Rental car insurance for the Chase Sapphire Preferred works by offering the Auto Rental Collision Damage Waiver (CDW) as reimbursement for damage due to a collision or theft (up to the cash value) on most rental vehicles globally. Vehicles not covered include expensive or antique automobiles, motor vehicles, recreational vehicles, vehicles with an open cargo bed, and more.
This is considered primary coverage. That means you will not have to file a claim with a third party before you can receive coverage of this benefit. This car rental insurance benefit can save you money and help you avoid many hassles when traveling.
To enable Auto Rental CDW, use your Chase Sapphire Preferred to make the rental purchase (you’ll get 2x points per $1 spent) and decline the rental company’s collision damage waiver if offered.
If they refuse to accept or you run into problems with this rental car insurance perk, call the number on the back of your card.