Chip Lupo, Credit Card Writer
TD Bank only offers rental car insurance as a free benefit on some of its credit cards, including the TD Business Solutions Credit Card. TD Bank rental car insurance covers theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees and reasonable and customary towing charges. Cardholders are covered up to the actual cash value of most rented cars. To get the coverage, a cardholder must decline the rental agency’s insurance and pay for the rental entirely with a TD Bank credit card.
Notable TD Bank Credit Cards With Rental Car Insurance
Key Things To Know About TD Bank Rental Car Insurance
- Coverage Amount. Up to the actual cash value of most rented cars.
- How Long You’re Covered. The TD Bank rental car insurance benefit covers domestic rentals up to 31 days.
- Coverage For Rental Vehicles in Another Country. TD Bank rental car insurance covers eligible cardholders for 31 days when renting vehicles in another country.
- Not All Vehicles Or Incidents Are Covered. TD Bank rental car insurance does not cover expensive, exotic, or antique cars, cargo vans, recreational vehicles, and others. Coverage also does not apply to certain incidents such as injury of anyone inside the rental vehicle, loss or theft of personal belongings, theft or damage due to intentional acts or due to the driver being under the influence of intoxicants, and more.
TD Bank Rental Car Insurance Claims
To file a TD Bank rental car insurance claim, call the Benefit Administrator at 1-800-348-8472 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 copy of the accident report form, a copy of the entire auto rental agreement, or a copy of the repair estimate or itemized repair bill, among others – no later than 90 days after the incident. You should receive payment from the Benefits Administrator within 15 days after receipt of all documents and the validation of your claim.
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