Bank Of America Travel Rewards Card Auto Rental Insurance
Bank of America offers a wide variety of credit cards with different perks and benefits. One of their most popular cards is the Bank of America Travel Rewards Credit Card. This card offers a lot of advantages, including auto rental insurance.
What Is Auto Rental Insurance?
Auto rental insurance is a type of insurance that covers you in case of damages or theft to a rental car. This is especially useful when you're traveling and need to rent a car. The cost of rental car insurance can add up quickly, so having this coverage included with a credit card can save you a lot of money.
How Does the Bank of America Travel Rewards Card Auto Rental Insurance Work?
The Bank of America Travel Rewards Credit Card offers auto rental insurance as a benefit. This coverage is secondary to any other insurance you may have. This means that if you get into an accident with a rental car, you'll first need to file a claim with your personal auto insurance company. If your personal insurance doesn't cover the damages or if you don't have personal insurance, the credit card's auto rental insurance will come into play.
The Bank of America Travel Rewards Credit Card's auto rental insurance covers up to the actual cash value of the rental car, as well as any valid loss-of-use charges imposed by the rental company. The coverage is limited to 31 consecutive days and is only valid for rentals that are made in your name and paid for with your credit card.
What Isn't Covered by the Bank of America Travel Rewards Card Auto Rental Insurance?
It's important to note that the Bank of America Travel Rewards Credit Card's auto rental insurance doesn't cover everything. Here are some things that aren't covered:
- Antique cars, trucks, limousines, off-road vehicles, and certain vans
- Expensive or exotic cars (valued at more than $50,000)
- Cars rented in certain countries (like Israel, Jamaica, and Ireland)
- Accidents that occur while violating the rental agreement
- Losses that occur while under the influence of drugs or alcohol
How to Use the Bank of America Travel Rewards Card Auto Rental Insurance
If you need to use the Bank of America Travel Rewards Credit Card's auto rental insurance, you'll need to take the following steps:
- Decline the rental company's collision damage waiver (CDW) or loss damage waiver (LDW).
- Pay for the entire rental with your credit card.
- Make sure that you are listed as the primary renter on the rental contract.
- If an accident occurs, report it to the rental company as soon as possible.
- File a claim with your personal auto insurance company (if applicable).
- Call the Benefit Administrator at 1-800-VISA-911 to start the claims process for the credit card's auto rental insurance.
- Provide all necessary documentation, including the rental agreement, accident report, and any other relevant information.
Conclusion
The Bank of America Travel Rewards Credit Card's auto rental insurance is a helpful benefit that can save you money while you're traveling. However, it's important to know what is and isn't covered before you rent a car. Make sure to follow the steps outlined above if you need to use this coverage.