1 The insurance coverage(s) included with CIBC credit cards is provided by the Royal & Sun Alliance Insurance Company of Canada (RSA). Different maps have different coverages. For more information about the insurances included and important information about eligibility requirements, benefits, restrictions and exclusions, see www.cibc.com/ca/credit-card/agreements-insurance.html and Certificates of Insurance in Your Card Package. Some insurances require that purchases, car rentals, shared transportation rates and other travel expenses be charged to the card to activate coverage (other conditions may also apply). Collision/Loss of Damage Insurance (CLDI) is available for rentals up to 48 days; and the car rental company`s all-risk insurance (CDW) or LOSS Damage Waiver (LDW) must be rejected. CLDI offers coverage up to the actual present value (ACV) of the rental vehicle as defined in your Certificate of Insurance. Note that some car rental companies may measure their damage up to an amount greater than the apple cider vinegar of the rental vehicle, and you may be held liable for the difference to the car rental company. Therefore, before refusing the CDW or LDW car rental, you should carefully read and compare the terms of the car rental agreement, the CLDI insurance certificate in your card package and any other insurance you have to decide which coverage is best for your protection needs. Out-of-province emergency travel health insurance is valid for the first 15 days of travel. The primary cardholder must be at least 64 years of age. if so, their spouse may also be insured if he or she is 64 years of age or younger and is a dependent child; This insurance and trip cancellation/interruption insurance do not cover certain pre-existing conditions that existed prior to the date of your coverage. Some RSA coverages are “deductible insurance” (all other sources of insurance and leisure must be exhausted before benefits are available). For more information, call RSA toll-free at 1-866-363-3338 in Canada, the U.S.
mainland and Hawaii, or pick it up elsewhere at 905-403-3338. If you have charged your travel for your card, your travel credit card insurance may partially reimburse you for lost baggage or eligible costs resulting from delayed flights or interruption of your trip during the trip. Subject to the conditions set out in your Certificate of Insurance, you may be partially reimbursed for the value of your baggage and property in the event of loss or damage to your checked baggage or carry-on baggage. When an event covered by the insurance occurs, it may partially reimburse you for eligible travel expenses or loss or damage to eligible rental cars or purchases. When you accept a car rental agreement, you may be asked to purchase the rental company`s daily insurance or their daily collision damage (CDW) or loss of damage (LDW) waiver. If you pay for the car rental with a credit card with the rental collision/loss of damage insurance (CLDI) and unsubscribe from the rental agency`s daily insurance or CDW or LDW, CLDI insurance with your credit card can provide coverage against loss or damage to the rental vehicle up to the actual cash value (LCA) of the rental vehicle as defined in your policy insurance. Note that some car rental companies may measure their damage up to an amount greater than the apple cider vinegar of the rental vehicle, and you may be held liable for the difference to the car rental company. Your credit card can offer you more than just convenient purchasing power and great perks like travel rewards or cash back rewards. Some cards also offer the added benefit of insurance. Credit card insurance can be a top-up to other home, auto, or health insurance policies you may already have (meaning that all other sources of insurance, clawback, or compensation must be exhausted before credit card insurance pays you benefits). More articlesMore articles on credit cards C I B C You should also check with your personal car insurer and rental company to see if you and all other drivers have adequate coverage for liability, personal injury and property damage, as CLDI insurance only covers theft, loss or damage to the rental car.
Here you will find all the agreements, service details, changes and insurance certificates for CIBC Credit Cards Choose a Credit Card with credit card protection services that meet your needs. CIBC offers a wide selection of credit cards. If you have any further questions about these cards or the benefits and services they offer, please call a customer service representative at 1-800-465-4653. If a new eligible purchase paid for with a card with purchase security and extended warranty insurance is damaged or stolen within 90 days of purchase, your credit card insurance can help you repair, replace or refund. In addition, your credit card can provide extended warranty protection for eligible purchases. Some of these warranty extensions can last up to a year and help you manage the costs associated with repair or replacement. However, like other insurances, credit card insurance is subject to conditions, limitations, and exclusions (including exclusions from pre-existing medical conditions). These are described in the insurance certificates you receive with your credit card package.
Some insurance policies require that purchases, car rentals, regular airfares, and other travel expenses be charged to your credit card to activate coverage (other terms may also apply). Therefore, before refusing daily insurance from the car rental provider or CDW or LDW, you should carefully read and compare the terms of the car rental contract, the CLDI insurance certificate in your card package and any other insurance you have to decide which coverage is best for your protection needs. Certificates of insurance for the Visa Infinite dividend card (valid from 1 February 2021) (PDF, 295 KB) Opens in new window. . Changes to the Benefits Guide (valid from December 1, 2020 or February 1, 2021) (PDF, 810 KB) Opens a new window in your browser. . Program terms and reward redemption can be found under CIBC Rewards Opens a new window in your browser CIBC Visa Business Plus Card Reference Guide (PDF, 110 KB) Opens in a new window. . You may be partially reimbursed for reasonable living expenses you incur if your flight is delayed by more than four hours.
These expenses may include car rental, hotel stay, and meals purchased during the delay time. .