Cibc Dividend Platinum Car Rental Insurance: All You Need to Know

Understanding Cibc Dividend Platinum Car Rental Insurance

Cibc Dividend Platinum Car Rental Insurance provides its members with a range of benefits and coverage for car rental. It is designed to cover the cost of rental vehicles, as well as the cost of any damage or theft that may occur during the rental period. The insurance is provided by the Canadian Imperial Bank of Commerce (CIBC). The policy provides coverage for both domestic and international car rentals and can be used in conjunction with other CIBC products such as the CIBC Dividend Visa Infinite Card, CIBC Dividend World Elite MasterCard, and CIBC Dividend Platinum Visa Card.

Benefits of Cibc Dividend Platinum Car Rental Insurance

The Cibc Dividend Platinum Car Rental Insurance policy provides its members with a wide range of benefits. Members of the CIBC Dividend Platinum Car Rental Insurance policy are eligible for coverage of up to $85,000 for damage or theft of rental vehicles. In addition, the policy provides coverage for rental vehicles in the event of an accident or emergency medical expenses. Furthermore, members are eligible for up to $1 million in emergency medical coverage for themselves and their families, as well as up to $2 million in liability coverage. The policy also provides coverage for towing expenses if the rental vehicle is damaged, as well as coverage for lost or stolen items. Finally, the policy provides coverage for legal expenses in the event of an accident or theft.

Eligibility for Cibc Dividend Platinum Car Rental Insurance

To be eligible for the Cibc Dividend Platinum Car Rental Insurance policy, members must be a CIBC Dividend cardholder. In addition, the rental vehicle must be rented from a participating rental car company and must be used for personal travel. Members must also pay the full rental cost using their CIBC Dividend card. Finally, the rental vehicle must be returned on time and in good condition.

Cost of Cibc Dividend Platinum Car Rental Insurance

The cost of the Cibc Dividend Platinum Car Rental Insurance policy is included in the annual fee for the CIBC Dividend card. This fee varies depending on the type of CIBC Dividend card that the member has. For example, the annual fee for the CIBC Dividend Visa Infinite Card is $99 while the annual fee for the CIBC Dividend World Elite MasterCard is $149. Additionally, the policy does not have any additional fees or charges associated with it.

Making a Claim with Cibc Dividend Platinum Car Rental Insurance

If members of the Cibc Dividend Platinum Car Rental Insurance policy need to make a claim, they must contact the CIBC's customer service department. In order to make a claim, members must provide the necessary information, including the date and time of the rental, the rental car company, and the rental agreement. Additionally, members must provide proof of payment for the rental vehicle, as well as a copy of the rental agreement and any other relevant documentation. Once the claim is submitted, the CIBC will review the claim and determine if the member is eligible for coverage.

Conclusion

The Cibc Dividend Platinum Car Rental Insurance policy provides its members with a wide range of benefits and coverage. It is designed to cover the cost of rental vehicles, as well as the cost of any damage or theft that may occur during the rental period. The policy is included in the annual fee for the CIBC Dividend card. Additionally, the policy does not have any additional fees or charges associated with it. If members of the policy need to make a claim, they must contact the CIBC's customer service department.