How does the Bank of America Travel Rewards rental car insurance work?
The Bank of America® Travel Rewards credit card rental car insurance covers damage, theft, loss of use and towing charges for any rental car paid for with the Bank of America Travel Rewards credit card. It's a free benefit that pays up to the actual cash value of a rented vehicle.
It is worth noting that Bank of America does not directly provide the rental car insurance on its cards. However, Bank of America Travel Rewards credit card may offer rental car insurance as part of the Visa Signature benefits, but it is not guaranteed. So, make sure to check the guide to benefits that came with your card to see which perks are included.
Here's how the Bank of America Travel Rewards credit card rental car insurance works:
- How to use the coverage: The cardholder must decline the rental agency's insurance and pay for the entire rental with the Bank of America Travel Rewards credit card.
- Coverage amount: Up to the actual cash value of the rented vehicle.
- Coverage costs: Bank of America Travel Rewards credit card rental car insurance covers theft, damage, valid loss-of-use and reasonable towing charges.
- How long you're covered: The benefit covers domestic rentals up to 15 consecutive days.
- Coverage for rental vehicles in another country: Rental car insurance covers eligible cardholders for 31 days for rentals in another country. Coverage does not apply to vehicles rented in Israel, Jamaica, Northern Ireland and the Republic of Ireland.
- Coverage exclusions: Bank of America Travel Rewards credit card rental car insurance does not cover certain types of vehicles and situations. It does not cover damage to other vehicles, property or personal injuries. Coverage also does not apply to cargo vans, trucks, motorcycles or several other types of vehicles. And you won't be covered for any damages caused by drunk or reckless driving, among other situations.
Bank of America Travel Rewards credit card Rental Car Insurance Claims
To file a Bank of America Travel Rewards credit card rental car insurance claim, call the Benefit Administrator (800) 348-8472. You will need to submit the claim form, along with any requested supporting documents within 90 days. You should receive payment from the Benefits Administrator within 15 days after receipt of all documents and the validation of your claim.