Can I Rely On The Rental Car Insurance Supplied By Golden/Platinum Cards?
Thousands of individuals obtain cars from car rental agencies each year, but when it comes to protecting themselves financially while in possession of the car, many individuals have questions about the best way to protect themselves. One of the biggest questions that may be on their mind is whether the rental car insurance supplied by their golden or platinum credit cards is adequate protection against damage or theft of the rental car. Many individuals decline the rental car insurance offered by the rental car company because they believe that the insurance offered by their credit card is enough to handle any issue that may arise. So are they correct?
The short answer is that it depends on the specifics of the insurance offered by the credit card company. There are many credit card companies that claim that if you rent a car using their credit card, they will provide insurance coverage for you for as long as you have the car. For many individuals, this seems like adequate protection for any instances where they need to rent a car. The problem occurs when the individuals fail to read the...
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