Auto Rental Collision Damage Waiver
Auto Rental Collision Damage Waiver (ARCDW) eliminates the need for your cardholders to pay for the collision damage waiver or similar provision provided by commercial auto rental companies on most passenger vehicles—saving them as much as $13 per day in insurance costs.
How This Enhancement Program Works:
ARCDW will reimburse a covered cardholder for the repair or replacement of a damaged rental vehicle due to collision, theft, or other physical damages, up to the actual cash value of most rental cars.
Available in the United States and most foreign countries, ARCDW reimburses the cardholder up to the full value of most rental cars for damage or theft not covered by the rental company, the cardholder’s personal insurance, employer, or employer’s insurance.*
For cardholders who rent automobiles outside their country of residence, coverage is primary with reimbursement for eligible expenses within the cardholder’s country of residence. Coverage is secondary to any other valid or collectible insurance from any other source.
Covered costs include:
• Physical damage and theft of the covered rental vehicle
• Valid loss-of-use charges imposed and substantiated by the rental company
• Reasonable and customary towing charges, due to a covered loss, to the nearest qualified repair facility
ARCDW provides automatic protection when your covered cardholder declines the comparable coverage from the rental company and pays for the rental with a covered card.
The cardholder and all those permitted by the rental contract as additional drivers are covered. The program will cover rentals up to 15 days within the United States and up to 31 days outside the United States.
For Visa Commercial cards, the ARCDW coverage is primary. Only vehicle rental periods that neither exceed nor are intended to exceed 31 consecutive days are covered. This benefit provides reimbursement up to the actual cash value of the vehicle as it was originally manufactured. However, if the rental is for personal reasons, this coverage supplements, and applies in excess of, any valid and collectible insurance or reimbursement benefits from any source.
Benefits
• Assistance while traveling
• Ease of use
• High perceived value
* Excluded countries include Ireland, Northern Ireland, Israel, Jamaica, and other countries where precluded by law or in violation of the territory terms of the rental agreement. Other restrictions, limitations, and exclusions may apply.
Questions?
While we hope you find the information you need online, we want to remind you that Listerhill is more than a website. We’re your credit union, and we look forward to helping you. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Better yet, stop by one of our branches for some personal service.
