Amex enhanced rental car insurance trick

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jeffysdad01
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Amex enhanced rental car insurance trick

Postby jeffysdad01 » Sat Nov 01, 2014 8:43 pm

I've enrolled my Amex cards in their enhanced rental car insurance, which basically tacks on a $20-something charge to each car rental paid for with the card in exchange for making the Amex coverage primary ahead of the renter's own insurance. At least that's my understanding of how it works.

So, I realized upon returning my last rental car that I could rent with the Amex card -- and benefit from the enhanced insurance if needed -- then go to the rental company desk and change the payment card to something other than an Amex card -- and not be on the hook for the 20 bucks. Has anyone else done this? Am I missing something here?


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FastSRT8
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Postby FastSRT8 » Sat Nov 01, 2014 10:07 pm

Yeah... I believe you are missing on one key point.

Insurance companies are smart.

They will investigate and once they find out about the card swap at time of payment, they will deny your claim.

You may be on the hook for all damages.

I wouldn't mess with this. Totally not worth the $20 you saved.
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benhollberg
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Postby benhollberg » Sat Nov 01, 2014 11:44 pm

I think the poster is talking about reserving the car with the AMEX Plat and but as a postpaid reservation. When I rent cars I usually don't pay until the car is returned. So if the car is returned undamaged he will have the rental company change his method of payment to something else, and therefore not pay the AMEX fee. Am I getting this?

Even though I have the AMEX Plat I rent with my CSP because it already has primary rental insurance which is great. If I didn't have the CSP this seems like a good idea, if it'll work.
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FastSRT8
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Postby FastSRT8 » Sun Nov 02, 2014 12:50 am

Yes, I re-read the post and I believe you are right.

I guess it should work!

benhollberg wrote:I think the poster is talking about reserving the car with the AMEX Plat and but as a postpaid reservation. When I rent cars I usually don't pay until the car is returned. So if the car is returned undamaged he will have the rental company change his method of payment to something else, and therefore not pay the AMEX fee. Am I getting this?

Even though I have the AMEX Plat I rent with my CSP because it already has primary rental insurance which is great. If I didn't have the CSP this seems like a good idea, if it'll work.
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jeffysdad01
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Postby jeffysdad01 » Sun Nov 02, 2014 5:03 am

Sorry. Wasn't clear. The change in payment method is only made upon the return of the undamaged car. I do wonder, though, if Amex will notice the rental company preapproval, see no corresponding hard charge and then figure out what's happening. I would think everyone would do this, but maybe not. I did once complete a rental transaction with the enhanced insurance Amex card and the insurance charge went on not long after the rental company's final charge.

benhollberg
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Postby benhollberg » Sun Nov 02, 2014 2:02 pm

It would all depend on when AMEX charges the $20 fee. Assuming it is after the rental company charge is posted, as you said earlier, then this should work. Unless AMEX decides to charge the fee when the reservation is made, doubt they would notice it or even try it then.
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MB131174
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Postby MB131174 » Sun Nov 02, 2014 2:08 pm

benhollberg wrote:Even though I have the AMEX Plat I rent with my CSP because it already has primary rental insurance which is great. If I didn't have the CSP this seems like a good idea, if it'll work.


This is why the CSP is worth $95 a year to me.
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Brad Bishop
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Postby Brad Bishop » Sun Nov 02, 2014 4:54 pm

This is one of those things where I think: Just because you can, doesn't mean you should.

If you don't want the Amex insurance then don't subscribe to that service or use some other card. If you like the idea of it then just use your Amex and pay the $25 fee.

$25 isn't going to make or break you. Just be honest about it.

takeshi
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Postby takeshi » Mon Nov 03, 2014 9:30 am

jeffysdad isn't the first to think of this. I don't recall what other discussions on other sites have stated but anyone considering this may want to Google around first.

MB131174 wrote:This is why the CSP is worth $95 a year to me.

Anyone considering the two should really carefully review the terms for each. IIRC I do rent vehicles that wouldn't be covered by the CSP's coverage but are covered by AmEx premium.

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Postby flan » Mon Nov 03, 2014 6:34 pm

takeshi wrote:jeffysdad isn't the first to think of this. I don't recall what other discussions on other sites have stated but anyone considering this may want to Google around first.


Anyone considering the two should really carefully review the terms for each. IIRC I do rent vehicles that wouldn't be covered by the CSP's coverage but are covered by AmEx premium.


The CSP coverage has a set of vehicles that are excluded (Ferraris, porshes, etc) and a $50K cap (or so, I'm not going to dig out the booklet.). The amex coverage has no set list of makes excluded, and covers to $100K. The amex coverage also offers token coverage for death and dismemberment, and some excess property damage. (The lmits are really low, and can easily get blown throw.)

Neither covers pickups, motorcycles, moving vans, antique vehicles, or liability.



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