Does HSBC Mastercard Cover Car Rental Insurance?

If you are an HSBC Mastercard cardholder and are planning to rent a car for your next vacation or business trip, you may be wondering if your card offers car rental insurance. The good news is that HSBC Mastercard does offer some protection for car rental. However, depending on the type of card you have, the coverage you receive may differ.

HSBC Mastercard Car Rental Coverage

Most HSBC Mastercard credit cards offer rental car insurance for up to 15 days when you pay for the rental using your card. The coverage includes damages due to collision, theft, vandalism and other accidents. However, the coverage does not cover personal liability and damage to other vehicles or property. For this, you will need to purchase additional insurance coverage from the car rental company.

The coverage provided by HSBC Mastercard also does not cover certain types of vehicles. These include luxury cars, off-road vehicles, motorhomes, and vehicles with more than four wheels. Additionally, if you are renting a car in your home country, the coverage is limited to a maximum of $50,000. If you are renting a car abroad, the coverage is limited to a maximum of $75,000.

What You Need to Do to Receive Coverage

In order to receive coverage from HSBC Mastercard car rental insurance, you must follow a few steps. First, you must decline the rental company's collision damage waiver or any other form of insurance coverage. Second, you must pay for the entire rental using your HSBC Mastercard. You cannot use a different form of payment, even if you are splitting the cost with someone else. Third, you must comply with all of the terms and conditions of the rental agreement.

Finally, you must make sure to contact the car rental company and the card issuer within a certain timeframe in order to receive coverage. This timeframe typically ranges from 20 to 30 days. If you do not contact the car rental company and the card issuer within this timeframe, you may not be eligible for coverage.

Limitations of HSBC Mastercard Car Rental Coverage

It is important to note that HSBC Mastercard car rental coverage is limited. For example, the coverage does not cover damage caused by negligence, abuse, or reckless driving. Additionally, some rental companies may not accept the coverage provided by HSBC Mastercard. For this reason, it is important to check with the rental company before you rent a car.

It is also important to note that the coverage provided by HSBC Mastercard is secondary to any other insurance coverage you may have. For example, if you have a personal auto insurance policy, the coverage provided by HSBC Mastercard will only kick in if the other policy does not cover the damage. Additionally, the coverage provided by HSBC Mastercard is not transferable and only applies to the cardholder.