When it comes to renting a car, one of the biggest concerns is insurance coverage. Many credit cards offer rental car insurance as a benefit, but does Visa Signature have rental car insurance? The answer is yes, Visa Signature does offer rental car insurance, but the coverage can vary depending on the issuing bank and the specific card.
What is Visa Signature?
Visa Signature is a premium credit card program offered by Visa. The program offers a range of benefits and perks, including travel benefits, shopping discounts, and entertainment offers. Some of the benefits of Visa Signature cards include extended warranty protection, purchase protection, and travel accident insurance.
But one of the most popular benefits of Visa Signature cards is rental car insurance. This benefit can save you money and provide peace of mind when renting a car for business or leisure travel.
How Does Rental Car Insurance Work with Visa Signature?
Visa Signature rental car insurance is designed to cover the costs of damage or theft to a rental car. The coverage is secondary to your personal insurance policy, meaning it only kicks in after your personal insurance coverage has been exhausted.
Visa Signature rental car insurance typically covers the rental car for up to 31 consecutive days. The coverage amount can vary depending on the issuing bank and the specific card, but it can range from $50,000 to $500,000.
What Does Visa Signature Rental Car Insurance Cover?
Visa Signature rental car insurance typically covers the following:
- Damage to the rental car due to collision, theft, vandalism, or natural disaster
- Towing charges and loss-of-use fees
- Reasonable and customary charges for necessary repairs or replacement of the rental car
- Administrative fees, such as those charged by the rental car company for processing the claim
It’s important to note that Visa Signature rental car insurance does not cover the following:
- Personal injury or liability
- Damage to other vehicles or property
- Loss of personal belongings
How to Use Visa Signature Rental Car Insurance
In order to use Visa Signature rental car insurance, you must decline the collision damage waiver (CDW) or loss damage waiver (LDW) offered by the rental car company. If you accept the rental car company’s insurance, the Visa Signature rental car insurance will not apply.
When you rent a car, make sure to use your Visa Signature card to pay for the rental. This will activate the rental car insurance benefit. If you need to file a claim, contact the benefits administrator for your Visa Signature card within 45 days of the incident.
Conclusion
Visa Signature does offer rental car insurance as a benefit, but the coverage can vary depending on the issuing bank and the specific card. If you’re planning to rent a car, it’s a good idea to check with your issuing bank to find out the details of your coverage. And remember, in order to use Visa Signature rental car insurance, you must decline the rental car company’s CDW or LDW.
