Bank Of America Visa Travel Rewards Car Rental Insurance
If you're planning a trip and need to rent a car, one of the things you'll want to consider is car rental insurance. Bank of America Visa Travel Rewards cardholders might not have to worry about it since the card provides rental car coverage. This article will discuss everything you need to know about Bank of America Visa Travel Rewards car rental insurance.
What is Bank of America Visa Travel Rewards?
Bank of America Visa Travel Rewards is a rewards credit card that offers a range of benefits for travelers. Cardholders can earn miles for every dollar spent on purchases, and redeem them for travel rewards like airline tickets, hotel stays, and more. The card also provides benefits like travel accident insurance, trip interruption and cancellation coverage, and lost luggage reimbursement.
What is Car Rental Insurance?
Car rental insurance is a type of insurance that provides coverage for rental cars. It can protect you from financial responsibility in case of theft, damage, or other accidents that may occur while you are renting a car. Rental car companies typically offer their own car rental insurance, but it can be expensive.
Does Bank of America Visa Travel Rewards Provide Car Rental Insurance?
Yes, Bank of America Visa Travel Rewards provides car rental insurance. The coverage is secondary, which means that it only kicks in after your primary insurance has been exhausted. If you don't have any other insurance coverage, Bank of America Visa Travel Rewards will act as your primary insurance.
What Does Bank of America Visa Travel Rewards Car Rental Insurance Cover?
Bank of America Visa Travel Rewards car rental insurance provides coverage for physical damage and theft of a rental vehicle. It also offers coverage for reasonable towing charges and loss-of-use charges imposed by the rental car company.
What is Not Covered by Bank of America Visa Travel Rewards Car Rental Insurance?
Bank of America Visa Travel Rewards car rental insurance does not cover personal injury or liability. It also doesn't cover cars rented for more than 15 consecutive days, exotic or luxury cars, or cars rented in certain countries, such as Ireland, Israel, and Jamaica.
How Do You Use Bank of America Visa Travel Rewards Car Rental Insurance?
To use Bank of America Visa Travel Rewards car rental insurance, you must decline the rental company's insurance coverage and pay for the entire rental with your Bank of America Visa Travel Rewards card. If an incident occurs, you will need to file a claim with Bank of America within 45 days of the incident.
What Documents Do You Need to File a Claim?
To file a claim, you will need to provide the following documents:
- Copy of the rental car agreement
- Copy of the accident report or police report
- Copy of the driver's license of the person who rented the car
- Copy of the itemized repair bill or receipt from the rental car company
- Copy of the credit card statement showing the purchase of the rental
Conclusion
Bank of America Visa Travel Rewards cardholders have one less thing to worry about when renting a car. The card provides secondary car rental insurance coverage, which can save you money on expensive rental car insurance offered by rental companies. However, it's important to note that the coverage has limitations and restrictions, so make sure to read the terms and conditions carefully before using it.
