Many car renters believe that they are automatically covered for loss and damage to their rental car. It is very important to look into this before you make the decision to decline the optional loss damage waivers sold by rental car companies.
Some credit cards will cover damage or theft to your rental car, but you are not covered just by being a cardholder; you must use the card to rent and pay for the vehicle.
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Some credit card coverage plans cover accidents only if the cardholder is driving, not the cardholder's spouse or an additional driver.
While your credit card coverage may replace the need for CDW (Collision Damage Waiver) and/or LDW (Loss Damage Waiver) offered at the car rental counter, check with your card issuer to see what kind of vehicles are covered. Coverage can vary from card to card, and it can also vary based on the issuing bank or credit company that issues the card as well.
Check to see if the coverage is primary or secondary. For some companies, its' coverage becomes primary only if you don't have any personal collision insurance of your own.
Most card issuers do not provide coverages for more expensive rentals, so it is necessary to call them to see which rental vehicles they cover. Usually they provide coverage for cars and exclude more expensive rentals such as sport utility vehicles (SUV's), luxury cars, exotic cars and vans. Coverages may also not extend to long-term rentals or rentals in other countries.
Does a Credit Card Cover Rental Car Insurance?
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