Does Costco Visa have rental car insurance?
Yes, Costco Visa does offer rental car insurance as a perk of using their credit card. This means that when you rent a car using your Costco Visa card, you may be covered for any damages or losses that occur during the rental period. It’s important to understand the specifics of this insurance and to know what is and is not covered.
FAQs about Costco Visa rental car insurance
1. What type of rental car insurance does Costco Visa offer?
Costco Visa offers secondary rental car insurance coverage. This means that it will cover costs not covered by your primary insurance policy.
2. Does Costco Visa cover all types of rental cars?
Costco Visa’s rental car insurance covers most types of rental cars, including compact, mid-sized, full-sized, and SUVs. However, luxury and exotic cars may not be covered.
3. Are there any country restrictions for Costco Visa rental car insurance?
Costco Visa’s rental car insurance coverage is valid worldwide, with a few exceptions. Make sure to check the specific terms and conditions of your policy.
4. Does Costco Visa cover damages to the rental car?
Yes, Costco Visa’s rental car insurance typically covers damages to the rental car, including theft and vandalism.
5. Does Costco Visa cover injuries or medical expenses resulting from a rental car accident?
Costco Visa’s rental car insurance usually does not cover injuries or medical expenses resulting from a rental car accident. You would need to rely on your health insurance for such coverage.
6. Does Costco Visa cover loss of personal belongings in the rental car?
No, Costco Visa’s rental car insurance does not cover loss of personal belongings in the rental car. You may need to look into your renter’s insurance or travel insurance for coverage.
7. Does Costco Visa require you to decline the rental car company’s insurance to be eligible for coverage?
Yes, in order to be eligible for Costco Visa’s rental car insurance coverage, you typically need to decline the rental car company’s collision damage waiver (CDW) or loss damage waiver (LDW).
8. How do I activate Costco Visa’s rental car insurance coverage?
Simply use your Costco Visa card to pay for the entire rental transaction, including the cost of the rental car, with no additional fees.
9. Are there any limitations to Costco Visa’s rental car insurance coverage?
Costco Visa’s rental car insurance coverage may have limitations, such as a cap on the amount covered for damages or the length of the rental period.
10. Do I need to notify Costco Visa before renting a car to activate the insurance coverage?
There is typically no need to notify Costco Visa before renting a car to activate the insurance coverage. Simply using your Costco Visa card for the rental payment should be sufficient.
11. Does Costco Visa’s rental car insurance cover liability insurance?
Costco Visa’s rental car insurance is mostly focused on covering damages to the rental car itself and may not provide liability insurance coverage. It’s important to check the specifics of your policy.
12. Can I use Costco Visa’s rental car insurance for business rentals?
Costco Visa’s rental car insurance coverage is usually intended for personal rentals and may not extend to business rentals. Make sure to review your policy to see if it applies to your specific situation.