Chase Freedom Rental Car Insurance: Should You Buy? [2023]

Chase Freedom Rental Car Insurance

As a perk to customers, the Chase Freedom Rental Car Insurance provides rental automobile insurance. It is supplemental insurance that can kick in after any other insurance you may have, such as private auto insurance.

Mount Shine’s research shows that it is crucial to understand the terms and limitations before selecting whether to use your specific card’s rental car insurance coverage. Let us find out more about Chase Freedom Rental Car Insurance.

Chase Freedom Rental Car Insurance: Key Takeaways [2023]

Chase Freedom is a credit card that offers rental car insurance as one of its benefits. The key takeaways of the rental car insurance provided by Chase Freedom are:

Chase car rental insurance
Chase car rental insurance
  • Coverage: Chase Freedom’s rental car insurance provides coverage for both physical damage and theft of the rented car.
  • Eligibility: In order to be eligible for the coverage, you must use your Chase Freedom card to cover the entire rental fee and turn down the collision damage waiver (CDW) or equivalent insurance offered by the rental agency.
  • Exclusions: The coverage offered by Chase Freedom has several exclusions, including theft of personal belongings from the rental car and damage to the tires, motors, and undercarriages.
  • Time Limits: For domestic rentals, the coverage is restricted to 31 consecutive days, and for rentals abroad, 15 consecutive days.
  • Deductible: The Chase Freedom rental car insurance includes a $50 deductible per claim.

Read – Gabi Car Insurance Reviews 2023: Is It Worth It?

Chase Freedom Rental Car Insurance Coverage Explained [2023]

The Chase Freedom credit card offers rental car insurance coverage as part of its benefits package. This coverage provides reimbursement for damages to the rental car, up to the actual cash value of the vehicle, in case of theft or collision.

Chase car rental insurance coverage
Chase car rental insurance coverage

The coverage applies to rentals made with the card and is secondary to any personal auto insurance policy the cardholder may have. Cardholders should keep in mind that this coverage may have exclusions and limitations, such as restrictions on certain types of vehicles and geographic locations.

Related – Compare Chase Freedom Flex vs Unlimited: Which Is Best?

How To Use Chase Freedom Rental Car Insurance In 2023?

Follow these procedures to make use of Chase Freedom’s rental car insurance:

How To Use Chase Freedom Rental Car Insurance
How To Use Chase Freedom Rental Car Insurance
  • Rent a car: Pay the entire rental fee using your Chase Freedom card while renting a vehicle.
  • Refuse the rental agency’s insurance: When you hire a car, the agency will probably provide a collision damage waiver (CDW) or comparable insurance. To be eligible for the rental car insurance provided by Chase Freedom, you must decline this policy.
  • Report the damage: Immediately notify the local authorities and the rental business if you experience a covered loss, such as a theft or damage to the rental car.
  • Make a claim: To submit a claim, call the Chase Freedom customer service line and give the following details: the rental agreement, a description of the covered event, repair or replacement receipts, and a police record (if necessary).
  • Await approval: Chase Freedom will examine your claim to see if the rental car insurance policy covers it. If accepted, they will pay your damages, less the $50 deductible, back to you.

Related – Top 5 Things You Should Know About Chase 5/24 Rule

How To Claim Chase Freedom Rental Car Insurance: Complete Guide [2023]

If you want to file your claim for chase freedom car insurance then you can call on 1-888-320-9656 if you are from the United States and 1-804-673-1691 if you are calling from abroad.

