Capital One Platinum car rental insurance covers cardholders and eligible authorized drivers for qualifying damage, theft, loss of use charges and towing, up to $50,000. Coverage includes physical damages resulting from an accident or theft. Towing costs (to the nearest collision repair facility) and reasonable loss of use charges imposed by the rental agency (up to $500) during the vehicle’s out of service period are also covered. Coverage is valid for rentals that do not exceed 15 consecutive days. To receive the benefit, a cardholder must charge the entire car rental to the Capital One Platinum. You must also decline the rental agency’s car rental insurance.
Here is how Capital One Platinum car rental insurance works:
Overview: Capital One Platinum car rental insurance covers cardholders and eligible authorize drivers for damage, theft, towing and loss of use charges. Rental cost must be charged to the Capital One Platinum and the rental period cannot exceed 15 consecutive days.
Who is covered: Capital One Platinum cardholders and authorized drivers designated as such in the rental agreement. Cardholders must charge the rental costs to their Capital One Platinum and refuse the rental agency’s car rental insurance.
What is covered: Physical damage and theft of eligible vehicles; reasonable loss of use charges imposed by the rental company for the period of time the rental vehicle is out of service (charges must be substantiated by a location and class specific utilization log); towing charges to the nearest collision repair facility. Coverage is worldwide, with the exception of the following countries: Republic of Ireland, Northern Ireland, Israel, Jamaica.
What is not covered: Ineligible categories include vehicles exceeding an MSRP (Manufacturer Suggested Retail Price) of $50,000, motorcycles, trailers, trucks, pickups, vans mounted on truck chassis, cargo vans, off-road vehicles, other RVs, and more. Losses derived from theft, whereby the cardholder or authorized driver cannot produce the keys of the vehicle at the time of reporting the incident to the police/rental agency are not covered.
How much is covered: Up to $50,000. In addition, coverage is limited to $500 per incident for reasonable loss of use charges imposed by the rental company during the time the vehicle is out of service.
How to claim: Call your Benefit Administrator at (800) 622-4802 to request a claim form. You must report the claim within 60 days of the incident. Based on the information given to your Benefit Administrator, you’ll be sent the relevant claim forms that must be completed and returned within 120 days.
Capital One’s rental car insurance covers physical damage or theft of a rental vehicle. It also covers reasonable towing costs and any valid loss-of-use charges from the rental agency. Put simply, Capital One’s rental car insurance covers the same things as the insurance add-on from the rental agency.
To receive Capital One rental car insurance, all you have to do is use your Capital One credit card when you make the reservation and reject the insurance offered by the rental agency. Capital One’s rental car insurance is not valid for domestic rentals that exceed 15 days or international rentals exceeding 31 days. Not all vehicles are covered by Capital One’s rental car insurance, either. Expensive/exotic/antique automobiles are not covered. Neither are motorcycles, trucks, recreational vehicles or certain vans.… read full answer
If you need to file a claim with Capital One’s rental car insurance (also called the “auto rental damage collision waiver"), call the Benefits Administrator within 45 days of a covered incident. You’ll need to get a claim form from the Benefits Administrator. You’ll also need a copy of the repair estimate and an itemized bill from the auto shop. Plus, don’t forget to ask the rental agency for copies of the accident report as well as the initial and final rental agreements. If available, it’s best to have photographs of the damaged vehicle and a copy of the police report, too. Claims are usually finalized within 15 days of the Benefits Administrator receiving all of the required documents.
Capital One credit card travel insurance covers car rentals and lost, damaged, or stolen luggage. It also covers you for death and injury when you travel as a passenger. You’re covered only if you make your travel purchases with a Capital One card.
Benefit availability and coverage limits vary among Capital One cards. Benefits may also differ depending on whether your Capital One card is on the Mastercard or Visa network. If you have a Capital One Visa Signature card, you’ll enjoy benefits such as travel concierge service, roadside assistance, and other travel perks in addition to what your Capital One card offers. Refer to your card’s Guide to Benefits for details.… read full answer
Here are the Capital One credit card travel insurance benefits:
Car rental insurance. Covered for damage and theft for up to 31 days when you purchase the entire rental on your Capital One card. Must also decline the rental agency’s insurance. Coverage includes towing to the nearest body repair shop. Covers most cars up to the full cash value. Vehicles not covered include, but not limited to trucks, motorcycles, RVs and luxury vehicles.
Travel accident insurance. Covers the cardholder and immediate family up to $250,000 if a travel accident causes death or dismemberment. Must pay for travel fare with a Capital One Visa Signature card to be covered. Policy covers accidents while traveling on a “common carrier.” Includes airplanes, trains, boats, buses, and other motorized vehicles or crafts.
Lost luggage reimbursement. Checked or carry-on luggage is covered up to $3,000 if lost, damaged, or stolen. Covered only for fares purchases with an eligible Capital One card. Items not covered include, but not limited to money and credit cards; eyeglasses and contact lenses; artwork; cell phones; and motor vehicles, equipment, and accessories.
Capital One credit card travel insurance can save you hundreds, if not thousands of dollars if an unforeseen event occurs while you’re traveling. Familiarize yourself with the terms of your benefits and confirm that you’re covered before you pay.
The biggest benefits of a Capital One Platinum are $100,000 per trip in travel accident insurance and $50,000 in rental car insurance. The Capital One Platinum card also offers 1 year of extended warranty coverage and $1,000 per year in price protection, too. It also has a $0 annual fee and a $0 foreign transaction fee.… read full answer
The Capital One Platinum card’s travel accident insurance provides reimbursement for death and disfiguring injuries caused by a travel provider. The rental car insurance policy provides coverage against collision damage and theft. It applies to rentals of up to 15 consecutive days in the U.S.
Capital One Platinum’s benefits for everyday purchases can help you save money, too. Price protection refunds some of the money you paid for an item when you see the exact same item on sale within 60 days of the purchase date. You’ll need to prove this lower price with a printed advertisement. Platinum’s extended warranty coverage doubles the original warranty of items purchased with the Platinum card, up to a maximum of 12 months.
There are a few other noteworthy Capital One Platinum benefits as well. Being a cardholder gives you access to Eno. It’s a financial assistant app. It can also generate virtual card numbers to keep your information safe when shopping online. Other benefits include $0 liability for fraud and the ability to get a higher credit line after making your first 6 consecutive on-time monthly payments.
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