Costco Visa Rental Car Insurance

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For those who are members of Costco, the Costco Anywhere Visa Card by Citi offers a variety of benefits. One of those benefits is rental car insurance coverage. This article will provide an in-depth overview of the Costco Visa rental car insurance policy, including what it covers, how to use it, and frequently asked questions.

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What is Costco Visa Rental Car Insurance?

The Costco Visa rental car insurance policy provides coverage for damage or theft of a rental vehicle. This coverage is secondary to your personal auto insurance policy, meaning that it only kicks in after your personal policy has been exhausted. It also covers loss-of-use charges and towing fees, and has no deductible.

It is important to note that the coverage provided by the Costco Visa rental car insurance policy varies based on the country in which the rental occurs. The policy offers more coverage in the United States, while coverage in other countries may be more limited.

How to Use Costco Visa Rental Car Insurance

Using the Costco Visa rental car insurance policy is simple. When you rent a car, decline the rental company’s insurance coverage and pay for the rental with your Costco Visa card. In the event of an accident or theft, contact the rental company and the benefit administrator for assistance.

The benefit administrator can be reached by calling the number on the back of your Costco Visa card. They will provide instructions on how to file a claim and what documentation is required. You will need to provide a copy of your rental agreement, a police report (if applicable), and any other relevant documents to support your claim.

What Does Costco Visa Rental Car Insurance Cover?

The Costco Visa rental car insurance policy covers damage or theft of a rental vehicle, as well as loss-of-use charges and towing fees. The coverage is secondary to your personal auto policy, and has no deductible. In addition, the policy provides coverage for up to 31 consecutive days of rental.

It is important to note that the coverage provided by the Costco Visa rental car insurance policy varies based on the country in which the rental occurs. In the United States, the policy covers up to $50,000 in damages or theft, while coverage in other countries may be more limited.

What Does Costco Visa Rental Car Insurance Not Cover?

There are several exclusions to the Costco Visa rental car insurance policy. It does not cover:

  • Damage to other vehicles or property
  • Injuries to other people
  • Damage to the rental vehicle while driving on unpaved roads
  • Damage caused by driving under the influence of drugs or alcohol

FAQ

Does my Costco membership need to be active to use the rental car insurance?

Yes, your Costco membership needs to be active in order to use the rental car insurance provided by the Costco Visa card.

What do I do if I am in an accident while driving a rental car?

If you are involved in an accident while driving a rental car, the first thing to do is to make sure that everyone is safe and uninjured. Then, call the police to report the accident and file a report. Contact the rental car company and the benefit administrator for assistance in filing a claim.

Can I use the rental car insurance if I am renting outside of the United States?

Yes, the rental car insurance provided by the Costco Visa card can be used for rentals outside of the United States. However, it is important to note that coverage may be more limited in other countries.

Do I need to decline the rental company’s insurance in order to use the Costco Visa rental car insurance?

Yes, in order to use the rental car insurance provided by the Costco Visa card, you must decline the rental company’s insurance coverage.

How long does the rental car insurance coverage last?

The rental car insurance coverage provided by the Costco Visa card is valid for up to 31 consecutive days of rental.

Conclusion

The Costco Visa rental car insurance policy is a valuable benefit for Costco members who rent cars. It provides coverage for damage or theft of a rental vehicle, as well as loss-of-use charges and towing fees. While coverage may be more limited in other countries, the policy offers up to $50,000 in coverage in the United States. By paying for your rental with your Costco Visa card and declining the rental company’s insurance coverage, you can take advantage of this valuable benefit.

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