Good morning everyone, happy Sunday! I was reviewing my recent American Express credit card statement and scrolled to the very end of my statement to see if there were any changes to my credit card terms or benefits. American Express is making a few changes to their car rental loss and damage insurance benefits, most of them look like improvements to me, but some look like negative changes. Full disclosure, I have never used the American Express car rental loss, damage insurance, purchase protection, or any of these card member benefits, so I am no expert here. If you are familiar with those card member benefits, review the changes below to determine if these are improvements or not. My comments will be in red text. Please share your thoughts in the comments section. Thank you.
Notice of Updates to the Additional Benefits of Your Card
- We are making several updates to your card benefits on September 1, 2017. These benefits are provided to you as part of your Card Membership at no additional charge. Key updates are described in more detail below. If you would like more information about these updates or to receive a Description of Coverage, please visit www.americanexpress.com/benefitsguide to see benefits specific to your Card or call 1-800-854-9783 Monday-Friday 8 am to 8 pm and Saturday 9 am to 6 pm ET.
Car Rental Loss and Damage Insurance* coverage
- Car Rental Loss and Damage Insurance coverage will now apply to vehicles rented in Ireland, Israel and Jamaica. Consistent with your current benefit, coverage will not apply to vehicles rented in Australia, Italy, and New Zealand.
- In addition to the vehicle types currently covered, eligible rental vehicles will now include certain types of full sized sport utility vehicles, exotic/expensive cars, full sized vans, trucks, pick-ups and cargo vans.
It is nice to see that 3 new countries are included in car rental loss coverage and that more vehicles are now covered. I hope Australia, Italy, and New Zealand coverage comes soon, I’m not sure why those 3 countries are excluded. Continue reading