What does Capital One Venture rental car insurance cover?

Yes, the Visa credit card travel insurance is pretty good. It covers all Visa credit card users for damage or theft of rental cars. Some cards also provide coverage for accidents while traveling, trip cancellation and lost luggage. Plus, Visa credit card travel insurance never costs extra. You just have to pay for your travel with your Visa card to be eligible for any coverage it might have.… read full answer

The exact amount of coverage you get, the claims procedures you have to follow, and other fine print depend on the bank or credit union that issues the card. It also makes a difference whether your card is a Visa Platinum, Visa Signature or Visa Infinite (least coverage to most coverage).

Types of Visa Credit Card Travel Insurance

• Travel accident:
  Should you or dependents you’re travelling with die or get seriously disfigured due to the fault of a travel provider, this policy will reimburse you or your family. The amount of money you can get varies, but it could be as much as $500,000 with certain cards. But not all cards will have this benefit. Chase Sapphire Reserve® has the best coverage.
• Trip cancellation/interruption/delay:
  If your trip has to be ended early or moved because of things out of your control (e.g. death, injury, severe weather, military orders and more), you can get compensated for the inconvenience. Coverage might be up to $2,000 per trip, but not every card will have it. The Chase Sapphire Preferred® Card has the best coverage.
• Lost luggage:
  It’s hard to enjoy yourself on a trip if you don’t have any of your belongings. If your luggage gets lost or stolen, Visa may pay you for its value. You could get up to $3,000 per person per trip, but whether you have coverage depends on the card. Chase Sapphire Preferred has the best coverage.
• Rental car:
  Every Visa card should have this, no matter who issues it. If you rent a car with your Visa card and that car gets damaged or stolen, you can be reimbursed. But certain types of cars aren’t eligible (like expensive cars, RVs, motorcycles, and more) and certain situations aren’t either (like drunk driving). You can receive up to the full value of the rental vehicle.

If you’re in the market for a new card, there are several good offers available. Just keep in mind that the best course of action is to check your card’s terms to find out what kind of coverage it has.

Best Visa Cards for Travel Insurance

For more options, WalletHub’s editors have prepared a report on the cards with the best travel insurance to help you out.

You get Mastercard travel insurance just by having a Mastercard. It’s free, too. There are six different types of Mastercard travel insurance available: travel accident insurance, trip cancellation/interruption insurance, trip delay insurance, insurance for lost or delayed baggage, and rental car insurance.

Coverage amounts and categories differ based on what level of Mastercard you have: regular, World or World Elite. Plus, it’s up to the card’s issuer whether or not to include each benefit in the first place. Below you’ll find descriptions of the insurance offerings and the dollar amounts of the coverage if they don’t differ by card. Coverage amounts that change based on the Mastercard tier are noted in the last few bullets.… read full answer

Here’s how Mastercard travel insurance works:

• Mastercard travel accident insurance: Reimburses you in the event of serious injury or death aboard a common carrier (airline, cruise ship, bus, etc.). Coverage applies to you, your domestic partner and your dependent children, as long as you pay for the whole fare with your Mastercard.
• Mastercard trip cancellation insurance: Reimburses for trips cancelled because of the death, illness or injury of you or a family member. If the travel provider goes out of business that counts too. Some situations, like pre-existing conditions and cosmetic surgery, are not covered.
• Mastercard trip delay insurance: Will pay up to $500 per trip for each person whose ticket you pay for with your card. You’re eligible if the travel provider delays your trip for at least 3 hours.
• Mastercard baggage delay insurance: Gives you up to $100 per day for up to 3 days you spend without your bag. It covers items you are forced to buy, like clothes and toiletries. All Mastercards have this benefit.
• Mastercard lost baggage insurance: Pays up to $3,000 per trip for bags that are lost by the travel provider. Certain types of items, like medical equipment, aren’t covered.
• Mastercard rental car insurance: When you rent a car with any Mastercard, you’ll be protected against collision damage and theft, up to $50,000 for rental periods of 31 days or fewer. You have to decline any insurance the rental agency offers you. Certain types of cars aren’t covered: vans, trucks, antique cars, motorcycles, etc. And Mastercard won’t pay for the theft of personal belongings or if you were driving irresponsibly.
• Best Mastercard for travel insurance: World Elite Mastercard credit cards give you the most travel insurance, followed by World Mastercards and standard Mastercards. The best World Elite Mastercard for travel is Citi Prestige.
• World Elite Mastercard travel insurance: World Elite Mastercard credit cards offer every type of travel insurance. You’re also covered for a higher total dollar amount than with a World Mastercard: up to $1,000,000 for travel accidents.
• World Mastercard travel insurance: World Mastercards give every type of travel insurance. They offer just $200,000 in trip accident insurance. They also give up to $1,500 per trip for cancellation.
• Standard Mastercard travel insurance: Standard Mastercards only give a mere $100 in travel accident insurance and $100 in trip interruption/delay insurance. Aside from that, they offer the regular baggage delay insurance and rental car insurance amounts.

Each of these benefits comes with a laundry list of restricted situations. So be sure to read your card’s benefits guide in detail to confirm you know what’s covered and what’s not.

The Capital One VentureOne Rewards Credit Card offers rental car insurance as a free benefit. Capital One VentureOne rental car insurance covers damage or theft of the vehicle, damage or theft of personal items, loss of use and towing charges. Cardholders are covered up to the actual cash value of the vehicle. To get the coverage, a cardholder must decline the rental agency’s insurance and pay for the rental entirely with a Capital One VentureOne credit card or miles.… read full answer

Key Things to Know About Capital One VentureOne Rental Car Insurance

• Coverage Amount. Up to the actual cash value of the vehicle.
• File Claims for Domestic Rentals Through Primary Insurance First. The Capital One VentureOne card rental car insurance benefit provides secondary coverage for domestic rentals up to 15 days, so you will need to file a claim through your primary insurance carrier first, if you have one.
• Coverage Is Primary When Abroad. If you’re renting a vehicle outside of your home country, coverage under the Capital One VentureOne card rental car insurance benefit is primary and lasts for up to 31 days.
• Not All Vehicles Or Incidents Are Covered. The Capital One VentureOne rental car insurance benefit does not cover rentals made on a monthly basis, expensive or antique cars, mopeds, motorbikes, or recreational vehicles, among others. Coverage also does not apply to certain incidents such as any loss occurred under the influence of drugs or alcohol or while in violation of the rental agreement, damage sustained off-road, theft or damage of unlocked and unsecured vehicles.

Capital One Rental Car Insurance Claims

To file a Capital One VentureOne rental car insurance claim, call the Benefit Administrator at the number in your benefits guide or visit the card’s benefits website to obtain a claim form. You will need to submit the claim form, along with any requested supporting documents – such as a receipt showing the vehicle rental charge, the rental agreement, or a police report – no later than 90 days after the incident.