Noah Patel
Citibank offers rental car insurance as a free benefit on some of its credit cards. The Citi Advantage Executive Card offers rental car insurance as a free benefit, covering theft of the vehicle, or damage due to an accident, natural disaster, or vandalism, with towing expenses to the nearest collision centre also covered. Cardholders are covered up to $75,000. However, this coverage is secondary, meaning that cardholders must first file a claim with their primary insurance carrier. Coverage also does not apply to certain incidents, such as reckless driving, personal injury, or damage to other vehicles or property.
| Characteristics | Values |
|---|---|
| Type of card | Citibank Advantage card |
| Coverage | Covers theft of the vehicle, or damage due to an accident, natural disaster, or vandalism, towing expenses to the nearest collision center |
| Coverage amount | Up to $50,000 |
| Coverage period | For car rentals of less than 31 days |
| Coverage location | No geographic limits |
| Type of vehicle | Four-wheel vehicle designed for paved roads |
| Exclusions | Coverage does not include personal injury to the driver or others in the car, damage to other cars, people, or personal property |
| Filing a claim | Call 1-866-506-5222 or visit the card’s benefits website to obtain a claim form |
| Time limit for filing a claim | Submit the claim form and supporting documents no later than 180 days after the incident |
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What You'll Learn
The Citi Advantage Executive Card offers rental car insurance as a free benefit
To get the coverage, a cardholder must decline the rental agency's insurance and pay for the rental entirely with a Citi Advantage Executive Card or miles rewards. Coverage Amount. It's important to note that this insurance is secondary coverage, which means that you would need to rely on any other insurance policy you have first. In the case of rentals of less than 31 days, this insurance will protect eligible cardholders when renting a four-wheel vehicle designed for paved roads.
The Citi Advantage Executive Card rental car insurance benefit provides secondary coverage for domestic rentals up to 31 days, so you will need to file a claim through your primary insurance carrier first if you have one. Coverage is primary when abroad.
It's important to understand the limitations of this insurance. Coverage does not include personal injury to the driver or others in the car, nor does it cover damages to other vehicles or property. Additionally, any use of drugs or alcohol when driving would negate the car rental insurance benefit. To file a claim, cardholders can call the Benefit Administrator or visit the card's benefits website to obtain a claim form.
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Cardholders are covered up to $75,000
The Citi Advantage Executive Card offers rental car insurance as a free benefit. This insurance covers theft of the vehicle, damage due to accidents, natural disasters, or vandalism, and towing expenses to the nearest collision repair facility. Cardholders are covered up to $75,000.
To get coverage, cardholders must decline the rental agency's insurance and pay for the rental entirely with a Citi Advantage Executive Card or miles rewards. Coverage is provided for car rentals of less than 31 days and applies to four-wheel vehicles designed for paved roads. It is important to note that this insurance is secondary coverage, meaning that it pays eligible benefits not paid by any primary insurance that the cardholder has. In the United States, this insurance would cover anything that the cardholder's primary insurance plan doesn't cover, while it acts as primary coverage when abroad.
It is worth mentioning that this insurance does not cover certain incidents, such as rentals used as "car for hire" or when the rental car agreement is violated. It also does not cover bodily injury expenses or personal items within the car. Additionally, any deductibles would be the responsibility of the renter. To file a claim, cardholders can call the Benefit Administrator or submit a claim form along with supporting documents within 180 days of the incident.
While the Citi Advantage Executive Card offers rental car insurance, it is important to carefully review the terms and conditions provided by Citi to fully understand the coverage and any exclusions or limitations.
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Coverage includes theft, damage, natural disasters, and vandalism
The Citi Advantage Executive Card offers rental car insurance as a free benefit. This insurance covers theft of the vehicle, or damage due to an accident, natural disaster, or vandalism. Towing expenses to the nearest collision repair facility are also covered. Cardholders are covered up to $75,000.
