How does the HSBC Premier World credit card rental car insurance work?

The HSBC Premier World Credit Card rental car insurance covers you up to the actual cash value of the vehicle in the event of collision or theft. To get the coverage, you must decline the rental agency’s insurance and pay for the rental entirely with your HSBC Premier World Credit Card.

What to Know About HSBC Premier World Credit Card Rental Car Insurance

Coverage Amount. Up to the cash value of the vehicle.

File Claims for Domestic Rentals Through Primary Insurance First. The HSBC Premier World Credit Card rental car insurance benefit provides secondary coverage for domestic rentals up to 31 days, so you will have 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 the United States, coverage is primary and lasts for up to 31 days.

Not All Vehicles Or Incidents Are Covered. The HSBC Premier World Credit Card rental car insurance benefit does not cover vans, trucks, motorcycles, and any other vehicles with less than 4 wheels. Coverage also does not apply to certain incidents such as wear and tear, mechanical breakdowns and non-accidental damage.

You can file a claim online or you can call the Benefit Administrator at (800) 627-8372 within 60 days of the incident.