That's pretty standard. When I first got my Avion card in 2002 I read through the policy, and I think it was also max 65k, and no exotic or prestige cars. I think it did mention makes covered, and it did include BMW and Mercedes (and one can hardly think Mustang counts as exotic/prestige) as long as it didn't top 65k. It did say not trucks, hummers, etc.
I keep meaning to dump this card for Aerogold since RBC stopped the AA points earning... If only Canada had a UA points card.....
-mike