Does Scotiabank Visa Cover Rental Car Insurance?

Introduction

Renting a car is a great way to explore your destination while on vacation or business trips. But before you hit the road, you should make sure that you are adequately protected in case of an accident. One of the most common ways to insure yourself is to get rental car insurance from your credit card provider. But does Scotiabank Visa cover rental car insurance?

Scotiabank Visa Insurance

Scotiabank offers a wide range of Visa credit cards with varying levels of insurance coverage. The most comprehensive of these is the Scotiabank Visa Infinite Card, which offers up to $1 million in travel accident insurance and up to $85,000 in rental car insurance. This coverage is available to both primary and supplementary cardholders. You can also get rental car insurance with the Scotiabank Gold American Express Card, which offers up to $75,000 in rental car insurance.

What Does The Insurance Cover?

The rental car insurance offered by Scotiabank covers the cost of repairs or replacement of a rental car if it is damaged in an accident or stolen while in your possession. The coverage also includes liability protection in case you are held responsible for any damage or injury caused by your rental car. The insurance also covers additional charges such as towing and loss of use fees. However, it does not cover any personal belongings that may be in the car at the time of the accident.

What Are The Requirements?

In order to be eligible for the rental car insurance offered by Scotiabank Visa, you must pay for the entire rental using your Scotiabank Visa card and decline the rental car company’s insurance. You must also use the rental car for personal or business use and not for any illegal activities. The rental car must also be in your possession for less than 48 consecutive days.

What Else Should You Know?

It is important to note that the rental car insurance offered by Scotiabank Visa only covers rentals in Canada and the United States. It also does not cover any damage or injury caused by an uninsured driver. You may also be responsible for a deductible when making a claim. Lastly, you should always make sure to check the terms and conditions of your rental car agreement before signing.

Conclusion

Scotiabank offers a wide range of Visa credit cards with varying levels of insurance coverage that can be used to cover rental car insurance. The most comprehensive coverage is offered by the Scotiabank Visa Infinite Card, which offers up to $85,000 in rental car insurance. This coverage is available to both primary and supplementary cardholders. However, there are certain requirements that must be met in order to be eligible for the coverage, and it does not cover any damage or injury caused by an uninsured driver. It is always important to read the terms and conditions of your rental car agreement before signing.