Do You Really Get Rental Car Insurance Through Your Credit Card?
One perk of having a credit card is that many offer additional insurance coverage when you rent a car. This is typically known as a "collision damage waiver," which may cover some of the financial losses when you return a damaged rental car.
That said, not all losses are covered, and some cards offer better rental car insurance than others. Here's the skinny on rental car insurance provided by a credit card.
Renting a car can actually be a pretty big financial risk. As a renter, you're not only responsible for paying to fix any damage to the car, but you're also on the hook for any "loss of use" costs that are incurred while the car waits for repair.
Source: Fool.com
