What credit card offers rental insurance?
If you’re someone who frequently rents cars, having rental insurance can be a huge relief in case of an accident or damage to the vehicle. While some credit cards offer this feature as a perk, not all of them do. However, there are a few credit cards that do provide rental insurance coverage to their cardholders. One of the most popular options is the Chase Sapphire Preferred Card.
**Chase Sapphire Preferred Card** is one of the credit cards that offers rental insurance to its cardholders. This benefit can save you money by covering the cost of repairs or even replacing a rental vehicle if it’s damaged or stolen.
FAQs:
1. What is rental insurance coverage?
Rental insurance coverage provided by credit cards can protect you from having to pay out of pocket for damages to a rental car.
2. How does rental insurance coverage work?
If you pay for your rental car with a credit card that offers rental insurance, the coverage kicks in if the rental car is damaged or stolen during the rental period.
3. Does rental insurance coverage apply to all types of rental cars?
Most credit cards that offer rental insurance only cover standard rental cars, but luxury and exotic vehicles are usually excluded.
4. Are there any limitations to rental insurance coverage?
There may be restrictions on the length of the rental period and certain countries where the coverage is not valid.
5. Is there a fee for using rental insurance coverage from credit cards?
Most credit cards that offer rental insurance coverage do not charge an additional fee for using this benefit.
6. Is rental insurance coverage primary or secondary?
Some credit cards offer primary rental insurance coverage, which means it kicks in before your personal auto insurance. Others offer secondary coverage, which means it only pays out after your personal auto insurance has been exhausted.
7. How do I activate rental insurance coverage on my credit card?
In most cases, you simply have to pay for the rental car using the credit card that offers the coverage to activate it.
8. Can I decline the rental car company’s insurance if I have coverage through my credit card?
Yes, if you have rental insurance coverage through your credit card, you can decline the rental car company’s insurance, potentially saving you money on your rental.
9. What types of damages are typically covered by rental insurance?
Rental insurance coverage usually covers damages resulting from accidents, theft, vandalism, and other specified events.
10. Are there any exclusions to rental insurance coverage?
Exclusions can vary depending on the credit card issuer, but common exclusions may include driving off-road, racing, and driving under the influence.
11. How much coverage does rental insurance provide?
The amount of coverage provided by rental insurance can vary, but it usually covers the cost of repairs or replacement of the rental car up to a certain limit.
12. Can I add additional drivers and still be covered by rental insurance?
Most credit cards that offer rental insurance coverage only extend the benefit to the primary cardholder, so adding additional drivers may not be covered.