The sum is that the Chase Sapphire Preferred Damage Waiver isn’t primary, which means your primary insurance will kick in (plus whatever deductible you’d have to pay) before your Chase Sapphire Preferred covers the accident. If you are uninsured, this becomes your primary insurance and you pay $0.
I got a question asking about the Chase Ink cards–the yearly-fee business versions.
I’ve (luckily!) not had personal experience with making a claim on the Chase Ink Card, but there’s two ways to look at it.
If you are traveling for personal reasons (non-business), it will be secondary, like the Chase Sapphire. Your primary insurance will kick in first. (The exception to this is international travel. The Chase Ink will be your primary if you are outside of your country of residence).
If you are traveling for business reasons, congrats! It is primary coverage. What this means is, if you damage your rental car, you are covered (with exceptions including passenger vans and really expensive premium cars). You must waive the rental car’s damage waiver insurance for this to take effect.
Your insurance won’t get contacted and you won’t have to pay a deductible. Please note this is only for damage to your rental car. It does not cover damages to other people’s cars. You need liability covered either through your insurer or rental car agency to cover that.
Traveling for business purposes means “primarily for business,” so if you decide to pop over to a friend’s house during a business trip, that personal leg of your trip shouldn’t be excluded. (As always, read all the details, YMMV, and make sure you know all the rules before you use any rental car insurance.)