Bank Of America Travel Rewards Rental Car Coverage
If you are a frequent traveler, you know that rental car coverage can be something of a headache. Trying to determine which insurance policy to purchase can be overwhelming, and the costs can add up quickly. Fortunately, Bank of America offers travel rewards rental car coverage that can help ease some of the stress associated with renting a car.
How Does Bank of America's Travel Rewards Rental Car Coverage Work?
Bank of America's travel rewards rental car coverage is a benefit that comes with certain Bank of America credit cards. To take advantage of this benefit, you must use your Bank of America credit card to reserve and pay for your rental car. If you do this, you will automatically be covered for damage to or theft of the rental car.
It is important to note that Bank of America's travel rewards rental car coverage is secondary coverage, which means that it kicks in only after your primary insurance policy pays out. This means that you will need to have your own primary insurance policy in place before the Bank of America coverage will take effect.
What Does Bank of America's Travel Rewards Rental Car Coverage Cover?
Bank of America's travel rewards rental car coverage covers damage to or theft of the rental car, up to the actual cash value of the car. This means that if the rental car is damaged or stolen while you are using it, Bank of America will pay the cost of repairs or replacement (up to the actual cash value of the car).
It is important to note that Bank of America's travel rewards rental car coverage does not cover liability, personal injury, or personal property. This means that if you cause an accident while driving the rental car, you will be responsible for any damage that is caused to other people or property. Similarly, if your personal belongings are stolen from the rental car, Bank of America's coverage will not apply.
How to Take Advantage of Bank of America's Travel Rewards Rental Car Coverage
If you have a Bank of America credit card that comes with travel rewards rental car coverage, taking advantage of this benefit is simple. All you need to do is use your Bank of America credit card to reserve and pay for your rental car.
Before you do this, however, it is important to make sure that you have your own primary insurance policy in place. This can be a personal auto insurance policy, a policy that you purchase through the rental car company, or a policy that you purchase separately.
Once you have your primary insurance policy in place, you can use your Bank of America credit card to reserve and pay for your rental car. If the rental car is damaged or stolen while you are using it, you can file a claim with Bank of America to have the cost of repairs or replacement covered.
Conclusion
If you are a frequent traveler who rents cars often, Bank of America's travel rewards rental car coverage can be a valuable benefit to have. By using your Bank of America credit card to pay for your rental car and making sure you have a primary insurance policy in place, you can rest easy knowing that you are covered in case of an accident or theft.
While Bank of America's travel rewards rental car coverage does not cover liability, personal injury, or personal property, it can help you save money on rental car insurance and provide some peace of mind while you are on the road.