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Bank Of America Travel Card Rental Car Insurance

Car Rental Insurance

Whenever you rent a car, one of the major concerns is whether or not you have adequate insurance coverage. It can be quite confusing to figure out what coverage you need, especially when you’re already on the road and in a hurry. This is where the Bank of America travel card rental car insurance comes in. If you have a Bank of America credit card, it’s crucial to understand the various types of rental car insurance coverage offered by the bank.

What is Bank of America Travel Card Rental Car Insurance?

Bank Of America Travel Card

Bank of America offers travel credit cards that come with car rental insurance coverage. These credit cards provide benefits for travel including trip cancellation/interruption, travel accident insurance, and lost or stolen baggage assistance. Additionally, some of these Bank of America travel cards come with rental car insurance coverage, which is a considerable benefit to cardholders as this kind of insurance coverage usually requires additional payment when renting a vehicle.

Types of Bank of America Travel Card Rental Car Insurance Coverage

Types Of Car Insurance

The following are the types of rental car insurance coverage that Bank of America travel cardholders can expect:

Collison Damage Waiver (CDW) Insurance

Cdw Insurance

If you’re renting a car, collision damage waiver insurance coverage provides protection for the rented car in case of damage due to collision or theft. This means that if you get into an accident or the car gets stolen, you won’t have to pay for the damages. With Bank of America travel card rental car insurance, you can waive the collision damage waiver that is often offered by the rental agency as long as you pay for the rental with your credit card.

Secondary Insurance Coverage

Secondary Insurance Coverage

Bank of America travel card rental car insurance provides secondary insurance coverage, which means that it only kicks in after your primary insurance has been exhausted. If you have comprehensive car insurance or personal auto insurance, this type of coverage can be a great backup plan. Secondary insurance coverage will cover the remaining portion that isn’t covered by your primary insurance.

Liability Insurance

Liability Insurance

Liability insurance provides coverage for damages or injuries inflicted on other people or their property in case of an accident that you caused. Bank of America travel card rental car insurance often comes with liability insurance coverage, which protects you in case of an accident where the liability exceeds the limits of your personal auto insurance policy.

How to Activate Bank of America Travel Card Rental Car Insurance

Activate Bank Of America Travel Card Rental Car Insurance

One thing you should note is that to activate Bank of America travel card rental car insurance, you will have to decline the rental agency’s insurance coverage and pay for the rental using the credit card that provides the rental car coverage. When you make the reservation for your rental car, ensure that your reservation is made in your name and with your Bank of America travel card. Also, keep in mind that certain types of cars may not be covered under the Bank of America travel card rental car insurance.

Conclusion

Bank of America travel card rental car insurance is an excellent benefit to cardholders looking to save on their rental cars. It’s crucial to understand the various types of coverage provided by Bank of America travel cards, including collision damage waiver insurance, secondary insurance coverage, and liability insurance. To activate the insurance coverage, ensure you decline the rental agency’s insurance coverage and pay for your rental with your Bank of America travel card. With the Bank of America travel card rental car insurance, you can have peace of mind knowing that you are protected while driving a rental car.

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