The Costco Credit Card travel insurance coverage includes travel accident insurance and rental car insurance, among other benefits. Using the card’s travel insurance doesn’t cost extra. To be eligible to file a travel insurance claim, you’ll need to pay for your travel using your Costco Credit Card.
Types of Costco Credit Card Travel Insurance
Travel accident insurance Covers you, your spouse, your domestic partner and/or your dependents up to $250,000 per person against death or dismemberment. The coverage applies while you are traveling on a common carrier like a plane, train, bus or boat, as long as you paid for the full fare using the card.
Rental car insurance Provides up to $50,000 per rental in reimbursement for collision damage and theft. The car must be rented entirely with the Costco Credit Card, and the cardholder must decline the optional insurance offered by the rental agency.
Roadside Assistance Dispatch Domestic coverage for dispatch services including towing, fuel delivery (up to 2 gallons), jump starts, flat tire changes (when a spare is available) and lock-out assistance (when the key is in the vehicle). You’ll be responsible for the costs of the dispatch and roadside assistance, paying a pre-negotiated price per service call.
Travel & Emergency Assistance 24/7 assistance for emergency travel arrangements, travel issues, medical and legal referrals and more.
How to file a claim:
To file a claim, call (866) 918-4670 as soon as possible to make use of the rental car insurance or within 60 days for the travel accident insurance. Citi will advise you what documents should be submitted with your claim form. Alternatively, you can visit citi.com/Costco to download a claim form for submission.
Ultimately, you have to return the claim form and all requested documents within 180 days of the incident. Citi will notify you of its decision once they have processed your claim.
Keep in mind that all types of Costco Credit Card travel insurance have a lot of fine print, so be sure to read your card’s benefits guide to see coverage exclusions.
Citi Costco Anywhere Visa trip cancellation & interruption insurance was discontinued on September 22, 2019. Citibank dropped the travel benefits from all of its credit cards then, not just the Costco Visa card’s trip cancellation/interruption benefit.
There are credit cards that still come with trip cancellation and interruption insurance, though not from Citibank. One such card with this benefit is the Chase Freedom card. It offers up to $1,500 in coverage per person and up to $6,000 per trip for you and your immediate family members. It kicks in when your fully-paid, nonrefundable passenger fare is cancelled or interrupted due to covered situations like illness or injury.… read full answer
The Costco Credit Card’s rental car insurance will cover most car rentals purchased with the card, as long as you decline any insurance offered by the rental agency. If the car is damaged or stolen, you’re covered for up to $50,000 in either repair costs or the cash value of the car (whichever turns out to be less). And because this benefit is free with the Costco Credit Card, it’s a lot cheaper than the rental car insurance offered by the rental agency.… read full answer
Here's how the Costco Credit Card rental car insurance works:
When it applies: It applies to rentals of up to 31 days that were paid for with the Costco Credit Card.
What is covered: Covered issues include damage due to an accident, natural disaster, or vandalism; or theft of the vehicle. Towing expenses to the nearest collision center are also covered. The Costco Credit Card rental car insurance covers rentals worldwide. Outside of the U.S., the rental car coverage is considered primary insurance, which means it covers the car before any other insurance policy takes effect.
What is not covered: Costco Credit Card rental car insurance does not cover rentals used as a “car for hire,” rentals from peer-to-peer car sharing companies, or damage done by operating the car in a way that violates the rental agreement. It also won’t cover bodily injury expenses.
If you need to file a claim, call (866) 918-4670 as soon as possible after your rental car is damaged or stolen. You can also download a claim form online.
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