Costco Visa Car Rental Insurance: What You Need to Know

Costco members looking for rental car insurance coverage can turn to the Costco Visa card. The card offers primary coverage for auto rentals, meaning you don’t have to use your own auto insurance policy when renting. This can be a great benefit if you don’t have comprehensive or collision coverage for renting a car. Here’s what you need to know about the Costco Visa Car Rental Insurance.

How Does It Work?

The Costco Visa Car Rental Insurance covers the rental car for up to 15 consecutive days in the United States and 31 consecutive days in any other country. The coverage is primary, meaning the card will pay out before any other insurance policy you may have. This can be beneficial if you don’t have comprehensive or collision coverage on your own policy. In addition, the coverage is not restricted to just the cardholder, it extends to any authorized user of the card.

What Does The Coverage Include?

The Costco Visa Car Rental Insurance provides coverage for physical damage and theft of the rental vehicle. It also covers any reasonable towing charges, should the car become inoperable due to a covered event. In addition, the card provides coverage for reasonable loss of use charges imposed by the rental car company. Loss of use charges are fees that the rental car company charges for the time you are unable to use the rental car due to a covered event.

What Is Not Covered?

The Costco Visa Car Rental Insurance does not provide coverage for personal injury or property damage. It also does not cover any damage to a vehicle that is not a rental car or any damage to the personal property of the cardholder or authorized user. The coverage does not apply to any rental car that is used for business, commercial, or fleet purposes.

How Do You File A Claim?

If you need to file a claim under the Costco Visa Car Rental Insurance, you will need to provide your rental agreement, a copy of the police report, and a copy of the repair bill. You can file a claim by contacting Visa at the toll-free number located on the back of your card. You will need to provide the rental agreement, police report, and repair bill to the claims representative. You will then be asked to complete a Visa Insurance Claim form and submit it along with the other documents.

Conclusion

The Costco Visa Car Rental Insurance can provide invaluable coverage for members who do not have comprehensive or collision coverage on their own auto insurance policy. The coverage is primary and extends to any authorized user of the card. It covers physical damage and theft of the rental car, as well as reasonable towing and loss of use charges. However, it does not cover personal injury or property damage. To file a claim, you will need to contact Visa and provide the rental agreement, police report, and repair bill. Overall, the Costco Visa Car Rental Insurance is a great benefit for members.