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If you’re traveling and need to rent a car, you may wonder about insurance coverage. Bank of America offers a travel rewards credit card that comes with rental car insurance. This insurance can help protect you if you’re in an accident or the rental car is stolen. Here’s what you need to know about Bank of America’s travel rewards rental car insurance.
What is Bank of America Travel Rewards Rental Car Insurance?
Bank of America’s travel rewards rental car insurance is a benefit that comes with their travel rewards credit card. It provides coverage for physical damage and theft of a rental car when you use your card to pay for the rental. The insurance is secondary, which means it kicks in after your primary insurance. You’ll still need to have personal auto insurance or purchase the rental car company’s insurance.
What is Covered by Bank of America Travel Rewards Rental Car Insurance?
Bank of America’s travel rewards rental car insurance covers physical damage and theft of a rental car. This includes damage to the car’s body, as well as its mechanical and electrical components. It also covers loss of use charges while the rental car is being repaired or replaced. The insurance does not cover liability, injury or damage to other vehicles or property, or any personal items that are stolen from the rental car.
How to Use Bank of America Travel Rewards Rental Car Insurance
To use Bank of America’s travel rewards rental car insurance, you must decline the rental car company’s insurance and pay for the rental using your Bank of America travel rewards credit card. If you’re in an accident or the rental car is stolen, you must report the incident to the rental car company and your personal auto insurance company (if you have one) first. Then, you can file a claim with Bank of America. You’ll need to provide documentation of the incident, such as a police report or accident report from the rental car company.
Benefits of Bank of America Travel Rewards Rental Car Insurance
Bank of America’s travel rewards rental car insurance can save you money on the cost of rental car insurance from the rental car company. It also provides additional coverage in case of an accident or theft. With this insurance, you can travel with peace of mind knowing that you’re covered. Plus, you’ll earn rewards points for using your Bank of America travel rewards credit card to pay for the rental.
Conclusion
If you’re planning to rent a car for your next trip, consider using Bank of America’s travel rewards credit card and taking advantage of their rental car insurance. It can save you money and provide additional coverage in case of an accident or theft. Just remember to decline the rental car company’s insurance and pay for the rental using your Bank of America travel rewards credit card to be eligible for the insurance.
| Pros | Cons |
|---|---|
| – Provides additional coverage – Saves money on rental car insurance – Earns rewards points |
– Secondary insurance – Does not cover liability, injury, or damage to other vehicles or property – Does not cover personal items stolen from the rental car |
Q: Does Bank of America’s travel rewards rental car insurance cover liability?
A: No, it only covers physical damage and theft of the rental car.
Q: Can I use Bank of America’s travel rewards rental car insurance if I don’t have personal auto insurance?
A: No, you still need to have personal auto insurance or purchase the rental car company’s insurance.
Q: Is Bank of America’s travel rewards rental car insurance primary or secondary?
A: It is secondary insurance, which means it kicks in after your primary insurance.