Does Cibc Credit Card Cover Car Rental Insurance
Does a CIBC Credit Card Cover Car Rental Insurance?
When it comes to renting a car, it can be a difficult task knowing what kind of insurance you need. If you're considering a CIBC credit card, it's important to know if it offers car rental insurance and how it might benefit you.
What Is Car Rental Insurance?
Car rental insurance is an additional coverage that is available when you rent a car. It is an extra layer of protection that covers any damage that may occur to the vehicle while it is in your possession. It is important to note that most car rental companies will require you to purchase their own insurance and that the CIBC credit card insurance may only supplement their coverage.
Which CIBC Credit Cards Offer Car Rental Insurance?
Not all CIBC credit cards offer car rental insurance, but many do. The CIBC Aventura® Visa Infinite* Card and the CIBC Aventura® Gold Visa* Card are two of the cards that offer car rental insurance. This coverage is only available if you use your CIBC credit card to pay for the rental. It is important to note that this coverage is only available for rentals of 31 days or less. It is also important to note that this coverage does not apply to rental vehicles that have been rented in Canada.
What Does the Coverage Include?
The coverage provided by CIBC credit cards is quite comprehensive. It includes coverage for damage to the rental car, including collision, vandalism, theft, and fire. It also includes coverage for liability, which is the amount of money that you may be liable for if you are responsible for an accident. It also includes coverage for towing charges, loss of use, and administrative fees. This coverage is subject to the terms and conditions of the CIBC credit card agreement and is only available for renters aged 25 or older.
Are There Any Exclusions?
Yes, there are certain exclusions to the coverage provided by CIBC credit cards. This coverage does not apply to luxury vehicles, trucks, recreational vehicles, or off-road vehicles. It also does not apply to rentals of more than 31 days, rentals in Canada, or rentals used for business purposes. It is important to note that the coverage is only available for the primary renter, and not for additional drivers.
What Else Should I Know?
It is important to remember that the CIBC credit card car rental insurance is secondary coverage, meaning that it will only kick in after your primary coverage has been used. It is also important to remember that you must decline all coverage offered by the rental company in order for the CIBC credit card insurance to apply. Additionally, you should remember to keep all receipts and documentation in case you need to submit a claim.
In conclusion, a CIBC credit card may offer car rental insurance coverage for eligible rentals. This coverage can be a great way to supplement the coverage offered by the rental company and provide an extra layer of protection. It is important to remember, however, that this coverage is only available to renters aged 25 or older and that there are certain exclusions that apply.
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