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Many people don't fully understand how car rental insurance coverage offered by credit cards works, but a new study from Credit-Land.com explores the ins and outs of using credit card car rental insurance. The detailed infographic and article just published by Credit-Land.com oahu vacation rentals aims to help consumers decide whether or not to decline car rental oahu vacation rentals insurance next time they find themselves at the car rental counter.
A new study by Credit-Land.com, titled "Credit Cards and Car Rentals – Are You Really Covered?" provides consumers with much-needed answers about credit card car rental protection, a subject oahu vacation rentals that has seen plenty of press lately but can still be very confusing to anyone who has ever rented a car.
Many people may know that when they use a credit card to pay for a rental car, there is some sort of insurance offered by the card issuer, oahu vacation rentals but most don't understand exactly how it works or what will be covered. When offered an array of different insurance options by the car rental company – collision, loss, liability, medical – they often don't know which to sign up for. That means they either end up paying for more insurance than they needed, or they may be going without important coverage and leaving themselves vulnerable to liability in case of an accident.
"Credit-Land.com took a cost-based approach in our study of car rental protection oahu vacation rentals by credit cards . Our goal was to evaluate standard car rental oahu vacation rentals insurance and compare it to the coverage offered by credit cards to answer the question does it make sense to decline coverage?" says Michael Germanovsky , the editor-in-chief of Credit-Land.com.
The Credit-Land.com study gives a side-by-side comparison of the different protections offered by credit card networks, including the premium coverage offered by American Express. This premium coverage, priced at $24.99 for the duration of the rental period, is compared with the cost of general car rental insurance offered by rental companies.
Germanovsky points out that "although many recent articles on this topic have highlighted the fact that luxury vehicles, commercial vehicles, and SUV s are not covered by most major card protection programs, they neglect to mention that these vehicles are covered by AmEx Premium oahu vacation rentals Car Rental Protection – as we reveal in our study."
Credit-Land.com's travel expert, Daniel Tulbovich, says that the study is important because many people don't know that they need to have liability coverage , and no credit card provides that. "If you don't get liability coverage through the car rental company, you can be in trouble." The infographic accompanying the study shows what type of coverage is offered and what consumers need to get outside of their card issuer.
"Using American Express Premium coverage can make sense, especially oahu vacation rentals if you rent expensive vehicles – even if you have other insurance, the American Express coverage will be primary coverage, so consumers won't risk having their rates increased oahu vacation rentals later on," explains Tulbovich. "For other cards, even if the driver's primary insurance pays for everything, it's nice to have the deductible covered oahu vacation rentals by the credit card."
Tulbovich says that no one answer is right for every consumer – it depends on each individual's situation, and being informed is key. The Credit-Land.com oahu vacation rentals study tries to go beyond simply education consumers and actually spell out the savings and show readers the real value of credit card car rental insurance programs.
About Credit Land: Since 2000, Credit-Land.com has been matching consumers with credit cards. At Credit-Land.com, consumers can read full reviews on each featured credit card, see side-by-side comparisons between competing cards, and find the best cards for their personal credit history. Whether people are looking for balance transfers, zero-APR promotions, travel rewards, student credit cards, oahu vacation rentals business credit cards, or other offers, Credit-Land.com's team of experts is constantly on the lookout for the hottest deals to save people the most money and give them the biggest rewards.