Bank Of America Travel Rewards Credit Card Rental Car Insurance
Are you planning to rent a car for your next vacation or road trip? If so, you may be curious about how to protect yourself from the risks of the road. Bank of America offers a Travel Rewards Credit Card Rental Car Insurance policy that can help you feel more secure when driving a rental car.
What is Bank of America Travel Rewards Credit Card Rental Car Insurance?
Bank of America Travel Rewards Credit Card Rental Car Insurance is an insurance policy that provides coverage for damage to a rental car due to collision or theft. The policy is available to Bank of America Travel Rewards Credit Cardholders and is provided by Visa, the credit card's network provider.
The policy provides coverage for up to the actual cash value of the rental car, up to the limits of the policy. It is important to note that the policy is secondary to your personal auto insurance and any other source of coverage you may have.
How Does Bank of America Travel Rewards Credit Card Rental Car Insurance Work?
If you are a Bank of America Travel Rewards Credit Cardholder and you rent a car using your card, you will be automatically enrolled in the Rental Car Insurance policy. To be eligible for coverage, you must decline the rental car company's collision damage waiver (CDW) or loss damage waiver (LDW) and pay the entire rental fee with your Bank of America Travel Rewards Credit Card.
If you are involved in an accident or the rental car is stolen, you should file a claim as soon as possible. You will need to provide documentation, such as the rental agreement, police report, and repair estimates, to support your claim.
What Does Bank of America Travel Rewards Credit Card Rental Car Insurance Cover?
Bank of America Travel Rewards Credit Card Rental Car Insurance provides coverage for physical damage to a rental car due to collision or theft. The policy covers the actual cash value of the car up to the policy limits.
The policy does not cover bodily injury, property damage, or personal liability. It also does not cover damage to any other vehicle, property, or person involved in the accident.
What are the Policy Limits for Bank of America Travel Rewards Credit Card Rental Car Insurance?
Bank of America Travel Rewards Credit Card Rental Car Insurance provides coverage for up to the actual cash value of the rental car, up to the policy limits. The policy limits vary depending on the state in which you reside and the type of rental car you are driving.
It is important to review the policy details and understand the specific limits that apply to your situation before renting a car.
What are the Benefits of Bank of America Travel Rewards Credit Card Rental Car Insurance?
Bank of America Travel Rewards Credit Card Rental Car Insurance provides several benefits, including:
- Peace of mind when renting a car
- Primary coverage for damage to a rental car (if you decline the rental car company's CDW or LDW)
- Automatic enrollment in the policy when you rent a car with your Bank of America Travel Rewards Credit Card
- Coverage for the actual cash value of the rental car, up to the policy limits
It is important to note that the policy is secondary to your personal auto insurance and any other source of coverage you may have.
Conclusion
Bank of America Travel Rewards Credit Card Rental Car Insurance provides coverage for damage to a rental car due to collision or theft. The policy is available to Bank of America Travel Rewards Credit Cardholders and is provided by Visa, the credit card's network provider. The policy is secondary to your personal auto insurance and any other source of coverage you may have. It is important to understand the specific policy limits that apply to your situation before renting a car.