Car rental companies charge for insurance coverage. Although your primary auto insurance provider may cover you when you rent a vehicle, the Credit Union has a free alternative from Visa to ensure protection when renting a car.
The Visa Auto Rental Collision Damage Waiver Program provides 24-hour coverage—at no additional charge—on damage caused by collision or theft. Coverage is up to the actual cash value of most rental vehicles, provided specific terms and conditions are met. If you are a valid cardholder with your name embossed on the U.S.-issued Visa credit card, then you are eligible to take advantage of the program.
These insurance products are not deposits and are not federally insured or guaranteed by your credit union.