How Chase Sapphire Preferred Rental Car Insurance Saved me over $700!

I actually have continually questioned about the condo automobile coverage that comes along with your credit card and the way well it’d really paintings in case you needed it.   Well, as success would have it, I become capable Sapphire Sapphire of placed the  coverage query to the take a look at on a recent journey to Florence, Italy in which Sapphire my Chase Sapphire Preferred Rental Car Insurance stored me over $seven hundred on a fender bender…

Putting Chase Sapphire Rental Car Insurance to the take a look at…

I had nearly made it.  We were on our manner to the Avis condo vehicle lot at the airport, having completed a outstanding 2 day drive through the Tuscan countryside, which might be the satisfactory riding experience I actually have ever had.  Driving a manual transmission through the winding hillside roads and villages of Tuscany.  I distinctly endorse it!

However, riding across the Florence airport is anything but relaxing.  Traffic can get very congested and the signs and symptoms main to the condo car return and not well marked.

As we have been coming near the airport, I made a wrong develop into the airport emergency vehicle lot.  The entrance become blocked, so I idea I could simply put it in reverse and get back on the street.  But…..I didn’t see the concrete barrier at the back of me and bumped proper into it…

Darn it!  I become minutes away from a perfect driving report in Italy…

Oh well… I finally discovered my manner to the condominium vehicle go back and informed the man at Avis approximately the incident.  He fast revealed out my receipt with a harm estimate.  Apparently the rental automobile groups have a list of predetermined charges for numerous varieties of damage.  In this situation, Rear Bumper Damage is 439 Euro + 20% VAT tax (making that a $seven hundred bone-headed pass!)

Luckily, I paid for the condo with my Chase Sapphire Preferred Card and waived the coverage from Avis, since the Sapphire Preferred card comes with Auto Rental Collision Damage Waiver.

Why I used my Chase Sapphire Preferred Card for this rental:

I chose to use my Chase Sapphire Preferred credit score card to pay for the automobile rental for two motives:

1. No Foreign Transaction Fees:This is a fantastic advantage for worldwide travelers.  It will save you from having to pay the three% surcharge placed on global credit card transactions.

2. Auto Rental Collision Damage Waiver:The Chase Sapphire Preferred Rental Car Insurance characteristic provides coverage, at no extra price, for damage because of collision or robbery while you price the entire apartment in your included card and decline the collision damage waiver provided by means of the apartment coverage.

I need to admit that I became a bit skeptical in the event that they would sincerely honor the coverage.

It took a bit whilst, but they covered it!

Chase Sapphire Preferred Rental Car Insurance: The Claims Process

September 30 – Date of the Accident

October 1 – I returned domestic and referred to as Chase.  They certainly redirected me to Visa, as it’s miles simply Visa that covers the declare, no longer Chase.  Visa requested me to fill out an “Auto Rental Collision Damage Waiver Benefit Claim Form” – via Eclaims.com.  They stated that upon their receipt of this completed report, they would get lower back in contact with me regarding subsequent steps.

November 2 – I acquired the following letter from Visa, indicating the closing records this is needed to finalize my claim.

November 2 – December 15 – It took me a touch while to accumulate all of this records.  I had to call the Avis worldwide customer service number to get the applicable repair information and incident file, but they ultimately got it for me.

January 16 – I get an electronic mail stating that I will get a credit on my upcoming Visa assertion for the damage.  They blanketed everything.   I went to my Chase.com account and noticed that the credit score for the declare in reality published at the same day I obtained this electronic mail.

Saved by means of my card!  The Chase Sapphire Preferred Rental Car Insurance Coverage is the actual deal!!

Overall it turned into a piece of a ache to undergo all of the paperwork associated with making the claim.  But the truth is, I screwed up and they blanketed me.  Going ahead I will always make sure to apply my Chase Sapphire Preferred Card for any international automobile rental.

Key Point – Check together with your credit score card issuer to look in the event that they provide Primary or Secondary Insurance for the automobile.  This makes a huge difference and also you need to be aware of the consequences.

Primary coverage is right, Secondary coverage in reality only covers you beyond what your “number one coverage company”  (your car insurance issuer) is willing to cover OR if the primary insurance doesn’t practice (such as on global trips).

In my case, this became an international journey, so Visa acted as my primary insurance.

Other vital things to understand approximately Chase Sapphire Preferred Rental Car Insurance:

Here are a few other regularly requested questions and crucial things to recognise while filing a claim using your Chase Sapphire Preferred Rental Car Sapphire Insurance.

What is the Auto Rental Collision Damage Waiver (“CDW”) associated with my Chase Credit Card?

