Get to know your CIBC card benefits
Auto Rental Collision/ Loss Damage Insurance
Purchase Security and Extended Protection Insurance
Common Carrier Accident Insurance
Provides coverage for theft, loss, or damage to a rental car.
Car Rental Collision / Loss Damage Insurance covers you for vehicle loss or damage but does not include the contents of the vehicle. There is no coverage for third party liability, personal injury, damage to property, normal vehicle wear and tear or mechanical/electrical vehicle breakdown.
No.
No.
It is true that collision damage insurance is mandatory in some countries. In this case, should a loss occur, the rental agency will cover your loss according to the terms and conditions of their contract, subject to a deductible. Upon reviewing your claim, we may reimburse you up to the cost of the deductible.
Coverage for the rental vehicle cannot be extended for more than 48 consecutive days. If a rental period is longer than 48 days, no coverage is provided for that entire rental period.
Yes.
Provided the full cost of the rental is charged to your eligible CIBC card, Car Rental Collision / Loss Damage Insurance covers you for theft, loss and damage, up to the actual cash value of the rental vehicle and for any rental agency loss of use charges. For example, any physical damage, vandalism, fire, theft, or damage to tires and windshields would be covered up to the full vehicle value.
This coverage has a rental period limit of 48 days and covers damage or theft of a rental vehicle up to the Manufacturer’s Suggested Retail Price outlined in your Certificate of Insurance.
Vehicles excluded from coverage include: vans, cargo vans, trucks, pick-up trucks, off-road vehicles, motorcycles and any vehicle, in its model year, over the Manufacturer’s Suggested Retail Price outlined in your Certificate of Insurance. The vehicles listed here is not a complete list of excluded vehicles. Please refer to your Certificate of Insurance for the full list of exclusions.
Provides coverage for an accidental death or dismemberment resulting from riding as a passenger on a common carrier (land, air, or water transport).
Provides an extension to the manufacturer's warranty and covers recently purchased lost, stolen or damaged items.
The Extended Protection benefit provides cardholders with an extension to the term of the original manufacturer’s warranty.
This extension is up to a maximum of one additional full year (two additional years for the CIBC Aeroplan® Visa Infinite Privilege Card), commencing at the expiry of the manufacturer’s original warranty term.
Please note, the manufacturer's warranty must be honoured in Canada or the U.S, and items must be charged to your eligible CIBC card.
The Purchase Security benefit provides worldwide coverage in the event of loss, theft or damage of qualified purchases charged to an eligible CIBC card.
If the item is stolen or damaged it may be replaced or repaired, or we may reimburse you up to the original cost of the item.
Need to make a claim?
Your Amex card benefits give you access to toll-free assistance, 24/7, anywhere in the world and a worry-free claims service.
Be sure to check the the Government of Canada’s Travel Advisory for advice and updates on your travel destination.
The insurance coverages available on American Express cards are outlined in the Certificates of Insurance. To view the Certificate of Insurance, click on the corresponding link provided next to the American Express card listed in the table below.
The Insurance Product Summary is a summary of the insurance coverages available on American Express cards and is provided to help Amex customers decide if these coverages meet their needs. This is not a Certificate of Insurance. The information contained within the summary is not exhaustive. Please refer to the Certificate of Insurance for complete details.
Get in touch
Canada or the U.S:
Call us toll-free 1.866.363.3338
Anywhere else in the world:
Call collect + 905.403.3338