@Dan! I spoke with MC Assistance who handle the claims and they confirmed it on the phone.
They even emailed me this letter instantly as proof! (Again, this is for the CO MC World Business from Chase)
Thank you for your recent inquiry regarding the MasterRental coverage associated with your MasterCard Card.
This letter confirms that your MasterCard Card provides MasterRental coverage. Therefore, vehicles rented with your card are eligible for coverage in Israel. Please note that the coverage is subject to the terms and conditions of the MasterRental program.
Please refer to the MasterRental Guide to Benefits for a complete listing of the terms, conditions and exclusions associated with this program. This letter is in effect for 60 days from the date of issuance.
If I can be of further assistance, please feel free to contact me directly at 1-888-764-8539.
Sincerely,
Robert Brewer
MasterCard Assistance Center