Declining CDW insurance

[Luiz_F]

Hi guys,

I intend to rent a Standard SUV at Alamo and pay it with my Citibank Mastercard Gold. The Bank offers me a free CDW insurance. Do you know if this benefit is valid for Standard SUV´s?

Thanks in advance.
Luiz

 

[undertheradar]

Check with your own insurance company first! Most policies extend to the rental vehicle. The credit card coverage would cover your deductible. Your insurance agent will know the best answer to this.

 

[DisneyElf]

One word of warning -- though the CC Company offers the insurance - it is secondary not primary coverage.

Example: A customer rented a vehicle - left it in a parking garage for drop off. Several days later they were notified there was a "ding" on it. Cost - $ 224.00 - Customer put the claim into the credit card company (AMEX), who promptly paid the bill. HOWEVER - after they paid the bill, they subrogated back to the customers own insurance company. Since the insurance company is primary - they reimbursed AMEX's payment.

So... if you have NO claims on your own auto policy - I would rely on the CC coverage ..... but if you have multiple claims on your own policy and a tickets - take the CDW.


PM me if you have additional questions -- I'm in the insurance biz.

FYI - if you don't have a personal auto policy - just use the CC since it becomes primary since you don't have a policy.

 

[CarolA]

Not ALL credit cards are secondary.

I use a Diner's Club Mastercard that is primary. (And yes, I have used it and the claim has never been reported to my personal insurance!)

 

[welovedis]

Yes, you need to check with your insurance co to see if the coverage is primary or secondary and then make your decision based on that info. I used to advise all my customers (was in the ins bus) to check first so that they could make an informed decision about the value of the coverage.

GL!