What credit cards offer collision damage waivers?

All Chase credit cards offer rental car insurance in Jamaica and my top picks for travel are the Chase Sapphire Preferred and Chase Sapphire Reserve.

Jamaica is actually one of the most common exclusions among credit card rental car insurance policies, but Chase offers global coverage.

To qualify, decline the rental company's collision damage waiver (CDW/LDW), be the primary renter of the car and pay for the car in full with the card that provides the protection.... read full answer

You can find out more and compare the coverage offered by the most popular credit cards here.

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.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Wells Fargo credit card rental car insurance covers you up to $50,000 when you pay for the entire rental with your Wells Fargo card and/or reward points. You must decline the rental agency’s insurance plan to be eligible for this benefit.

The Wells Fargo credit cards that offer this benefit include the Wells Fargo Active Cash and the Wells Fargo Business Platinum Credit Card, among others.... read full answer

Here’s how the Wells Fargo rental car insurance works:

• How to get it: You can get this benefit on rentals of up to 15 consecutive days in the U.S. and up to 31 consecutive days abroad. You must pay for the entire rental with your Wells Fargo card and/or reward points to be eligible.
• Coverage value: Up to $50,000 or the actual cash value of the vehicle, whichever is less.
• Additional requirement: You must decline any insurance that the rental car company offers you.
• What is covered: You’re covered for damages resulting from collision or theft, along with loss of use and towing charges.
• What is not covered: There are a few vehicle exclusions, such as large vans, trucks, antique cars, and limos, among others. Non-covered situations include intoxication, driving off road, traveling to a warzone, and more.

Only the cardholder whose name is on the Wells Fargo card used to pay for the rental is eligible to file a claim. Coverage is secondary for all Wells Fargo credit cards that have this benefit. This means it will reimburse you for any collision or theft expenses not covered by any existing car insurance policy you have.

To file a claim, call the Benefit Administrator at (800) 316-8051 or the number mentioned on your guide to benefits within 60 days of the incident. The Benefit Administrator will answer any questions and will send you a claim form. For faster filing, submit your claim online.