Auto Rental Collision Damage Waiver advantage is a card gain made to be had to you at no extra cost which applies whilst you operate your covered card to initiate and complete a rental vehicle transaction.  The benefit provides Sapphire compensation for:

Physical damage and robbery of the protected condominium automobile.Valid loss-of-use charges imposed and substantiated via the rental organisation. (This is a fee that the rental enterprise fees whilst the vehicle is out of carrier due to damage).Reasonable and customary towing charges, due to a protected loss, to the closest qualified restore facility.Reasonable administrative prices charged by means of the rental corporation.Does this waiver require a deductible?

No, there may be no deductible.

What steps do I want to take to make certain that Auto Rental CDW (i.e. The Chase Sapphire Preferred Rental Car Coverage)is in impact after I hire a automobile ?

This is very essential!  Here’s what you want to do:

Initiate and whole the entire apartment transaction the usage of your card that is eligible for the advantage.Decline the apartment business enterprise’s collision harm waiver or similar provision if it’s far supplied to you. The corporation may additionally discuss with the collision harm waiver as CDW or LDW in their settlement or when speaking with you.

If you receive the collision harm waiver offered with the aid of the condominium corporation, you’ll now not be eligible for Auto Rental CDW.

What styles of Vehicle are blanketed underneath the Chase Sapphire Preferred Rental Car Insurance Policy?

While the advantage is designed to cowl most condominium motors, a few exclusions do apply. The following kinds of motors are excluded in all places and on all card kinds: vintage vehicles; cargo vans; positive vehicles; automobiles with an open cargo bed; vehicles; motorcycles; mopeds; motorbikes; limousines; and leisure vehicles.

Certain cards additionally exclude luxurious or wonderful motors. Examples of costly or unique vehicles are the Alfa Romeo, Aston Martin, Bentley, Corvette, Ferrari, Jaguar, Lamborghini, Lotus, Maserati, Maybach, McLaren, Porsche, Rolls Royce, and Tesla. However, decided on fashions of Audi, BMW, Mercedes-Benz, Cadillac, Infiniti, Land Rover, Lexus, Lincoln, and Range Rover are included, which might also vary relying on place of apartment.

An vintage car is defined as one that is over twenty (20) years antique, or one that has no longer been synthetic for ten (10) years or more.

Vans aren’t included. But those designed as small-organization transportation automobiles (seating up to 9 (9) people, consisting of the motive force) are included.

If you have questions about whether coverage would follow to a selected automobile you have got rented or are considering renting, we urge you to call the Benefit Administrator at 1-800-348-8472.

What sort of conditions aren’t blanketed underneath the Chase Sapphire Preferred Rental Car Policy?

It is critical to understand what is not blanketed underneath the damage waiver.  Some of the extra common exclusions are indexed under:

Any duty You anticipate underneath any settlement (other than the deductible on Your non-public vehicle policy)

Any violation of the car condominium settlement or this benefit

Injury of anyone, or harm to whatever, interior or out of doors the Rental Vehicle

Loss or theft of personal belongings

Personal liability

Expenses assumed, waived, or paid by means of the car apartment corporation, or its insurer

The price of any coverage, or collision damage waiver, presented by or bought through the auto condominium corporation

Depreciation of the Rental Vehicle caused by the incident inclusive of, however now not limited to, “faded price”

Expenses reimbursable by means of Your insurer, business enterprise, or enterprise’s coverage

Theft or harm due to intentional acts, or due to the driver(s) being under the have an effect on of alcohol, intoxicants, or tablets, or because of contraband, or illegal activities

Wear and tear, gradual deterioration, or mechanical breakdown

Items no longer installed by the original producer

Damage because of off-street operation of the Rental Vehicle

Theft or damage because of hostility of any kind (along with, but no longer limited to, struggle, invasion, revolt, insurrection, or terrorist sports)

Confiscation by means of authorities

Vehicles that do not meet the definition of included vehicles

Leases and mini rentals

Theft or damage as a result of the legal driving force’s and/or cardholder’s loss of reasonable care in shielding the Rental Vehicle before and/or after damage or robbery happens (as an example, leaving the car strolling and unattended)

Theft or harm reported extra than forty-five (45) days* after the date of the incident (This time-frame may additionally vary relying on the terms and situations of your card. Please seek advice from your Guide to Benefits supplied to you through your Issuing Bank).

Theft or harm from condominium transactions that originated in Israel, Jamaica, the Republic of Ireland, or Northern Ireland (This does now not follow to all Cards so please call the Benefit Administrator to determine if this exclusion applies in your Card).

Answers to extra questions about the Chase Sapphire Preferred Rental Car Insurance Policy may be found here.

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