Moreover beneficiant rewards, the very best bank cards provide a number of invaluable perks to profit cardholders. One among these perks is rental automotive insurance coverage, which helps defend you if you use your bank card to hire a automotive. A number of card issuers, together with American Categorical, present a rental automotive insurance coverage profit.
In case you’re an Amex cardholder, right here’s what to find out about its rental automotive insurance coverage, the way it protects you, and find out how to file a declare.
What’s the American Categorical rental automotive insurance coverage coverage?
American Categorical offers secondary rental automotive protection as a complimentary profit with a lot of its bank cards. This protection serves as a backup to your main insurance coverage protection if you use your card to hire a automotive and decline the rental automotive firm’s collision harm waiver (CDW).
“Usually, your private auto insurance coverage would must be utilized first earlier than submitting a declare with the insurance coverage supplied by your bank card,” says Kim Chambers, Product Supervisor, Credit score Playing cards for Georgia’s Personal Credit score Union. “The most important good thing about secondary protection is it usually covers the deductible in your main insurance coverage.”
Your bank card rental automotive insurance coverage also can assist cowl the hole if one other driver hits your rental automotive and the price of the repairs exceeds your main insurance coverage coverage’s limits. Sure premium Amex playing cards, just like the The Platinum Card® from American Categorical, present extra insurance coverage protection past protection for harm or theft.
Along with the secondary protection profit with a lot of its playing cards, Amex gives elective premium rental automotive protection for a flat fee. This protection additionally protects your rental if it’s broken or stolen, nevertheless it serves as main as an alternative of secondary protection. This implies you’d file a declare with Amex for harm or theft earlier than contacting your private insurance coverage. Whereas Amex’s premium protection comes at a price, you gained’t pay a deductible earlier than it kicks in.
What is roofed?
The complimentary protection advantages you obtain as an Amex cardholder will fluctuate relying in your card. Most playing cards provide safety towards theft or harm, although some could present extra protection, comparable to unintentional damage or unintentional demise and dismemberment insurance coverage.
Moreover defending your rental automotive if it’s broken or stolen, premium rental automotive protection from American Categorical offers these extra protections for drivers and passengers.
- Secondary medical protection
- Secondary private property protection
- Unintended demise and dismemberment protection
“There are limitations to concentrate on with bank card rental automotive insurance coverage,” warns Stuart Winchester, founder and CEO of digital insurance coverage pockets Marble. “The quantity of protection will not be enough, and also you won’t be lined in all places you journey. It’s essential to learn the wonderful print to grasp potential exclusions.”
Observe that neither the usual rental automotive insurance coverage nor the premium insurance coverage offers legal responsibility protection, which protects you if one other driver or their passengers are injured or one other car is broken as a consequence of an accident you trigger.
Who does the coverage cowl?
Protection varies barely by card, nevertheless it applies to the next drivers most often. Sure playing cards, just like the The Platinum Card® from American Categorical, additionally provide protections for passengers.
- Cardholder
- The cardholder’s partner or accomplice
- Licensed drivers on the rental contract
Amex rental automotive insurance coverage pricing
As talked about, American Categorical gives complimentary rental automotive insurance coverage with a lot of its playing cards. You gained’t pay something out of pocket for this secondary protection. However in case you go for its premium automotive rental protection, you’ll pay a flat fee of $12.25 to $24.95 per rental interval, relying in your protection stage.
Amex rental automotive insurance coverage protection ranges
- Complimentary protection: As much as $50,000 or $75,000 for theft or harm, relying on the cardboard. Sure playing cards additionally present extra unintentional demise and dismemberment, unintentional damage, and automotive rental private property protection.
- Premium protection: As much as $100,000 for theft, harm, unintentional demise and dismemberment protection; as much as $15,000 for secondary medical bills; and as much as $5,000 in secondary private property protection.
Which Amex playing cards embrace automotive rental insurance coverage?
Over 60 American Categorical playing cards embrace automotive rental insurance coverage, however protection quantities fluctuate by card. For instance, the The Platinum Card® from American Categorical gives as much as $75,000 in protection for harm or theft of a rental automotive. By comparability, the American Categorical® Inexperienced Card has $50,000 price of theft and harm protection.
To view charges and charges of The Platinum Card® from American Categorical, see this web page.
To view charges and charges of Marriott Bonvoy Good® American Categorical® Card , see this web page.
To view charges and charges of American Categorical® Gold Card, see this web page.
To view charges and charges of Blue Money On a regular basis® Card, see this web page.
How do I file a declare?
Amex playing cards include secondary rental automotive insurance coverage, which means you have to first file a declare along with your private insurance coverage firm in case your rental automotive is broken or stolen. That stated, main protection is on the market for an added price with Amex premium rental automotive insurance coverage.
You’ll be able to file a declare with American Categorical after a qualifying incident on-line or by calling 1-800-338-1670. Be ready to supply copies of the next as a part of the method:
- Rental settlement
- Police experiences
- Insurance coverage protection data
- Related restore payments or receipts
Amex typically takes about 45 days to course of claims, and you’ll test in your declare’s standing anytime on-line or by calling (800) 338-1670.
The takeaway
Amex has two rental automotive insurance coverage choices for cardholders: secondary protection, a free perk with a lot of its playing cards, and elective main protection obtainable for a price. The secondary protection advantages will fluctuate relying in your card, with premium playing cards just like the Platinum Card® from American Categorical providing extra complete protection.
However each its secondary and first rental automotive protection present invaluable safety. The secondary protection obtainable to cardholders can reimburse you for the deductible in your main insurance coverage, in addition to any prices exceeding your private coverage limits. In case you go for its main protection for a price, you’ll stand up to $100,000 in theft and harm insurance coverage, plus different coverages for added safety.
Please notice that card particulars are correct as of the publish date, however are topic to alter at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.
Phrases apply to American Categorical advantages and gives. Enrollment could also be required for choose American Categorical advantages and gives. Go to americanexpress.com to be taught extra.
Eligibility and Profit stage varies by Card. Phrases, Situations, and Limitations Apply. Please go to americanexpress.com/benefitsguide for extra particulars. Underwritten by Amex Assurance Firm.
