1. Can You Use Your Credit Card Rental Car Insurance in Panama?
Renting a car in Panama allows you to explore this alive and exciting country at your own pace. However, many travelers have this question: Can they rely on their credit card rental car insurance? Is it really necessary to spend the extra money on insurance through the rental agency when their credit card company offers it? When it comes to insurance, it's important to understand that credit card rental car insurance is not generally accepted by car rental businesses in Panama. This article will guide you through the reasons behind this policy and offer alternative insurance options to make sure you can relax during your trip.
2. Understanding Credit Card Rental Car Insurance
Credit card rental car insurance is a perk many credit card companies offer, providing coverage when you use their card. Typically, this insurance offers coverage like a Collision Damage Waiver or alternatives that cover damage or theft of the rental vehicle, potentially saving you from purchasing additional insurance from the rental company. However, we need to emphasize that most rental companies in Panama will NOT accept this form of insurance in place of one of their insurance tiers. When it comes to traveling in Panama, it’s best to be sure that all the bases are covered, including traveling with proper insurance.
3. Why Car Rental Agencies In Panama Do NOT Accept Credit Card Insurance
Like most car rental companies in Panama, Chiriqui Car Rentals has a commercial policy that guarantees that all our customers can choose options for reliable coverage. By not accepting credit card insurance, we avoid unwanted risks for both our clients and ourselves. These insurance policies from credit card companies can be too complicated or not comprehensive enough to meet Panamanian laws or cover all possible situations. Due to the involvement of the local insurance company in any accident (they are called to the scene), it is much more secure to have the required local insurance. If you wish to depend on your credit card insurance, you can choose the basic insurance policy: liability insurance plus a $800 deposit. With this
policy, you are responsible for any damage up to $1,200 on the vehicle.
4. Conclusion
We hope this article has adequately addressed all of your questions regarding credit card car rental insurance. However, if you still have questions, feel free to contact us at info@chiriquicarrentals.com.
For more information on Panama car rental insurance, check out our article here!
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