Scotiabank Gold American Express Car Rental Insurance: Understanding Your Coverage

The Basics of Car Rental Insurance

If you’re planning a road trip or a vacation, you may be considering renting a car. But before you book, you should understand the car rental insurance options available. Most car rentals include basic liability insurance, but if you want to be completely covered in the event of an accident, you may want to purchase additional insurance. That’s where the Scotiabank Gold American Express Car Rental Insurance comes in.

The Scotiabank Gold American Express Car Rental Insurance is an optional add-on for cardholders. It covers the cost of repairs and other expenses related to a car accident or theft. The coverage also includes damage to the rental vehicle and any other property damaged in the accident. It also covers medical expenses and other fees related to the accident. It’s important to note that this coverage is only available on rentals of up to 48 consecutive days.

What Does the Scotiabank Gold American Express Car Rental Insurance Cover?

The Scotiabank Gold American Express Car Rental Insurance covers the cost of repair or replacement of the rental vehicle if it is damaged or stolen. It also covers other property damaged in the accident, as well as medical expenses and other fees related to the accident. The coverage is secondary, so it will pay out after other insurance policies are used. This means that if you already have car insurance, it will take effect after your own policy is used. It also covers any additional drivers on the rental agreement.

The coverage is also comprehensive. This means that it covers damage caused by theft, vandalism, fire, floods, hail, and other perils. It also covers damage to the rental vehicle and other property, as well as medical expenses and legal fees. It does not cover personal items that may have been damaged or stolen in the accident, nor does it cover the cost of a rental car if the original one was stolen. It also does not cover any liability claims or any damage caused by the driver’s negligence.

Who Is Eligible for the Scotiabank Gold American Express Car Rental Insurance?

The Scotiabank Gold American Express Car Rental Insurance is available to all cardholders of the Scotiabank Gold American Express Card. The coverage is secondary, so it will pay out only after other insurance policies are used. It is also only available for rentals of up to 48 consecutive days.

How Much Does the Scotiabank Gold American Express Car Rental Insurance Cost?

The cost of the Scotiabank Gold American Express Car Rental Insurance varies depending on the rental agreement. Generally, the cost is included in the rental agreement, so you don’t need to pay any additional fees. However, you should check with your rental company to make sure that the coverage is included in the agreement.

How Do You Get the Scotiabank Gold American Express Car Rental Insurance?

The Scotiabank Gold American Express Car Rental Insurance is available to all cardholders. When you book your rental car, you will be asked if you would like to add the coverage. If you choose to add the coverage, you will need to provide your Scotiabank Gold American Express Card information. The rental company will then charge your card for the coverage.

Bottom Line

The Scotiabank Gold American Express Car Rental Insurance is a great way to get additional protection when you rent a car. It covers the cost of repairs and other expenses related to a car accident or theft, as well as damage to the rental vehicle and other property. It is available to all cardholders and is secondary coverage, so it will pay out after other insurance policies are used. And the cost is usually included in the rental agreement.