Insurance
Are you planning to rent a car soon and want to know if your Chase Sapphire Reserve card offers coverage? Then you’re in the right place. In this article, we’ll explain exactly what car rental insurance you get with the Chase Sapphire Reserve card and how to make sure you’re covered when you’re behind the wheel. Read on to learn more about this valuable coverage.
What is Car Rental Insurance?
Car rental insurance, also known as auto insurance for rental cars, is a type of insurance coverage that helps protect you from financial risk if you have an accident in a rental car. It covers the cost of repairing or replacing the rental car, as well as any other property damaged in the accident, and can also provide liability coverage in case you are sued for damages caused by the accident. This type of insurance is important when renting a car, as it can help protect you from expensive repair or replacement costs.
What Does Chase Sapphire Reserve Car Rental Insurance Cover?
The Chase Sapphire Reserve card offers primary rental car insurance which covers up to $75,000 in damage or theft protection for rental cars. It also includes up to $1 million in liability coverage, which is important to have if you are sued for damages caused by an accident. The Chase Sapphire Reserve card also provides coverage for towing and labor costs, up to $50 per incident, and reimbursement for lock-out services, up to $100 per incident.
What is Not Covered by Chase Sapphire Reserve Car Rental Insurance?
The Chase Sapphire Reserve car rental insurance does not cover any damage to personal property that was in the rental car at the time of the accident, nor does it cover any damages caused by an uninsured driver. Additionally, the Chase Sapphire Reserve car rental insurance does not cover any damage to rental cars in foreign countries, so you may want to consider purchasing additional coverage for rentals abroad.
How Do I Use Chase Sapphire Reserve Car Rental Insurance?
In order to use the Chase Sapphire Reserve car rental insurance, you must first decline the rental car company’s own insurance coverage. Then, you must use your Chase Sapphire Reserve card to pay for the full cost of the rental car, including all taxes and fees. If you have an accident, you must file a claim with the rental car company and then submit the necessary documentation to Chase in order to receive reimbursement.
Are There Any Restrictions on Chase Sapphire Reserve Car Rental Insurance?
Yes, there are a few restrictions on the Chase Sapphire Reserve car rental insurance. For example, the card does not cover any rental cars that are used for business purposes, nor does it cover any rental cars that are used for car-sharing services. Additionally, the coverage does not apply to rental trucks, vans, or other commercial vehicles.
Conclusion
The Chase Sapphire Reserve card offers primary rental car insurance that can help protect you from the costs of an accident or theft. It includes up to $75,000 in damage protection and up to $1 million in liability coverage. However, it is important to note that there are some restrictions to this coverage, and you should always check with your rental car company to make sure you are fully covered before renting a vehicle.
FAQs
Do I need to purchase additional insurance if I use the Chase Sapphire Reserve card to rent a car abroad?
Yes, the Chase Sapphire Reserve car rental insurance does not cover any rental cars in foreign countries, so you should consider purchasing additional coverage for rentals abroad.