MasterRental Insurance pays for covered damages to the rental vehicle when the eligible MasterCard card is used to initiate and pay for the entire rental transaction.

The MasterCard cardholder and those designated in the auto rental contract as authorized drivers are covered. The cardholder must rent the car in his or her own name and decline the collision/loss damage waiver offered by the car rental company.

Covered damages provided for include:

  • Physical damage and theft of the vehicle up to its market value, not to exceed the limits described in the complete MasterRental terms and conditions.
  • Reasonable and customary charges imposed by the rental car company for the period of time the car is being repaired (“Loss of Use” charges) that are substantiated by a Fleet Utilization log.
  • Reasonable and customary towing charges to the nearest qualified repair facility imposed by the rental agency on a covered loss.
Certain terms, conditions, limitations, and exclusions apply. Please see the MasterRental terms and conditions for complete program details.