Rental Car Accident Insurance

Credit Card, Personal Auto Policies May Not Cover All Losses

© George Daleiden

Personal auto or credit card insurance policies sometimes pay rental car claims. Know what they do and don't insure before declining a car renter's CDW or LDW coverage.

Many renters decline the collision and loss damage waivers offered by car rental firms and assume that coverage afforded by their credit card policies will protect them. But that can be risky.

Credit Card Rental Car Insurance

Personal Auto Policy Rental Insurance

Declining the rental firm’s CDW or LDW can sometimes have an unintended consequence. Upon learning of an accident or loss, a rental firm may immediately charge its customer’s credit card for the full value of a loss, up to the card credit limit. Be aware that when relying on coverage not sold by the car rental firm, settlement of a loss or damage claim may linger, and the account might be temporarily maxed out until the matter is resolved. Carry a backup card in case an accident or loss occurs far from home.


The copyright of the article Rental Car Accident Insurance in Automotive Insurance is owned by George Daleiden. Permission to republish Rental Car Accident Insurance must be granted by the author in writing.




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