I have a Wells Fargo account and card. It didn't matter as I don't have a US address. Insurance obtained by a false statement about residency might be invalid.
This is nonsense.
I, having never had Renters' insurance in USA before, decided with my fellow pilot for the first time in 2006 for a 2 week rental trip ,to get renters' insurance through AIG, using, with the FBO's permission, the FBO's address we were renting from.
They just need an address fromwhich to contact you.
It was a good move as I totalled a beautiful rented Archer 2 in the mountains.
The the renters' insurance paid up the $5,000 deductible without a peep.
We paid 120 bucks for premium and no refunds. Money well spent IMHO.
Don't rent in USA without Renters' Insurance. Period.