Bank Of America Travel Rewards Card Auto Rental Insurance

Bank Of America Travel Rewards Card Offers Auto Rental Insurance

Are you planning a road trip this summer? Or maybe you are planning on renting a car for business or pleasure? If so, Bank of America Travel Rewards Credit Card may be a great choice for you. Not only will you earn travel rewards points on your purchases, you will also get auto rental insurance coverage. This is a great way to save money and have the peace of mind knowing you are covered if something should happen.

What is Auto Rental Insurance?

Auto rental insurance is an insurance policy that covers damages to a rental car in the event of an accident, theft, vandalism, or other unexpected events. It is important to understand that auto rental insurance is not the same as your personal auto insurance. It is an additional coverage that you can purchase in addition to your personal auto insurance policy.

How Does Bank of America Travel Rewards Card Auto Rental Insurance Work?

If you use your Bank of America Travel Rewards Credit Card to rent a car, you will receive auto rental insurance coverage. This coverage provides you with up to $50,000 of liability protection and $25,000 of physical damage protection. The coverage is secondary to your personal auto insurance policy, which means that it will only kick in after your personal auto insurance pays for the damages.

In order to take advantage of the auto rental insurance coverage, you must charge the entire rental cost to your Bank of America Travel Rewards Credit Card. You must also decline the rental company’s collision damage waiver or other similar form of insurance. Additionally, you must be the primary renter of the vehicle and you must use the rental car for personal use only.

What is Not Covered?

It is important to understand that Bank of America Travel Rewards Credit Card auto rental insurance does not cover everything. The coverage does not include personal property, liability for non-collision related damages, or damages caused by a driver who is not listed on the rental agreement. Additionally, the coverage is not applicable if the rental car is used for anything other than personal use, such as business or commercial use.

It is also important to note that the auto rental insurance coverage is secondary to your personal auto insurance policy. This means that you must make a claim with your personal auto insurance first before you can make a claim with Bank of America Travel Rewards Credit Card auto rental insurance. Furthermore, the coverage is only valid in the United States, Puerto Rico, and U.S. Virgin Islands.

Conclusion

If you are planning on renting a car for personal use, it is worth considering the Bank of America Travel Rewards Credit Card. Not only will you earn travel rewards points on your purchases, you will also get auto rental insurance coverage. This is a great way to save money and have the peace of mind knowing you are covered if something should happen. Just remember to always read the fine print and understand the terms and conditions so that you know exactly what is and is not covered.