Inquiry regarding third-party liability insurance on credit cards
💸 moneyproduct problemSingle report ●●●●●
A credit card user is asking if any credit cards provide third-party liability insurance for rental cars, as standard rental collision damage waivers exclude coverage for damage to other vehicles, property, or bodily injury.
What people do today
- Purchasing liability insurance from the rental car company
- Relying on personal auto insurance policies
- Purchasing non-owner auto insurance policies
🔧 Fix this
Ideas a builder, maker or community group could start on:
- A comparison tool that filters credit cards specifically by the inclusion of third-party liability coverage for rentals
- A specialized insurance product or rider that provides secondary liability coverage for credit card holders renting vehicles
- A policy advocacy campaign to require credit card issuers to disclose the lack of liability coverage more prominently
Real voices
“CDW explicitly excludes damage caused to other vehicles, property damage, or bodily injury inflicted on third parties in an accident.”
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