Cibc Credit Card With Car Rental Insurance

Everything You Need To Know About CIBC Credit Card Car Rental Insurance

What is CIBC Credit Card Car Rental Insurance?

CIBC Credit Card Car Rental Insurance is a type of insurance coverage that is offered by the Canadian Imperial Bank of Commerce (CIBC) when you rent a car using your CIBC credit card. It provides coverage for you in case of an accident, theft, or damage to the car. It also provides coverage for third-party property damage and bodily injury. This type of insurance is available to all CIBC credit card holders in Canada, including those who are travelling outside of Canada.

What Does CIBC Credit Card Car Rental Insurance Cover?

CIBC Credit Card Car Rental Insurance provides coverage in the event of an accident, theft, or damage to the car. The coverage includes the cost of repairs or replacement of the rental car, as well as coverage for third-party property damage and bodily injury. It also covers legal fees if the cardholder is sued for their actions while driving the rental car. In addition, the CIBC Credit Card Car Rental Insurance offers additional coverage for up to $50,000 for medical expenses, personal effects, and towing and labour expenses.

What Does CIBC Credit Card Car Rental Insurance Not Cover?

CIBC Credit Card Car Rental Insurance does not cover any damages or losses that are not caused by an accident, theft, or damage to the rental car. It also does not cover personal liability or any other costs or damages related to the rental car. Additionally, it does not cover any costs or damages incurred while the cardholder is driving the rental car under the influence of alcohol or drugs.

How to Apply for CIBC Credit Card Car Rental Insurance

In order to be eligible for CIBC Credit Card Car Rental Insurance, you must use your CIBC credit card to pay for the rental car when you book it. Once you have done this, the coverage will automatically be applied to the rental car. You do not need to make any additional payments or apply for the coverage separately. However, it is important to note that you must use your CIBC credit card to pay for the rental car in order to be eligible for the coverage.

Conclusion

CIBC Credit Card Car Rental Insurance is a great way to protect yourself against any damages or losses that may occur when you rent a car. It provides coverage for repairs or replacement of the rental car, as well as coverage for third-party property damage and bodily injury. It is important to note that you must use your CIBC credit card to pay for the rental car in order to be eligible for the coverage. If you are planning to rent a car and want to make sure you are covered, CIBC Credit Card Car Rental Insurance is a great option.