Scotiabank American Express Gold Card Car Rental Insurance

What is the Scotiabank American Express Gold Card?

The Scotiabank American Express Gold Card is a popular credit card in Canada. It offers great rewards and benefits, including free car rental insurance and a low annual fee. The card also has an unlimited 2% cashback on eligible purchases, which can be redeemed for travel, merchandise, or gift cards. With a generous sign-up bonus and no foreign transaction fees, it's easy to see why the card is so popular.

What Does the Car Rental Insurance Cover?

The Scotiabank American Express Gold Card car rental insurance covers physical damage and theft of the rented vehicle. This includes damage to the vehicle itself, as well as any personal items that may have been in the vehicle at the time of the incident. The insurance also provides coverage for towing and loss of use fees, as well as liability coverage for any third-party claims resulting from the incident. The insurance does not cover personal property, such as cell phones, jewelry, or clothing.

How Do You Activate the Insurance?

The Scotiabank American Express Gold Card car rental insurance is automatically activated when you use your card to pay for the rental. The card must be used in full for the entire rental period in order for the insurance to be valid. If you use another form of payment, such as cash or a debit card, then the insurance will not apply.

What is the Coverage Limit?

The coverage limit for the Scotiabank American Express Gold Card car rental insurance is up to $65,000. This includes coverage for physical damage and theft of the rental vehicle, as well as liability coverage for any third-party claims resulting from the incident. The coverage limit is subject to change, so it is important to check with your card issuer to make sure you have the most up-to-date coverage limit.

Are There Any Exclusions?

Yes, there are certain exclusions to the Scotiabank American Express Gold Card car rental insurance. The insurance does not cover any damage caused by driver negligence, such as speeding or reckless driving. It also does not cover any damage caused by vandalism or theft of personal property. Additionally, the insurance does not cover liability for any third-party claims resulting from the incident, such as medical bills or property damage.

Conclusion

The Scotiabank American Express Gold Card car rental insurance provides valuable coverage for physical damage and theft of the rental vehicle. It also provides coverage for towing and loss of use fees, as well as liability coverage for any third-party claims resulting from the incident. However, it is important to remember that the insurance does not cover personal property, driver negligence, vandalism, or theft of personal property. Be sure to check with your card issuer to make sure that you have the most up-to-date coverage limit.