Insurance
If you plan to rent a car, it’s important to understand your insurance options. With Chase Sapphire Preferred, you can enjoy the ease and convenience of rental car insurance coverage while you’re on the road. This article will explain the details of Chase Sapphire Preferred rental car insurance so you can make informed decisions and enjoy peace of mind while traveling.
What Is Chase Sapphire Preferred Rental Car Insurance?
Chase Sapphire Preferred rental car insurance is an insurance policy provided by Chase that covers the cost of damage or theft of a rental car. It is an optional coverage plan and requires a fee to be paid each time you rent a car. The insurance is offered at a discounted rate to Chase Sapphire Preferred cardholders and covers up to $75,000 in damages in the event of an accident or theft.
What Does Chase Sapphire Preferred Rental Car Insurance Cover?
Chase Sapphire Preferred rental car insurance covers the cost of repairs or replacement of a rental car due to damage or theft. It also covers towing costs, lost key fees, and administrative fees. The insurance does not cover medical costs, damage or theft of personal items, or liability for damages caused by the insured.
How Much Does Chase Sapphire Preferred Rental Car Insurance Cost?
The cost of Chase Sapphire Preferred rental car insurance varies depending on the type of rental car and length of rental. Generally, the cost of the coverage is about $10-$15 per day of rental. This cost is in addition to the cost of the rental car itself.
Who Is Eligible for Chase Sapphire Preferred Rental Car Insurance?
Chase Sapphire Preferred rental car insurance is available to all Chase Sapphire Preferred cardholders. To be eligible, you must be at least 21 years of age and have a valid driver’s license. Additionally, the rental car must be rented in the United States or its territories.
How Do I Get Chase Sapphire Preferred Rental Car Insurance?
To get Chase Sapphire Preferred rental car insurance, you must call or visit the rental car company and select the coverage at the time of rental. You will need to provide your Chase Sapphire Preferred card number in order to get the discounted rate. You will then be required to sign a document that confirms you have purchased the coverage and agree to the terms and conditions.
When Does Chase Sapphire Preferred Coverage Begin?
Chase Sapphire Preferred rental car insurance coverage begins when you pick up the rental car and ends when you return it to the rental car company. The coverage is not transferable and does not cover any additional drivers.
Rental Car Insurance with Chase Sapphire Preferred: The Bottom Line
Chase Sapphire Preferred rental car insurance is a great way to protect yourself financially while on the road. With coverage up to $75,000, you can enjoy peace of mind while traveling. Be sure to review the terms and conditions of the coverage before renting a car to ensure you understand what is covered and what is not.