Sometimes accidents happen, whether or not they are your fault. With Rental Collision & Loss Damage Waiver, World Elite Mastercard® cardholders have insurance on rental vehicles for:
Physical damage to the rental car in addition to loss of use, theft, and natural calamities – up to USD 50,000
Towing of the vehicle – up to USD 100
Vehicle drop off charges – up to USD 100
Mastercard® does not undertake any insurance business or acting as an insurer, insurance broker, insurance advisor or insurance agent. AIG [or their authorized local representative] and not Mastercard, is providing the relevant insurance benefits. Mastercard does not advise any person on the merits of buying, selling, subscribing for or underwriting a contract of insurance. The insurance program is conducted as a necessary part of other services provided by Mastercard in the course of its business. Aside from fees related to its services provided pursuant to this benefits program, Mastercard does not collect a fee or other remuneration collected for this insurance program directly from Mastercard cardholders.
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Coronation Merchant Bank
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