Insurance
Are you an American Express Platinum card holder looking for car rental insurance when you travel? Look no further, as the American Express Platinum card offers some of the best car rental insurance in the market. In this article, we’ll explore the details and benefits of Amex Platinum car rental insurance, so you can make an informed decision.
What Does Amex Car Rental Insurance Cover?
Amex Platinum car rental insurance covers you for physical damage and theft of the rental car, as well as liability coverage. This means that, should something happen to the rental car, you won’t be liable for the damages. This coverage is secondary to any other insurance coverage you might have, such as the coverage provided by your own car insurance policy.
In addition to these benefits, Amex Platinum car rental insurance also provides overseas coverage. This means that, regardless of where you are, you’ll be covered by Amex Platinum car rental insurance.
What Are the Eligibility Requirements?
The Amex Platinum card has some eligibility requirements that must be met in order to receive the car rental insurance. First, you must be a Canadian resident, and the rental car must be picked up in Canada. You must also be the primary renter of the car, and you must pay for the car rental using your American Express Platinum card.
In addition, you must decline the rental company’s collision damage waiver (CDW) when you rent the car. If you accept the CDW, you will not be eligible for Amex Platinum car rental insurance.
What Is the Limit of Coverage?
The Amex Platinum car rental insurance provides coverage up to $85,000 in physical damage and theft. This is a generous coverage limit that should be more than enough for most car rentals. It is important to note, however, that the coverage limit may vary depending on the rental company and the rental car.
Are There Any Exclusions?
Yes, there are some exclusions to Amex Platinum car rental insurance. First, the coverage does not apply to rentals of more than 48 consecutive days. In addition, the coverage does not apply to certain types of vehicles, such as limousines, antique cars, and off-road vehicles.
How Does It Work?
Using Amex Platinum car rental insurance is easy. All you have to do is decline the rental company’s CDW when you rent the car, and then pay for the rental using your American Express Platinum card. You will then be covered by the Amex Platinum car rental insurance, up to the coverage limit.
Conclusion
The American Express Platinum card offers some of the best car rental insurance in the market. It provides coverage for physical damage and theft, as well as overseas coverage. There are some eligibility requirements and exclusions, but overall the Amex Platinum car rental insurance is a great way to protect yourself while renting a car.