Bank Of America Travel Rewards Benefits Rental Car Insurance
Do you frequently rent cars for travel or business? If so, you may want to consider the Bank of America Travel Rewards credit card. This card offers a great benefit that provides rental car insurance coverage. This is a desirable feature for many people because it can provide peace of mind during your travels.
What is Bank of America Travel Rewards?
Bank of America Travel Rewards is a credit card that is exclusively designed to provide benefits for travelers. The card offers a variety of benefits such as points per purchase, travel rewards, and rental car insurance coverage. The rental car insurance benefit is one of the most attractive features of this card, as it provides cardholders with the insurance they need when traveling.
How does the rental car insurance benefit work?
When you rent a car using your Bank of America Travel Rewards credit card, you will automatically receive rental car insurance coverage. This coverage is offered through Visa and provides cardholders with protection against damage or theft of the rental car.
The coverage provided by Bank of America Travel Rewards is secondary to any other insurance you may have, such as your personal car insurance or the insurance offered by the car rental company. This means that if you get into an accident or your rental car is stolen, you must first file a claim with your personal insurance or the rental car company’s insurance. If the claim is denied or doesn't cover the full amount, then you can file a claim with Visa to cover the remaining amount.
What is covered by Bank of America Travel Rewards rental car insurance?
The rental car insurance provided by Bank of America Travel Rewards offers coverage for physical damage and theft of the rental car. This includes the cost of repairs if the car is damaged and the cost to replace the car if it is stolen. The coverage is offered up to the cash value of the rental car and is subject to a deductible.
It's important to note that the rental car insurance provided by Bank of America Travel Rewards does not cover liability insurance. Liability insurance covers damages that you may cause to someone else's car or property. Most rental car companies require that you purchase liability insurance when you rent a car, so it's important to make sure that you have this coverage before you drive off the lot.
What are the benefits of Bank of America Travel Rewards rental car insurance?
The rental car insurance benefit provided by Bank of America Travel Rewards offers several benefits for cardholders. First and foremost, it provides peace of mind while you’re traveling. You don't have to worry about the cost of repairs or replacements if your rental car is damaged or stolen.
Another benefit of this coverage is that it can save you money. Most rental car companies charge a daily fee for insurance coverage, which can add up quickly. By using your Bank of America Travel Rewards credit card to rent a car, you can save money on insurance fees.
Lastly, the rental car insurance benefit provided by Bank of America Travel Rewards is easy to use. There's no need to sign up for anything or purchase additional insurance. Simply use your card to rent a car and you'll automatically receive the coverage.
Conclusion
If you're a frequent traveler who rents cars often, the Bank of America Travel Rewards credit card may be the perfect option for you. With the rental car insurance benefit, you can enjoy peace of mind while traveling and save money on insurance fees. It's important to remember that the coverage provided by the card is secondary to any other insurance you may have, so make sure you have the necessary coverage before you rent a car.