Bank of America Travel Rewards rental car insurance covers damage, theft, loss of use and towing charges for any rental car paid for with the BofA Travel Rewards card. It’s a free benefit that pays up to the actual cash value of a rented vehicle. To get coverage, the cardholder must decline the rental agency’s insurance and pay for the entire rental with the Travel Rewards card. The benefit covers domestic rentals up to 15 consecutive days. It’s 31 days for rentals in another country. Coverage does not apply to vehicles rented in Israel, Jamaica, Northern Ireland and the Republic of Ireland.
Bank of America does not directly provide the rental car insurance on its cards. The Visa and Mastercard networks actually administer this benefit on all Bank of America credit cards. Your coverage depends on which network the card is on. For example, the Bank of America Travel Rewards card is a Visa Signature card. As such, it comes with Visa Signature’s car rental insurance.
Bank of America Travel Rewards rental car insurance does not cover certain types of vehicles and situations. For example, the benefit covers only the rented vehicle. It does not cover damage to other vehicles, property or personal injuries. Coverage also does not apply to cargo vans, trucks, motorcycles or several other types of vehicles. And you won’t be covered for any damages caused by drunk or reckless driving, among other situations.
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