Apple Card is a credit card designed by Apple Inc. in collaboration with Goldman Sachs. It was introduced in 2019 and offers cashback rewards, no annual fees, and a seamless integration with the Apple Wallet app. One of the benefits of using Apple Card is the rental car insurance coverage that comes with it. In this article, we will dive into the details of Apple Card rental car insurance, including how it works, what it covers, and how to use it.
How Does Apple Card Rental Car Insurance Work?
When you use your Apple Card to rent a car, you are automatically eligible for rental car insurance coverage. This coverage is provided by Mastercard, which is the payment network that Apple Card uses. The coverage is secondary, which means it kicks in after your primary insurance policy. If you don't have a primary insurance policy, the coverage becomes primary.
In order to be eligible for this coverage, you must decline the rental car company's collision damage waiver (CDW) or loss damage waiver (LDW). These waivers are optional insurance policies that the rental car company offers to cover damages to the rental car. By declining these waivers and using your Apple Card, you activate the rental car insurance coverage provided by Mastercard.
What Does Apple Card Rental Car Insurance Cover?
Apple Card rental car insurance covers physical damage and theft of the rental car, as well as reasonable loss of use charges imposed by the rental car company while the car is being repaired. It also covers towing charges, but only if the car is inoperable. The coverage is limited to the actual cash value of the rental car and does not include liability coverage, which is required by law in most states.
It's important to note that the coverage is subject to certain exclusions and limitations. For example, it does not cover damages to other vehicles or property, injuries to people, or damages incurred while driving off-road or while violating the terms of the rental agreement. It also does not cover rental periods that exceed 31 consecutive days.
How to Use Apple Card Rental Car Insurance
If you need to file a claim under Apple Card rental car insurance, you should first contact the rental car company and your primary insurance provider, if applicable. You should also contact the Mastercard Assistance Center at 1-800-MC-ASSIST (1-800-622-7747) to report the claim and obtain the necessary claim forms.
You will need to provide documentation to support your claim, such as the rental agreement, the police report (if applicable), and any repair estimates or invoices. You should also keep copies of all correspondence and documents related to the claim.
Tips for Using Apple Card Rental Car Insurance
Here are some tips to help you make the most of your Apple Card rental car insurance coverage:
- Read the rental agreement carefully and make sure you understand the terms and conditions before declining the CDW or LDW.
- Use your Apple Card to pay for the rental car and decline the CDW or LDW to activate the coverage.
- Keep all documentation related to the rental car and the insurance coverage in a safe place.
- Report any damages or accidents to the rental car company and your primary insurance provider as soon as possible.
- Contact the Mastercard Assistance Center at 1-800-MC-ASSIST (1-800-622-7747) if you need assistance or have questions about your coverage.
By following these tips, you can ensure that you are maximizing the benefits of your Apple Card rental car insurance coverage.
Conclusion
Apple Card rental car insurance is a valuable benefit for cardholders who frequently rent cars. By using your Apple Card to pay for the rental car and declining the CDW or LDW, you can activate the rental car insurance coverage provided by Mastercard. This coverage is secondary and covers physical damage and theft of the rental car, as well as reasonable loss of use charges and towing charges. However, it is subject to certain exclusions and limitations, so it's important to read the terms and conditions carefully and understand what is covered and what is not. If you need to file a claim, make sure to follow the proper procedures and provide all necessary documentation to support your claim.
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