Visa Auto Insurance is a service division of the Visa Incorporation, which is a globally recognized brand of financial services. The major sub-brands of Visa Incorporation are Visa Electron, PLUS, Interlink and Visa. They specialize in providing payment products used by their clients (financial institutions) to offer debit, credit and prepaid commercial products. The company has a global network of processing services called VisaNet, which also manages risk and fraud.

 
Visa Auto Rental Collision Damage Waiver Program

    

Popularly known as Auto Rental CDW Program, this program of Visa Auto Insurance provides 24 hour coverage to Visa cardholders at no additional cost. It covers all the damages that might happen due to theft or collision of rental vehicles provided that you hold a genuine Visa card. The Auto Rental CDW Program is a form of Visa Auto Insurance which pays for the damages and replacement of the rental vehicles up to the covered amount.

 
What Does Visa Auto Insurance Cover?
 

Being a value-added service, the Auto Rental CDW Program mainly provides reimbursement for the amount needed to pay for the damages occurred in an accident or even due to a theft. The amount of benefit is limited up to the cash value of vehicle and covers the outstanding amount only up to that limit.

 
How to Activate Visa Auto Insurance

 

Although the benefits of Visa Auto Insurance come automatically to the cardholders, it is required to get the program activated. A Visa cardholder is required to do the following acts in order to activate this plan:

 

§         Completely check the vehicle before taking it from the rental lot to check for any damages

§         Complete the rental transaction

§         If the rental company offers a damage waiver plan you are required to decline it.