Does Hsbc Premier Include Car Rental Insurance


Does Hsbc Premier Include Car Rental Insurance

Does HSBC Premier Include Car Rental Insurance?

What is HSBC Premier?

HSBC Premier is an exclusive banking service offered by HSBC Bank designed for customers who have significant financial assets. This service offers a range of banking and wealth management services, as well as preferential rates and access to special events. HSBC Premier offers a range of benefits, including preferential rates on loans and credit cards, access to a dedicated relationship manager, and a range of banking services. Customers also receive complimentary travel insurance, including car rental insurance coverage.

What Does the Car Rental Insurance Cover?

HSBC Premier customers who rent cars while travelling are covered by complimentary car rental insurance. This insurance covers the customer for accidental damage to the rental car and liability for damage to third party property. The insurance also covers theft of the rental car and liability for personal injury to third parties. The insurance does not cover the cost of fuel, tolls, or any damage to the personal belongings of the customer.

What are the Eligibility Requirements?

In order to be eligible for the car rental insurance, customers must be HSBC Premier customers and must be the primary renter of the rental car. The rental car must be rented from a legitimate rental company and must be used for personal or business purposes. Customers must pay for the rental car in full with their HSBC Premier credit card and must follow the terms and conditions of the rental agreement.

What is the Coverage Limit?

The coverage limit for the car rental insurance is up to $50,000. This limit applies to the total cost of repair or replacement of the rental car, as well as the cost of any liability for damage to third party property and personal injury to third parties. The coverage limit is subject to change, so customers should always check with their HSBC Premier relationship manager for the most up-to-date limit.

What is the Excess Amount?

The excess amount for the car rental insurance is $500. This is the amount that the customer is responsible for in the event of a claim. The excess amount is subject to change, so customers should always check with their HSBC Premier relationship manager for the most up-to-date limit.

What Else Do I Need to Know?

It is important to note that the car rental insurance provided by HSBC Premier is only available to HSBC Premier customers. Customers should also be aware that the insurance does not cover any personal belongings, and that they are responsible for any damage to the rental car in excess of the coverage limit and the excess amount. Customers should also make sure they are aware of the terms and conditions of the rental agreement, and follow them closely.

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