![]() ![]() Therefore, it's essential to understand whether your existing insurance covers these when operating a rental car. That means it doesn't cover damage to other vehicles, property, or injuries to people. You can find the full list of vehicle exclusions in the Sapphire Preferred Benefits GuideĪuto Rental CDW does not provide liability insurance. So, don't expect to be reimbursed if you crash an Aston Martin or even a Tesla. However, there are some restrictions on exotic and antique vehicles, cargo vans, motorcycles, and others. Your Sapphire Preferred‘s policy provides coverage up to the cash value of the vehicle at the time of manufacture and includes most private passenger cars, minivans, and SUVs. Necessary towing charges to take the vehicle to the nearest qualified repair facility.Valid loss-of-use charges assessed by the rental company while the damaged vehicle is being repaired and is not available for use.Physical damage and theft of the covered rental vehicle.The Sapphire Preferred Auto Rental CDW covers the cardholder or authorized driver for theft and damage while the vehicle is in your control for a rental period not exceeding 31 consecutive days. Image by Jamie Street/Unsplash What is Covered by the Sapphire Preferred Auto Rental Insurance? ![]() In contrast, secondary coverage takes effect after you process a claim through your personal auto insurance provider and can reimburse remaining expenses, such as a deductible. That means you don't need to file a claim with your personal insurance (or any other insurer) before filing a claim under the card benefit. The Sapphire Preferred provides primary coverage. ![]() Coverage varies by credit card but can protect you up to the actual cash value of the car on most credit cards, including the Sapphire Preferred. What is an Auto Rental Collision Damage Waiver?Īuto Rental Collision Damage Waiver (CDW) is a form of insurance that will cover you - the cardholder - against certain damages or the theft of your rental car. So, let me help you understand what it is, who and what it covers, and when and where you receive coverage. The Auto Rental CDW is one of the most underrated perks of being a Sapphire Preferred cardholder. So does the Chase Sapphire Reserve ® and Ink Business Preferred ® Credit Card. Luckily, the Chase Sapphire Preferred ® Card comes with primary coverage. Some credit card auto rental Collision Damage Waiver (CDW) policies provide primary rental coverage, while others just provide secondary coverage. That coverage varies depending on which card you have. To get car rental damage and theft coverage, all you need to do is pay for your rental with the right credit card. If this scenario resonates, take a deep breath, rest easy, and keep the money in your wallet. Have you ever stood at the car rental counter, frozen and unsure whether to add insurance to your rental or risk paying for damages out of pocket? Do you feel like adding insurance to your car rental jacks up the price much higher than you were ready to pay? The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Terms Apply to the offers listed on this page. AwardWallet receives compensation from advertising partners for links on the blog. ![]()
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