Cibc Dividend Visa Car Rental Insurance: All You Need to Know

What is Cibc Dividend Visa Car Rental Insurance?

Cibc Dividend Visa Car Rental Insurance is an insurance policy offered by the Canadian Imperial Bank of Commerce (CIBC) to their Dividend Visa cardholders. This insurance provides coverage for damage to or theft of a rental car when a cardholder uses their CIBC Dividend Visa card to pay for a rental car in Canada or the United States. With this coverage, cardholders can enjoy peace of mind when they rent a car, knowing that they have protection in case of unexpected damage or theft.

What Does Cibc Dividend Visa Car Rental Insurance Cover?

The Cibc Dividend Visa Car Rental Insurance covers up to $65,000 for accidental damage to, or theft of, the rental car. This coverage applies in Canada and the United States, and is valid up to 48 consecutive days. Additionally, there is a $500 deductible that applies in the event of a claim.

How to Use Cibc Dividend Visa Car Rental Insurance?

The Cibc Dividend Visa Car Rental Insurance is easy to use. All you need to do is use your CIBC Dividend Visa card to pay for the rental car. Once the rental car is paid for, the coverage will be automatically activated. In the event of an accident or theft, you will need to make a claim with CIBC, and provide the necessary documents such as the police report and rental agreement.

What is Cibc Dividend Visa Car Rental Insurance Exclusions?

The Cibc Dividend Visa Car Rental Insurance does not cover a few types of damage. This includes damage to tires, glass, undercarriage, and interior of the rental car. The coverage also does not apply to any damages resulting from an intentional act, or damages caused by a driver who is under the influence of drugs or alcohol.

What is the Cost of Cibc Dividend Visa Car Rental Insurance?

The Cibc Dividend Visa Car Rental Insurance is free for cardholders who use their CIBC Dividend Visa card to pay for the rental car. This means that cardholders can enjoy peace of mind without any additional cost when they use their CIBC Dividend Visa card to rent a car.

Conclusion

The Cibc Dividend Visa Car Rental Insurance is an excellent coverage option for cardholders who use their CIBC Dividend Visa card to pay for a rental car. The coverage provides up to $65,000 in protection in the event of accidental damage or theft, and it is free for cardholders who use their CIBC Dividend Visa card to pay for the rental car. So if you are planning a trip and need to rent a car, make sure to use your CIBC Dividend Visa card to pay for it, and enjoy peace of mind knowing that you are covered in case of any unexpected damages or theft.

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