Does Costco card cover rental car insurance?
Many people wonder if their Costco membership card covers rental car insurance. The short answer is yes, Costco’s Anywhere Visa Card by Citi does offer rental car insurance coverage. This benefit is often overlooked by cardholders, so it’s essential to understand the specifics of this coverage before renting a car.
Costco’s Anywhere Visa Card by Citi provides secondary rental car insurance coverage, meaning it kicks in after your personal auto insurance. It covers theft and damage to the rental vehicle but does not include liability coverage. To be eligible for this benefit, you must decline the rental agency’s collision damage waiver (CDW) and charge the entire rental cost to your Costco Visa card.
While this coverage can save you money on rental car insurance, it’s essential to review the terms and conditions of your Costco Visa card to understand the limitations and exclusions of the rental car insurance policy.
FAQs about Costco card rental car insurance:
1. Is the rental car insurance coverage provided by Costco’s Visa Card comprehensive?
Yes, the rental car insurance coverage is comprehensive as it covers theft and damage to the rental vehicle.
2. Does Costco’s rental car insurance cover liability?
No, Costco’s rental car insurance coverage does not include liability coverage.
3. What do I need to do to activate the rental car insurance coverage with my Costco Visa card?
To activate the rental car insurance coverage, you must decline the rental agency’s collision damage waiver (CDW) and charge the entire rental cost to your Costco Visa card.
4. Is there a deductible for Costco’s rental car insurance coverage?
Yes, there is a deductible with Costco’s rental car insurance coverage. It varies depending on the specifics of your Costco Visa card.
5. Does the rental car insurance coverage apply to rentals outside of the United States?
Yes, the rental car insurance coverage provided by Costco’s Visa Card applies worldwide.
6. Are there any exclusions to the rental car insurance coverage with Costco’s Visa Card?
There are exclusions to the rental car insurance coverage, so it’s crucial to review the terms and conditions of your Costco Visa card to understand them.
7. How does Costco’s rental car insurance coverage compare to other credit cards?
Costco’s rental car insurance coverage is comparable to other credit cards that offer secondary rental car insurance coverage.
8. Can I use my Costco Visa card’s rental car insurance coverage for business rentals?
Yes, you can use your Costco Visa card’s rental car insurance coverage for personal and business rentals as long as you charge the entire rental cost to your card.
9. What should I do if I need to file a claim for rental car insurance coverage with my Costco Visa card?
If you need to file a claim for rental car insurance coverage, contact the benefits administrator for your Costco Visa card to initiate the claims process.
10. Can I add additional drivers to my rental car insurance coverage with my Costco Visa card?
Check with your Costco Visa card provider to see if additional drivers are covered under the rental car insurance policy.
11. Do I need to enroll in any additional programs to access the rental car insurance coverage with my Costco Visa card?
No, you do not need to enroll in any additional programs to access the rental car insurance coverage with your Costco Visa card.
12. Are rental cars of any type covered by Costco’s rental car insurance coverage?
Most types of rental cars are covered by Costco’s rental car insurance coverage, but it’s essential to review the terms and conditions for any exclusions.
In conclusion, Costco’s Anywhere Visa Card by Citi does offer rental car insurance coverage, making it a valuable benefit for Costco members who frequently rent vehicles. By understanding the specifics of this coverage and following the necessary steps to activate it, you can save money and have peace of mind when renting a car.