Bank Of America Travel Rewards Visa Rental Car Insurance
If you're a frequent traveler, you know how important it is to have a reliable rental car insurance policy. If you're a Bank of America Travel Rewards Visa cardholder, you can take advantage of some great benefits when you rent a car. In this article, we'll go in-depth about Bank of America Travel Rewards Visa rental car insurance coverage, so you can make an informed decision the next time you're renting a car.
What is Bank of America Travel Rewards Visa Rental Car Insurance?
The Bank of America Travel Rewards Visa rental car insurance is a benefit that's automatically included with your Bank of America Travel Rewards Visa credit card. This insurance covers you when you rent a car and it can save you a lot of money in case of damages or theft that may occur during the rental period.
What Does the Bank of America Travel Rewards Visa Rental Car Insurance Cover?
The Bank of America Travel Rewards Visa rental car insurance covers you for physical damage and theft of most rental vehicles in the United States and abroad. This includes damage caused by collision, vandalism, fire, or theft.
However, there are some limitations and exclusions that you need to be aware of. The Bank of America Travel Rewards Visa rental car insurance policy does not cover:
- Antique cars
- Luxury cars
- Cars rented for more than 15 consecutive days in your home country or 31 consecutive days outside of your home country
- Cars rented in certain countries, such as Ireland, Israel, Italy, Jamaica, and New Zealand, among others
How to Activate the Bank of America Travel Rewards Visa Rental Car Insurance?
Activating the Bank of America Travel Rewards Visa rental car insurance is very simple. All you need to do is decline the rental company's collision damage waiver or loss damage waiver and make sure to use your Bank of America Travel Rewards Visa credit card for the rental transaction.
It's important to note that the Bank of America Travel Rewards Visa rental car insurance is secondary coverage, which means that it only kicks in after your personal auto insurance policy and any other insurance policy that covers the rental car.
What Are the Benefits of Bank of America Travel Rewards Visa Rental Car Insurance?
One of the biggest benefits of the Bank of America Travel Rewards Visa rental car insurance is that it's free. You don't need to pay any extra fees or subscriptions to take advantage of this benefit.
Additionally, you can save a lot of money on rental car insurance coverage. Rental companies typically charge around $20-$40 per day for collision damage or loss damage waivers, which can add up to a lot of money if you're renting a car for a week or more. With the Bank of America Travel Rewards Visa rental car insurance, you can decline these expensive add-ons and still have coverage.
Conclusion
If you're a Bank of America Travel Rewards Visa cardholder, you can take advantage of some great benefits when you rent a car. The Bank of America Travel Rewards Visa rental car insurance is a great way to save money and gain peace of mind when you're traveling. Just remember to decline the rental company's collision damage waiver or loss damage waiver, and make sure to use your Bank of America Travel Rewards Visa credit card for the rental transaction.
