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AMEX "The platinum card"

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  1. #81

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    May 2009
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    Quote Originally Posted by pin
    HK travel insurance is very limited for CDW, we are often talking about a few thousand HKD.
    I use the annual car insurance from worldwideinsure.com for car rental. Cost £115 a year including second driver.

  2. #82

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    Jan 2010
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    Quote Originally Posted by Sith
    I use the annual car insurance from worldwideinsure.com for car rental. Cost £115 a year including second driver.
    That one only covers the excess, which most travel insurances already do as well.

    Quote Originally Posted by pin
    HK travel insurance is very limited for CDW, we are often talking about a few thousand HKD.
    I know, they usually only cover the excess. (Mine covers up to 2000USD/1500 EUR) The Amex insurance is quite good, but you have to make sure to only rent cars that are worth less than 75,000 Euro or you will be liable for the difference if the car gets stolen or totaled. Even if you are only renting a 5 Series, you might be looking at ten thousand Euro or more.
    Last edited by mrgoodkat; 03-03-2020 at 04:59 PM.
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  3. #83

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    @mrgoodkat - I assume the liability is on the rental contract? Curious for planning...

    And you have the option of insuring just the excess over 75K?


  4. #84

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    May 2009
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    Quote Originally Posted by mrgoodkat
    That one only covers the excess, which most travel insurances already do as well.



    I know, they usually only cover the excess. (Mine covers up to 2000USD/1500 EUR) The Amex insurance is quite good, but you have to make sure to only rent cars that are worth less than 75,000 Euro or you will be liable for the difference if the car gets stolen or totaled. Even if you are only renting a 5 Series, you might be looking at ten thousand Euro or more.
    Yes you are right it is only for the excess but I thought that is what he was talking about. I mean the CDW is standard and in most cases not optional (except for the excess that you can choose)

    With the above insurance no need to pay for extra insurance when renting.

    Regarding your point of a limit on the CDW I haven’t seen that but usually don’t read the fine print (although I did that last time)
    Strange that they rent you a car with CDW that doesn’t cover the car’s cost.
    Will pay attention next time.

  5. #85

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    Jan 2010
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    Quote Originally Posted by shri
    @mrgoodkat - I assume the liability is on the rental contract? Curious for planning...

    And you have the option of insuring just the excess over 75K?
    If you rent a car they usually come with third party insurance. Some companies also make you buy the CDW (Collision Damage Waiver, pretty much comprehensive insurance) with varying excess. Some companies let you decide if you want the CDW or not. If you don't buy it, you are a on the hook for damages to the car in an accident or if the car gets stolen. The AMEX comes with a CDW, which will pay a maximum of 75,000 Euro. But at least in Europe most rental cars are over that, in which case you would have to pay the difference yourself. The rental car company won't offer you the choice of only insuring the amount over 75,000, because they obviously want to sell you their CDW. They don't care about your credit card insurance etc.
    For example Sixt gives you the choice of buying the CDW. For a 5 series the charge is 16 Euro per day with excess of 1150 Euro, 19 Euro per day for excess of 550 Euro and 28 Euro for zero excess. For one week that's another 200 Euro on top of the rental charges.
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