Bank Of America Travel Rewards Car Rental Insurance
If you're a frequent traveler, having a good car rental insurance policy can save you a significant amount of money in case of an accident or damage to the rental car. Fortunately, Bank of America offers a credit card with a travel rewards program that includes car rental insurance. In this article, we'll explore everything you need to know about Bank of America Travel Rewards Car Rental Insurance.
What is Bank of America Travel Rewards Car Rental Insurance?
Bank of America Travel Rewards Car Rental Insurance is a benefit that comes with the Bank of America Travel Rewards Credit Card. It provides coverage for damage or theft of a rental car, as well as liability coverage for any injuries or damage you might cause to other people or property while driving the rental car.
If you rent a car using your Bank of America Travel Rewards Credit Card, the insurance will be activated automatically as long as you decline the rental company's collision damage waiver (CDW) or loss damage waiver (LDW).
What Does Bank of America Travel Rewards Car Rental Insurance Cover?
Bank of America Travel Rewards Car Rental Insurance covers the following:
- Physical damage to the rental car
- Theft of the rental car
- Loss of use charges assessed by the rental company while the car is being repaired
- Towing charges
- Reasonable and customary charges for the necessary repairs to the rental car
- Liability coverage for injuries or damage you might cause to other people or property while driving the rental car (up to the policy limits)
Note that Bank of America Travel Rewards Car Rental Insurance does not cover the following:
- Expenses related to personal injury or loss of personal property
- Expenses related to third-party injury or property damage that exceeds the policy limits
- Any expenses related to incidents that occur outside of the rental period
How to Activate Bank of America Travel Rewards Car Rental Insurance
To activate Bank of America Travel Rewards Car Rental Insurance, you need to do the following:
- Make sure you have a Bank of America Travel Rewards Credit Card
- Use the card to pay for the entire rental transaction
- Decline the rental company's CDW or LDW
If you meet these requirements, Bank of America Travel Rewards Car Rental Insurance will be activated automatically. You do not need to notify Bank of America or file a claim in advance.
What to Do in Case of an Accident or Damage to the Rental Car
If you get into an accident or damage the rental car, you need to take the following steps:
- Call the police and file a report, if necessary
- Notify the rental company immediately and follow their procedures for reporting the incident
- Take photos of the damage and gather any other evidence that might be useful
- Call the Bank of America Travel Benefits Department at 1-800-VISA-911 to report the incident and initiate the claim process
Bank of America will provide you with a claim form that you need to fill out and submit along with any supporting documentation. The claim will be reviewed and processed by Bank of America's insurance provider, and you will be notified of the outcome.
Final Thoughts
Bank of America Travel Rewards Car Rental Insurance is a valuable benefit for frequent travelers who want to save money on car rental insurance. Remember to use your Bank of America Travel Rewards Credit Card to pay for the rental transaction and decline the rental company's CDW or LDW to activate the insurance. If you get into an accident or damage the rental car, follow the steps outlined above to file a claim and get reimbursed for any eligible expenses.
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