Renting a Car? A Credit Card Could Have You Covered

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As millions of people plan to hit the road this summer, many have chosen to rent a vehicle as part of their travel arrangements. While renting a vehicle is easily done on many accounts, one thing that sometimes confuses renters is wondering what all is covered in case of an accident or incident. While in many cases if the renter has automobile insurance of their own it somewhat mirrors that, in other cases it does not. Regardless of the case those that use credit cards to rent their vehicle could be covered on more than is expected.

 

In an article entitled "How Useful Is Credit Card Insurance for Rental Cars?", we are given details on a couple of benefits that many cardholders are not aware of when renting a vehicle.  On many occasions these benefits are the same that one would get by opting into the insurance plan offered when renting a vehicle that could easily double the price of renting a vehicle. In all, things that could be covered include the following and more:
 

• Deductible
• Administration fees (collision and/or theft)
• Towing fees
• Car rentals in foreign countries
• Any obscure fees (ie: loss-of-use fees)
   

For these protections and others without adding extra money onto your total, all one must do it charge the entire rental fee to your credit card. When looking at what all is exactly covered it is best view your credit card’s terms or call your issuer. While one card may cover one thing, a different card could cover something entirely different so it is best to know what the extent of your coverage is before assuming.

 

When it comes to benefits, features and tools there are many things that millions of cardholders are missing out on. While car insurance is the main focus of this post, there are many others such as tax education and retirement planning that go unutilized by a countless number of cardholders. While they may not seem important to you now, all of the services that you can use are there for your benefit. In all, these services can save you both time and money in the short term as well as the long and could even help alleviate some stress by having the answers that you may be looking for.