How To Claim Chase Freedom Rental Car Insurance
How To Claim Chase Freedom Rental Car Insurance

Make sure to request the following paperwork from the rental company and/or other people you spoke to following the incident:

  • A duplicate of the accident report
  • A duplicate of the rental contract.
  • A duplicate of the itemized repair bill and repair estimate.
  • Two images of the wrecked car (if available).
  • Authorities say (if applicable).
  • A copy of the demand letter with a list of the fees you must pay.
  • Also, you must gather the following records for the benefits administrator:
  • Filled up and signed the form for the auto collision damage waiver.
  • Statement for credit card account showing rental car expense.
  • Letter from your insurance company detailing the sums paid and your ongoing obligations.
  • A copy of the declarations page for your primary insurance policy.
  • Any other records that the benefit administrator requests.
  • Two pictures of the damaged vehicle (if available).
  • Officials claim (if applicable).
  • A replica of the demand letter’s charging letter

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Difference Between Primary vs Secondary Chase Car Rental Insurance [2023]

When it comes to the sequence in which insurance coverage is applied in the case of a covered loss, Chase offers primary and secondary car rental insurance.

Primary vs Secondary Chase Car Rental Insurance
Primary vs Secondary Chase Car Rental Insurance

Primary Rental Car Insurance

In case of a covered loss, this insurance will pay out before any other insurance coverage. This implies that you won’t need to use your credit card’s rental car insurance coverage before claiming with your personal auto insurance.

Secondary Rental Car Insurance

Insurance for a secondary rental vehicle will only pay out if all other insurance, such as personal auto insurance, has already been paid out. This means that after filing a claim with your motor insurance, you can use the supplemental rental car insurance provided by your credit card if there is still a balance.

Mount Shine Advises you that before jumping to any conclusion it is important to go through every detail carefully. Because it is better to be late than to go wrong.

Learn – How Long Does It Take To Get Car Insurance: Full Guide [2023]

Chase Car Rental Insurance vs State Farm Rental Car Insurance: Which Is Better? [2023]

Comparing the automobile rental insurance plans provided by Chase and State Farm might be challenging because each has its benefits and drawbacks, and the ideal choice for you may depend on your particular requirements and circumstances.

State Farm Rental Car Insurance
Chase Car Rental Insurance vs State Farm Rental Car Insurance

Benefits Of Chase Car Rental Insurance

  • Cost-free use: You won’t incur additional costs because Chase’s automobile rental insurance is already included with the card.
  • If you have personal auto insurance, Chase’s rental car insurance will only begin to pay if your auto insurance has already finished paying claims. This eliminates the need for you to file claims with various insurance providers.

Benefits Of State Farm Car Rental Insurance

  • State Farm’s rental automobile insurance is regarded as primary coverage, so it will pay out before any other insurance you may have.
  • More rental kinds are covered. The rental car insurance provided by State Farm covers a larger range of automobiles, including luxury and exotic models that might not be covered by credit card rental car insurance.
  • Your greatest choice will ultimately rely on your particular demands and circumstances. When determining which choice is best for you, consider your insurance coverage, the kind of rental car, and the length of the rental.

Read More – State Farm Rental Car Insurance [2023]

Chase Credit Cards With Car Rental Insurance [Compared]

Several Chase credit cards offer rental car insurance coverage, including the Chase Sapphire Preferred Card, the Chase Sapphire Reserve, and the Chase Freedom Card. While all three cards provide rental car insurance coverage, the level of coverage and the terms and conditions of each card vary.

Chase Credit Cards With Car Rental Insurance
Chase Credit Cards With Car Rental Insurance

For example, the Chase Sapphire Reserve offers more comprehensive coverage with a higher coverage limit and a lower deductible. The Chase Freedom Card has a lower coverage limit and a higher deductible.

Final Thoughts: Is Chase Freedom Rental Car Insurance Worth Buying?

Depending on your specific requirements and circumstances, you should decide whether to purchase the automobile rental insurance that the Chase Freedom credit card offers. In conclusion, while selecting whether to purchase the auto rental insurance provided by the Chase Freedom card, it’s crucial to take into account your insurance coverage, the kind of rental vehicle, and the length of the rental.

Chase Freedom Rental Car Insurance: Should You Buy? [2023]
Chase Freedom Rental Car Insurance: Should You Buy? [2023]

Sagar Das
Sagar Das

Sagar Das is a freelance content writer at Mount Shine responsible for developing educational content about auto insurance.

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