What to know about Chase for Business® Auto Rental Coverage
Quick insights
- Some consumer and business credit cards offer rental car insurance as a benefit for cardmembers.
- The coverage is usually an auto rental collision damage waiver, which provides reimbursement for damage due to collision or theft.
- Chase for Business credit cards provide Auto Rental Coverage as part of their cardmember benefit program.
Auto Rental Coverage is one example of a credit card benefit that comes with certain business and consumer credit cards. If you’re a Chase for Business® cardmember, you get a form of rental car coverage as a benefit. The coverage could allow you to avoid paying your auto insurance deductible if your rental car is damaged. Note that some Chase business cards have an annual fee.
Read on to learn about Auto Rental Coverage through Chase for Business credit cards.
Auto insurance protection with a credit card
Credit cards may come with pros and cons. One pro is that some credit cards like Chase Ink and consumer credit cards give their cardmembers access to Auto Rental Coverage. The cards that offer this protection often fall into the travel rewards card category.
The coverage is typically an auto rental collision damage waiver, which may reimburse you for theft or collision damage. To be eligible for this coverage, you will need to decline the rental company’s collision insurance and charge the entire cost of the rental to your card.
Sometimes this is offered as a form of secondary coverage, which means it pays out after your personal auto insurance. You’ll need to first file a claim with your auto insurer, and once it pays out, you’ll submit a claim through the credit card’s insurance. The secondary protection could potentially pay for expenses like your insurance deductible or other costs not covered by your insurer. A select few credit cards—including Chase Ink—offer primary coverage.
Auto Rental Coverage is often the most expensive insurance that rental car companies offer. A credit card with this car rental protection typically allows you to skip this purchase.
How primary car rental insurance coverage works with a credit card
Some credit cards provide Auto Rental Coverage that serves as primary coverage. Primary coverage may be valuable because it allows you to bypass your auto insurance and pays for eligible damage to your rental car. You typically won’t need to involve your insurer or pay your insurance deductible. That could potentially help you avoid a rising insurance premium.
In some cases, secondary credit card coverage may become primary coverage. For example, if you don’t have an auto policy or your rental isn’t covered by your policy, your secondary credit card coverage could become your primary coverage.
Since coverage can vary among credit cards, you may want to call the number on the back of your credit card or review the card’s Guide to Benefits to find out what’s included.
Chase for Business car rental insurance benefits
As a complimentary benefit, Chase for Business credit cards offer Auto Rental Coverage that provides primary coverage. That means that you can file a claim directly through your Chase coverage without first submitting it to your personal auto insurer.
You’ll need to use the car for business purposes, decline the rental company’s coverage and pay for the rental with your card to be eligible. This benefit may provide reimbursement for eligible theft or collision damage.
This coverage is one of many ways a business credit card could benefit you. If you think this cardmember benefit could help your business, it might be a good first step to learn how to apply for a business credit card.
How to file a Chase for Business Auto Rental Coverage claim
If theft or damage occurs, report your claim to the benefit administrator as soon as reasonably possible but no later than 100 days from the date of the incident. Visit chasecardbenefits.com to begin the process of filing a claim. You can find the benefit administrator’s contact information by reviewing the Guide to Benefits or contacting the number on the back of your credit card.
You’ll likely need to submit documentation with your claim. Here are some of the documents you could be asked to provide:
- Copy of the accident report form
- Copy of the initial and final Rental Car Agreement (front and back)
- Copy of the repair estimate and itemized repair bill
- Two photographs of the damaged Rental Vehicle, if available
If you’re a business owner interested in credit card rewards, perks and benefits, such as Auto Rental Coverage, explore these Chase business credit cards to find an option that aligns with your business needs.
In summary
Some consumer and business credit cards provide Auto Rental Coverage as a travel benefit. A percentage of these cards, including Chase for Business cards, offer this insurance as primary coverage. That means cardmembers may not need to involve their insurer or pay a deductible if eligible damage occurs.
