Car rental with VISA credit card

[DEAGLER]

I heard if you rent a car with a VISA credit card they can actually cover car damage and theft? So basically it acts as your insurance?

[kidicarus13]

Check the terms and conditions of your specific credit card. Rental car insurance is pretty common.

[Great-Kazoo]

What a lot of folks do not understand regarding car rental.
IF you decline the CDW and use your own ins coverage, all is good right? Wrong, yes you are covered, HOWEVER the rental agency is allowed to bill all repairs to your CC UNTIL your ins co reimburses the rental car place.

[Irving]

What a lot of folks do not understand regarding car rental.
IF you decline the CDW and use your own ins coverage, all is good right? Wrong, yes you are covered, HOWEVER the rental agency is allowed to bill all repairs to your CC UNTIL your ins co reimburses the rental car place.

I'm dealing with a claim on a rental car right now where the person is just using their own insurance and that has not happened. However, I wouldn't say that you are incorrect because that is just one company that I am working with, and not all rental companies are created equal.

OP, definitely check your terms and conditions.

The easiest way is to just buy the coverage from the rental place, but it is far from the cheapest. If you use your car insurance, you will still owe your deductible, and the rental company will charge you dumb fees and loss of use charges, which your insurance company will NOT pay. *Some rental companies will waive the fees for some insurance companies, but when they don't, you are stuck with them.

[DEAGLER]

I found this.

http://usa.visa.com/personal/cards/benefits/bft_dmg_waiver_personal.html

[brutal]

You will notice they only cover your deductible unless you don't carry personal auto insurance.

Amex does this as well but you must BOOK the rental with the card for coverage. If you use your own ins, be prepared for rate increase if the damage is over $1500.

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[Irving]

From the website posted:


What is this benefit?

Subject to the terms and conditions provided in this Guide to Benefit, the Visa Auto Rental Collision Damage Waiver benefit ("Auto Rental CDW") provides reimbursement for damage due to collision or theft up to the actual cash value of most rental vehicles. In your country of residence, this benefit is supplemental to, and excess of, any valid and collectible insurance from any other source. We will reimburse only for that damage or theft not payable by any other party. Here are answers to some commonly asked questions about the benefit.

This means that the coverage is only secondary to your own insurance policy. If you decline the rental insurance, your insurance will take care of the damages, and you will have to pay your deductible. This coverage from the credit card only kicks in if you do not have insurance.

Brutal, in the State of Colorado, it is illegal for insurance companies to raise your rates over a claim that is less than $1,000, regardless of fault. If you are at fault for the damage, then it doesn't matter what the amount is. If your company makes a total payout of say $500, but you received a moving violation or some kind of chargeable citation, they can still raise rates for that citation. I very, very rarely see claims that are less than $1,000, and almost never that are less than $500.

[brutal]

From the website posted:

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This means that the coverage is only secondary to your own insurance policy. If you decline the rental insurance, your insurance will take care of the damages, and you will have to pay your deductible. This coverage from the credit card only kicks in if you do not have insurance.

Brutal, in the State of Colorado, it is illegal for insurance companies to raise your rates over a claim that is less than $1,000, regardless of fault. If you are at fault for the damage, then it doesn't matter what the amount is. If your company makes a total payout of say $500, but you received a moving violation or some kind of chargeable citation, they can still raise rates for that citation. I very, very rarely see claims that are less than $1,000, and almost never that are less than $500.

It may have been $1500 at the time as I recall, maybe $1000 as you say it is now. Thanks to amex, I was told that in order to receive coverage for a backing accident, a police report would be required. I was cited, fined, and in the end they declined to pay because my wife made the reservation on her card, but we provided mine at pickup. Rental co would not let me pay out of pocket so I got jacked by my carrier as well. Moral of the story is, talk to your agent and don't trust the others!

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[DEAGLER]

We had hail damage once and my sister's VISA covered the damage on the rental.

[Irving]

We had hail damage once and my sister's VISA covered the damage on the rental.

Did she have comprehensive coverage on her regular vehicle?

[DEAGLER]

Did she have comprehensive coverage on her regular vehicle?
She had full premium coverage.