7/22/2023 0 Comments Venture one rental car insurance![]() ![]() Having established the value of primary car rental insurance, which credit cards offer it? As the list indicates, premium cards are your best bet. In contrast, secondary policies sometimes have lower limits for total coverage, lower duration of rental allowed and fewer countries in which rentals are covered. ![]() Primary coverage is also more likely to have generous terms and cover the full cost of the car. Why Primary Insurance Is BetterĪ card with primary coverage eliminates the need to file a claim with your personal car insurance, a process that would typically subject you to a deductible payment and monthly premium increase. Conveniently, this means you can start the process of submitting a claim by calling the number on the back of your card. As the name suggests, the primary insurance applies first, no matter what other coverage the renter has. On the other hand, with primary coverage from a credit card, personal car insurance is immaterial. As anyone who has dealt with insurance companies will know, this can be a time-consuming process. Therefore, you would have to file a claim with your other insurance first. ![]() This means that the card’s insurance will pay only the amount not covered by another policy the driver has. Read More: When Should You Buy a Collision Damage Waiver The Difference Between Primary and Secondary Coverageįor starters, it’s worth mentioning that most credit cards offer secondary insurance for rental cars. For instance, in Mexico it may only cover around $17,000 in injuries and damages, but you can purchase supplemental liability insurance. When booking, you may see this reflected in the base rate as “third party insurance.” Note that the maximum coverage offered by this included liability insurance can be low in some countries. Mexico and most of Europe) require liability insurance to be included in the rental price, so you don’t need to purchase it yourself. To have full liability protection, you’d need to purchase the rental company’s insurance at the counter (typically $8 to $20 per day), have coverage through your car insurance at home (usually only covers domestic rentals) or purchase a separate policy. Thus, if you were to cause an accident that damaged another vehicle or injured its passengers, you would be personally liable, even with credit card coverage. The CDW covers the driver’s car, not other cars or people. While insurance through a credit card might be able to replace the CDW, it does not provide any type of liability insurance. With robust insurance from your credit card, however, you can decline the CDW and feel confident that you are covered. These policies can cost anywhere from under $10 to over $30 per day, depending on the agency and level of coverage provided. Using a clever tactic, rental companies frequently offer cheap sticker prices for their cars, since they can often make a pretty penny selling CDWs. The CDW provides coverage for damage done to the car if there is an accident or theft during the rental and may also cover towing charges related to any covered damage. Finally, the terms usually require the renter to decline the car rental agency’s Collision Damage Waiver (CDW). The cardholder also must be the primary renter, though other drivers will also be covered provided they are on the rental contract. Firstly-and perhaps most importantly-the renter must pay for the car with the credit card that offers the protection. Before diving into the differences between primary and secondary coverage, let’s take a brief look at rental car insurance in general. ![]()
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