The Benefits of RBC Visa Gold Car Rental Insurance

Having the right car rental insurance is essential for anyone who is planning a road trip or renting a car for any reason. For those who have an RBC Visa Gold card, there is the added benefit of car rental insurance coverage that comes with it. The coverage offers many advantages and can help to save money and provide peace of mind when renting a car.

What Does RBC Visa Gold Car Rental Insurance Cover?

RBC Visa Gold car rental insurance covers the rental car against theft or damage. It also covers the cost of any additional drivers that are listed on the rental agreement. This coverage applies to most vehicles, including full-size and mid-size cars, minivans, SUVs, and certain luxury vehicles. This coverage is secondary to any other coverage offered by the rental company and will not cover any liability issues that may arise during the rental period.

How Does It Work?

To be eligible for RBC Visa Gold car rental insurance, the cardholder must rent the car using their RBC Visa Gold card. Additionally, the cardholder must decline the rental company’s collision damage waiver (CDW) and complete the rental agreement. The insurance coverage is valid only when the rental period is 31 days or less. It is important to note that the rental car must be returned in the same condition as it was when it was rented.

What Are the Benefits?

RBC Visa Gold car rental insurance offers several benefits. For starters, it is free of charge. There is no need to purchase additional coverage from the rental company, as the insurance coverage is automatically included with the card. Additionally, the coverage is secondary, meaning that it will cover the deductible and any other costs that are not covered by the primary insurance. This can be a great financial benefit for those who are renting a car for a long period of time or for those who are renting an expensive vehicle.

Is There an Excess?

Yes, there is an excess associated with the RBC Visa Gold car rental insurance. The excess is the amount that the cardholder is responsible for paying in the event of a claim. The amount varies by country and rental company, but is typically in the range of €75-150. This is a relatively small amount and can be easily offset by the cost savings associated with not having to purchase additional coverage from the rental company.

Final Thoughts

For those who have an RBC Visa Gold card, the car rental insurance coverage can provide a great benefit. Not only is the coverage free of charge, but it can also help to save money and provide peace of mind when renting a car. It is important to keep in mind, however, that the coverage is secondary and does not provide any liability coverage. Additionally, there is an excess associated with the coverage, so it is important to make sure that you are aware of the amount before renting a car.