Everything You Need to Know About Costco Credit Card Car Rental Insurance

If you're a Costco member, you may be wondering what perks you can get from their credit cards. One of the lesser-known benefits is the car rental insurance offered with the Costco Anywhere Visa Card by Citi. This coverage provides secondary coverage for physical damage and liability for car rentals outside the U.S. and Puerto Rico.

What Does the Costco Credit Card Car Rental Insurance Cover?

The Costco credit card car rental insurance covers physical damage to the rental car and liability coverage in the event of an accident or theft. This coverage is secondary to whatever primary coverage you have in place, whether it be through your own auto insurance or through the rental car company. It applies to rental cars with an original manufacturer's suggested retail price (MSRP) of $50,000 or less.

When Does the Costco Credit Card Car Rental Insurance Apply?

The Costco credit card car rental insurance applies when you rent a car and use your Costco Anywhere Visa Card by Citi to pay for it. The coverage is only available for rentals outside the U.S. and Puerto Rico. Also, you must decline the rental company's collision/loss damage waiver (LDW) in order for the coverage to apply. It's important to note that the coverage does not apply to any other type of vehicle, such as a recreational vehicle (RV), motorcycle, or moped.

What Does the Costco Credit Card Car Rental Insurance Not Cover?

The Costco credit card car rental insurance does not cover any accessories or safety equipment, such as car seats or GPS, that you may have rented with the car. It also does not cover any administrative fees or loss of use, which is a fee that the rental company charges when a car is out of service for repairs. Additionally, the coverage does not apply if you are using the car for business or other commercial purposes.

How to File a Claim with the Costco Credit Card Car Rental Insurance

If you need to file a claim with the Costco credit card car rental insurance, you will need to contact Citi customer service. You will need to provide your Costco Anywhere Visa Card by Citi account number and the rental agreement. You will also need to provide supporting documents such as a police report, photographs, and repair estimates. It is important to note that you must file a claim within 60 days of the incident.

Conclusion

The Costco credit card car rental insurance is a great benefit for Costco members. It can provide you with peace of mind when travelling abroad and renting a car. It is important to note that the coverage is secondary to any other coverage you may have in place, and it does not cover accessories, administrative fees, or loss of use. If you need to file a claim, you must do so within 60 days of the incident.