When renting a car one major concern is whether to purchase rental car insurance from the rental company. If you have a Chase Sapphire preferred card or a Chase Sapphire reserve card you might not need to. These cards provide primary rental car insurance which can save you a lot of money and provide Peace of Mind.
Understanding Chase Sapphire Rental Car Insurance
Both the Chase Sapphire preferred card and Chase Sapphire Reserve Card provides auto rental collision damage waiver insurance. The insurance covers damage or theft of a rental car and applies before your personal auto insurance. The best part is that it’s primary coverage meaning you don’t have to involve your personal auto insurance which helps you avoid potential premium increase. To use the rental car insurance you need to pay for the entire rental with your chase sapphire card. You must decline the rental company’s LDW insurance.
What Does Rental Car Insurance Cover?
If the rental car is damaged in an accident the insurance will cover the cost of repairs or important the replacement value of your car. If your rental car is stolen, chase sapphire will reimburse the actual cash value of your car. If the rental car is damaged or stolen the card will also cover reasonable towing expenses.
How To Make a Claim?
Firstly you need to report the damage or theft immediately and ask for a copy of the accident report and rental agreement. Next you need to call Chase at the number on the back of your card and they will guide you through the claim process. You need to gather the required documents like we have the rental agreement damage report from the rental company and police report if the theft or major accident occurred. Claims need to be submitted within 60 days of the incident and you need to provide all the documents as required.
So above all you should use the rental car insurance if you want to avoid paying for the rental company insurance. The rental car insurance is your best bet if you want primary coverage avoiding your personal insurance. You are renting a standard vehicle not luxury or exotic than this card is your best bet.