To get the coverage, a cardholder must decline the rental agency's insurance and pay for the rental entirely with a Citi Advantage Executive Card or miles rewards. Coverage is only provided for car rentals of less than 31 days, and the insurance is secondary in the US, meaning that you would need to rely on any other insurance policy you have first. Any deductibles would be the renter's responsibility, too.
When renting a car, insurance can protect you in the event of damage or an accident. While car rental companies offer a host of protection options, you may not need them if your credit card offers similar benefits. Using a credit card to insure your rental could save you money, especially since the insurance offered by rental companies can cost $30-60 per day.
It is important to note that the coverage does not include personal injury to the driver or others in the car, damage to personal items within the car, or damage to other cars, people, or personal property. Additionally, any use of drugs or alcohol when driving would negate the car rental insurance benefit.
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Coverage is only valid for 31 days
The Citi Advantage Executive Card offers rental car insurance as a free benefit. This insurance covers theft of the vehicle, damage due to an accident, natural disasters, or vandalism, and towing expenses to the nearest collision centre. Coverage is only valid for 31 days and cardholders are covered up to $75,000.
To obtain coverage, cardholders must decline the rental agency's insurance and pay for the rental entirely with a Citi Advantage Executive Card or miles rewards. Coverage is not available for ride-sharing companies that allow individuals to rent out their personal vehicles. This policy does not cover some vehicles, such as off-road vehicles, limousines, and antique cars.
It is important to note that this insurance is secondary, meaning that you would need to rely on any other insurance policy you have first. In the United States, Citi's car rental plan would cover anything that your other insurance plan doesn't. Any deductibles would be the responsibility of the renter.
When filing a claim, cardholders must call the Benefit Administrator or visit the card's benefits website to obtain a claim form. The claim form and any requested supporting documents must be submitted within 180 days of the incident.
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Primary insurance must be filed first for domestic rentals
When it comes to rental car insurance, Citibank offers coverage only on select credit cards. The Citi®/AAdvantage® Executive World Elite Mastercard®, for instance, provides rental car insurance as a complimentary benefit. This insurance covers theft of the vehicle, damage due to accidents, natural disasters, or vandalism, and towing expenses to the nearest collision centre. Cardholders are covered up to $75,000.
To avail of this coverage, cardholders must decline the rental agency's insurance and pay for the rental entirely with their Citi AAdvantage Executive Card or miles rewards. Notably, this coverage provides secondary coverage for domestic rentals, meaning that for rentals within the country, primary insurance must be filed first.
In the context of rental car insurance, secondary coverage implies that your personal auto insurance takes precedence and must be utilised first in the event of a claim. Only if there are remaining costs not covered by your primary insurance will the secondary coverage from Citibank come into effect. This secondary coverage can help cover expenses that your primary insurance doesn't, such as collision damage to the rented vehicle, thereby providing an additional layer of protection.
It is important to note that certain exclusions and limitations apply to Citibank's rental car insurance. For example, it does not cover injuries to the driver, passengers, or other individuals, nor does it cover damage to other vehicles or property. Additionally, the coverage is not applicable if the vehicle is used recklessly or in a manner contrary to the manufacturer's intended use.
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Frequently asked questions
The Citi Advantage Card does not offer rental car insurance. However, there are other Citi credit cards that do have this benefit, covering damages incurred from covered accidents or theft.
Examples of eligible cards include the Citi / AAdvantage Business World Elite Mastercard and the Citi / AAdvantage Executive World Elite Mastercard.
Citi's rental car insurance covers the cost to repair the rental car or the actual cash value of the rental car, whichever is less. Reasonable towing expenses to the nearest collision repair facility are also covered.
Cardholders are covered up to a pre-set amount, typically $50,000, towards the cost of repairs or the cash value of the car, whichever is less.
To file a claim, cardholders can call 1-866-506-5222 or download the form online at cardbenefits.citi.com. Be sure to have the car rental agreement, photos of the damage, and any other requested documents.
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