Are you getting ready to hit the open road? Before you leave, make sure you know what your Amex credit card rental car insurance covers. Understanding your coverage can save you time, money, and headaches in case of an accident or theft while on the road. In this post, we’ll break down everything you need to know about Amex credit card rental car insurance coverage so that you can travel with confidence and peace of mind.
What Amex Credit Card Rental Car Insurance Covers
If you rent a car from an American Express credit card, you may be covered by their rental car insurance. Amex covers rentals up to $50,000 per occurrence, with a $1 million liability limit. In addition, they offer additional collision and theft coverage. While it’s not as comprehensive as some other rental car insurers, it’s definitely worth checking out if you’re planning on renting a car from an American Express credit card.
What Amex Credit Card Rental Car Insurance Does Not Cover
If you’re a cardmember of American Express, your rental car insurance policy likely doesn’t cover personal liability, collision, or comprehensive. Car rental companies typically offer their own additional coverage, which may include Trip Interruption and Collision Damage Waiver (CDW) benefits.
Some credit cards may also offer supplemental insurance policies that provide additional protection for loss or damage to the rental car. These policies may include accidental death and dismemberment coverage, loss-of-use coverage, uninsured motorist coverage, and more. It’s important to read the policy details carefully before renting a car so you know what is and isn’t covered.
How Much Amex Credit Card Rental Car Insurance Cost
Amex credit card rental car insurance can provide protection in the event of a car accident, loss or theft. Coverage may include: damages to the rental car, medical expenses, and pre-existing conditions. In most cases, the amount of coverage depends on your Amex credit card account status and number of rentals booked through that account over a certain period of time.
Some exclusions may apply, such as if you are uninsured or do not have collision or comprehensive insurance on the vehicle. You should also read your policy document carefully to understand all its terms and conditions.
Bottom line: If you are renting a car with an Amex credit card, be sure to inquire about rental car insurance coverage in advance. There may be benefits to taking advantage of this feature!
Conclusion
If you’re ever in a car accident and the other driver doesn’t have insurance, your Amex Credit Card Rental Car Insurance Coverage may help cover some of the damages. Amex covers losses up to $50,000 per person and $100,000 per incident for rental cars. You’ll still be responsible for any damages above that amount. Make sure you know what this policy covers before renting a car!
