Protection obtained via bank card advantages associated to car leases affords monetary safety towards harm or theft of the rented car. For example, if a renter makes use of a selected bank card to pay for the rental and declines the rental firm’s collision harm waiver (CDW), the bank card’s insurance coverage profit might cowl the prices related to repairing or changing the car whether it is broken or stolen.
Such a protection can present important monetary benefits, probably saving people from incurring substantial out-of-pocket bills within the occasion of an accident or theft. Traditionally, these advantages had been launched as a value-added characteristic to reinforce the attractiveness of bank card choices and supply cardholders with a handy different to buying supplemental insurance coverage from rental firms.
