Does Canadian Tire Mastercard Cover Car Rental Insurance?
When planning a trip, renting a car can be a convenient way to explore new destinations. However, the cost of car rental insurance can add up quickly. One common question among travelers is whether their Canadian Tire Mastercard covers car rental insurance. In this article, we will explore the coverage provided by the Canadian Tire Mastercard for car rentals and help you make an informed decision.
Understanding Car Rental Insurance Coverage
Car rental insurance is designed to protect you and the rental car from potential damages or accidents during the rental period. It typically includes three types of coverage:
1. Collision Damage Waiver (CDW): This coverage waives your liability for damages to the rental car in the event of an accident.
2. Loss Damage Waiver (LDW): Similar to CDW, LDW covers damages to the rental car, but it may have higher deductibles.
3. Liability Insurance: This coverage protects you from legal claims if you cause an accident and are found liable.
Does Canadian Tire Mastercard Cover Car Rental Insurance?
Yes, the Canadian Tire Mastercard offers car rental insurance coverage as part of its benefits package. The card provides primary insurance for collision and comprehensive coverage, which means it will cover damages to the rental car before the rental company’s insurance kicks in. However, it’s important to note that this coverage has certain limitations and exclusions.
Limitations and Exclusions
1. Coverage is only valid for rentals in Canada and the United States.
2. The car rental must be charged to your Canadian Tire Mastercard.
3. The rental period must not exceed 30 days.
4. The coverage does not include theft, fire, or vandalism.
5. It does not cover personal injury or damage to third-party property.
How to Activate Car Rental Insurance Coverage
To activate the car rental insurance coverage provided by your Canadian Tire Mastercard, follow these steps:
1. Present your Canadian Tire Mastercard and your rental agreement at the rental counter.
2. Inform the rental company that you want to use your card for insurance coverage.
3. Sign a form acknowledging that you are declining the rental company’s insurance.
Additional Tips
1. Always read the terms and conditions of your Canadian Tire Mastercard carefully to understand the coverage details.
2. Consider purchasing additional insurance if you plan to rent a car outside of Canada or the United States, or if you want more comprehensive coverage.
3. Keep your Canadian Tire Mastercard active and in good standing to ensure you are eligible for the insurance benefits.
In conclusion, the Canadian Tire Mastercard does offer car rental insurance coverage, but it’s important to understand the limitations and exclusions. By following the steps outlined in this article, you can make the most of your card’s benefits and enjoy a worry-free car rental experience.
