Hello,

I am exploring the option of using my Chase United MileagePlus Explorer card (MPE) for CDW coverage of a rental car in Iceland.

MPE talks of reimbursement up to "actual cash value of the vehicle as it was originally manufactured" instead of a dollar limit. On surface this sounded better than the typical dollar limit of, say, $50,000 that's on my Costco Visa, since I wouldn't have to figure out what a given car costs in Iceland. However, upon reflection, I guess I need to figure out what a consumer is liable for in Iceland in case he/she totally wrecks a rental car. Is it the present ("blue book") value of the depreciated car? Or, the original cost? Or, what the car would cost to buy TODAY?

Was wondering if anyone has experience with such a scenario. Any insights/opinion or mention of relevant literature on this particular issue would be highly appreciated.

Thanks!

PS: MPE does qualify that ACV language with the types of vehicles that are excluded.