HSBC offers rental car insurance as a free benefit on all HSBC-branded credit cards. HSBC rental car insurance covers theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees and reasonable and substantiated by the auto rental company, administrative fees and reasonable and customary towing charges. Cardholders are covered up to the actual repair amount, the wholesale market value less salvage and depreciation, or the rental agency’s purchase invoice less salvage and depreciation. To get the coverage, a cardholder must decline the rental agency’s insurance and pay for the rental entirely with an HSBC credit card or points.
Notable HSBC Credit Cards That Offer Rental Car Insurance
Key Things To Know About HSBC Rental Car Insurance
Coverage Amount. Up to the actual repair amount, the wholesale market value less salvage and depreciation, or the rental agency’s purchase invoice less salvage and depreciation.
File Claims for Domestic Rentals Through Primary Insurance First. The HSBC rental car insurance benefit provides secondary coverage for domestic rentals of up to 31 days, so you will need to file a claim through your primary insurance carrier first, if you have one.
Coverage Is Primary When Renting Vehicles Abroad. If you’re renting a vehicle outside of your home country, coverage under the HSBC Premier World Credit Card card rental car insurance benefit is primary and lasts for up to 31 days.
Not All Vehicles or Incidents Are Covered. HSBC rental car insurance does not cover all trucks, pickups, full-size vans mounted on truck chassis, cargo vans, and others. Coverage also does not apply to certain incidents such as loss of personal items stolen from the interior or exterior of rental vehicles, losses incurred due to intoxicated or reckless driving, and more .
HSBC Rental Car Insurance Claims
To file a HSBC rental car insurance claim, call the Benefit Administrator at 1-800-627-8372 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 the rental agreement, a copy of your driver’s license, a copy of the declarations page of any primary vehicle insurance, or a police report when the vehicle is stolen or involved in a collision, among others – no later than 180 days after the incident.
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