You can enroll your American Express cards in this program and every time you rent a car with American Express, it charges you $25 per rental (not day) for this service.
The way it works is (from the website):
- Coverage automatically extends to your other eligible Accounts when you enroll one of your American Express Card Accounts (e.g. excludes Corporate Cards). Note from Jeanne: Pay attention to this one so you don’t accidentally use the $25 when you don’t mean to on a second AmEx card.
- Covers most vehicles typically available from a Rental Company.
So when would you use this?
If you are an insured driver, you may want to consider using this. The Ink Cards (plus a few others) act as primary coverage when traveling for business purposes.
But what if you are traveling for fun? On many cards, like the Chase Sapphire Preferred, the coverage kicks in a secondary which means your insurance is notified, your deductible gets paid, and your insurance rate may go up.
The one time $25 fee of this benefit covers you for the length of your trip as primary coverage. This means if you are in an accident, the damage is covered by your AmEx. The damage to other cars or property are not covered, so please make sure you have liability coverage, either through your insurance or the rental company.
My husband has been an insured driver and has been using the AmE
x coverage when he takes personal trips. It eliminates the worry about dealing with insurance in case of an accident or theft, and the $25 isn’t too cost prohibitive.
If you are in an accident with a rental through AmEx, they require that you notify them immediately. Do not wait until after you return the car.
Warning: There’s an info-graph going around about AmEx’s coverage that incorrectly states liability is covered through this. It is not.