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Stock impact report

What Your Credit Card Rental Car Coverage Doesn't Include [Forbes]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: Forbes
Photo credit: Getty Getty When you decline coverage at a rental car agency in favor of the protection your credit card offers, you’ll probably face that dreaded question from the salesperson: “Are you sure?” You know your credit card’s policy doesn’t cover absolutely everything. But at the same time, you don’t want to pay upward of $10 a day at the last second for coverage you might not need. So instead of making a split-second decision at the counter, review your options beforehand. Here’s what your credit card protection might not cover. Loss or damage already covered by your own auto insurance Before leaning on your credit card for rental car protection, find out whether it offers primary or secondary coverage. To do this, ask your issuer. “The coverage on credit cards typically isn’t primary insurance,” says Neil Abrams, president of Abrams Consulting Group, a global consulting and research firm specializing in ground transportation and car re Show less Read more
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