, read the wordings booklet, then talk to you auto insurance agent
yes there is a catch. most cc will only cover only after you have exhausted your car insurance. and yes you should get coverage from the rental agent. why? beacuse when you get into an accident or if the vehicle is stolen they cover the car a hundred percent no deductibles to you, even if the car was vadilized in the parking lot. you do not have to report it your insurance co so no high rates and no deductibles. insurance co tell you not to buy it beacause when you file a claim they make money off of your deductible. so when you cover the car from the rental you have the option of full or basic. basic means the car is covered a hundred percent no matter what happens. I use to be a rental agent. :
I think if I remember right, the credit card only covers the deductable portion of your auto insurance. You would be best serve to contact your credit card company to make sure
Credit Card Insurance provided for rentals is a re - embursement of cost which means you must first pay to have the repairs done then submit the receipt to the Credit Companies Insurance. They can take as long as they like to re - emburse you and there is a chance you may not be fully re - embursed. Also there is the matter of "Loss of use" which is not covered by CC Insurance or Personal Insurance. This means that while the vehicle is being repaired and not producing revenue, you are still essencially renting a vehicle sitting in the repair shop. Only the Loss Damage Waiver offered by the rental industry allows you to just walk away

Tags: rental, catch, rented, canada, credit

Follow this dicussion..

Related Images:

Knowledge Base

Where can I get car insurance quote online?

i am looking for a non - biased list of quotations. i am from new york by the way. anybody knows any website where i can get a list of car insurance quote online?. autoinsuranceestimate.info has a form you just fill in and it shows you different rates from different (car insurance quote)

How do you get cheap car insurance for an 18yo?

i need to find cheap car insurance for an 18yo female who owns outright an $11000. 00 car. any suggestions?. well, this is not enough data. how much insurance does she need? if her car were totaled, could she walk away from that, or is the loss too catastrophic to (car insurance quote)

I got a car insurance quote from State Farm that?

is double that of the quotes i got online from brokers. is it better to go with state farm or one of the cut rate insurance companies? i mean in the event of an accident and getting paid. i also rent a lot of cars and will be using the (car insurance)

Related Images:

Knowledge Base: Car Insurance

car Insurance?

i need help pickin out insurance for ma car, what would b the cheapest simpilist insurance? im a teen 17yrs. get on your parent insurance. you are screwed no matter who you go with you will pay double and triple what driving adults pay prepare for the shock of what (cheap car insurance)

how can i get a lower car insurance quote?

im looking for cheap car insurance. im 16 and i have a 1994 oldsmobile bravda and im trying to get cheap insurance. i have gotten quotes from several insurance companys and wanted to know if there is a way i can make it lower. go to geico duhhhh. do not (car insurance)

CAR INSURANCE?

when buying a car i know you have to have car insurance before you drive up but does that necessarliy means they want know you have it but do they let you drive off the lot first or do you give the dealership the insurance money! ? / . they (car insurance quote)

How do you get cheap car insurance for an 18yo?

Car Insurance?

i am planning to buy a used 1992 honda prelude for $2, 700. 00. how does the insurance work? does the price of the car that i paid or the retail price, plays as a factor of how much i would have to pay monthly for insurance. what insurance company (car insurance quote)

Related Images:

Knowledge Base: Car Insurance

What is the least amount of car insurance I need to have on a car that doesn't have a loan on it?

i live in wisconsin and havent had insurance in about four years. i am getting married in six months and my fiance's insurance agent said that i should get insurance now, six months before the wedding, so that once we get married and i get added onto his insurance, i (car insurance)

Car Insurance?

How does the whole car insurance thing work?

i am a 19 year old boy. my parents are buying me my first car. it is a nice pre - owned car. how does the insurance for the car generally work? is it required? i will be in college next year. can they take care of my car insurance? (car insurance)

Is it necessary to buy Rental Car Insurance even though i have my car insurance policy with me?

i have a car and have taken auto insurance for it. now my question is if i take a rental car, then my auto insurance policy for my car covers it or i need to take separate insurance for the rental car? when i took the auto insurance policy, they (car insurance)

How does rental car insurance offered by credit card companies when you use the card work?

i have credit cards which say they cover me for rental car insurance when i use the card to make the full payment for the rental. how does that work? are there any catches? does it make sense for me to get the additional insurance from the rental agency like (car insurance)