Best Credit Card Travel Insurance

The best type of insurance is the one you don’t ever use. Travel insurance is basically like any other type of insurance, something we pay for, happy to not use and a little annoyed when do. Did you know you may have travel insurance coverage already in your wallet? That’s because some credit cards come with travel insurance as a benefit. Here’s the skinny on credit card travel insurance, when you’d use it, typical coverage policies and some of the best travel credit cards that carry it.

Travel Accident Insurance

Travel Accident insurance from your credit card covers the primary cardholder and authorized users, such as a spouse or domestic partner, or even dependent children (under 24), depending on the card. This insurance pays a benefit if a covered person is killed or injured in a common carrier accident while traveling or during a vacation. An injury may include loss of a limb, sight, speech or hearing.

This is the form of travel insurance I hope no one ever has to claim, but if you used a credit card to purchase your travel, it’s likely you have some coverage. In the event of some tragedy, having this insurance will provide a benefit.

What is the typical coverage policy? $100,000 for personal credit cards (business credit card will often cover more, up to $500,000)

What are some of the best travel credit cards that offer this travel insurance coverage?

Bank Examples of Personal Credit Cards
Chase Chase Sapphire Preferred Card, Chase Freedom, United Mileage Plus Club Card, United Mileage Plus Explorer Card, Southwest Rapid Rewards Premier Credit Card, Hyatt Credit Card, Ritz Carlton Rewards Credit Card, Disney Premier Visa Credit Card.
American Express Platinum Card, Premier Rewards Gold, Gold Card, Green Card, Starwood Preferred Guest, Mercedes Benz, EveryDay, Everyday Preferred, Blue Sky, Blue Cash EveryDay, Blue, Hilton Honors Surpass, Hilton Honors, Delta Reserve, Gold Delta SkyMiles, Platinum Delta Skymiles, JetBlue Cards
Citi Citi Hilton HHonors Visa Signature Card, Citi Hilton HHonors Reserve Card, Citi AAdvantage Platinum Select World Elite Mastercard, Citi AAdvantage Executive World Elite Mastercard, Citi AAdvantage Gold World Elite Mastercard, Citi ThankYou Premier Card, Citi ThankYou Preferred Card, and Citi Prestige Card.
Capital One Capital One Platinum Credit Card, Capital One Secured Mastercard.
Barclay Barclay Arrival Plus World Elite Mastercard, Barclay AAdvantage Aviator Red World Elite Mastercard

Lost Luggage & Delayed Luggage Protection

If your checked or carry-on luggage is permanently lost, stolen or damaged by the common carrier, having this benefit may refund the purchase price of the missing items or the cost to repair the damaged items. If your checked baggage is delayed on a trip, this benefit may reimburse the cost of necessary items until your baggage arrives. Don’t forget you can get your checked bag fees waived with credit cards too.

Let’s say you’re traveling to the French Alps for a ski vacation. You decide to take your own skis and check them at the airport assuming they are arriving at your destination for your vacation.  Your luggage is sent to Tokyo, not on your flight to Geneva, and it will take another 2 days to arrive at your destination.  This is now three days of skiing you would have missed.  Having the right credit card will reimburse the cost of your ski rentals for these three days. If you packed your ski pants and ski jacket in the same bag as your skis, using the right credit card to book your travel, can cover the expense of replacing these items up to the amount designated by your policy coverage.

What is the typical coverage policy? For lost luggage, between $1,750 – $3,000. For Delayed luggage, from $0 – $500 per trip. Unfortunately, I had to use my Chase Sapphire Preferred benefits for lost luggage before.

What are some of the travel credit cards that offer this coverage?

Bank Examples of Personal Credit Cards
Chase Chase Sapphire Preferred Card, Chase Freedom, United Mileage Plus Club Card, United Mileage Plus Explorer Card, Southwest Rapid Rewards Premier Credit Card, Hyatt Credit Card, Ritz Carlton Rewards Credit Card, Disney Premier Visa Credit Card.
American Express Platinum Card, Premier Rewards Gold, Gold Card, Green Card, Everyday Preferred, Hilton Honors Surpass, Hilton Honors, Gold Delta SkyMiles, Platinum Delta Skymiles
Citi Citi Hilton HHonors Visa Signature Card, Citi Hilton HHonors Reserve Card, Citi AAdvantage Platinum Select World Elite Mastercard, Citi AAdvantage Executive World Elite Mastercard, Citi AAdvantage Gold World Elite Mastercard, Citi ThankYou Premier Card, Citi Prestige Card
Capital One None
Barclay Barclay Arrival Plus World Elite Mastercard, Barclay AAdvantage Aviator Red World Elite Mastercard

Trip Delay / Cancellation / Interruption

If your trip is canceled or interrupted because of personal matters, illness, travel related or weather, having the right credit card may provide reimbursement of the cost of your trip. It is the middle of winter and you’ve decided to skip the snow for a cruise to the Bahamas. The ship leaves in two days.  The day before you leave a winter storm rolls in and you have 36 inches of snow on your front door step.  You can’t get out. You’ve paid for your cruise and instead of enjoying that drink by the pool on your cruise, you’re shoveling out of your house with your next-door neighbors. By using the right credit card to book your cruise, you may be able to recover some or all of the cost of your trip.

Some credit cards offer no trip delay/cancellation insurance while other personal credit cards can provide up to $10,000 per trip if your vacation is canceled or has to be cut short, in addition, some will provide up to $500 if your trip is delayed by more than 12 hours.

What are some of the credit cards that offer this coverage?

Bank Examples of Personal Credit Cards
Chase Chase Sapphire Preferred Card, Chase Freedom, United Mileage Plus Club Card, United Mileage Plus Explorer Card, Hyatt Credit Card, Ritz Carlton Rewards Credit Card,
American Express None.  American Express sells a travel insurance product allowing supplemental coverage.   
Citi Citi Hilton HHonors Visa Signature Card, Citi Hilton HHonors Reserve Card, Citi AAdvantage Platinum Select World Elite Mastercard, Citi AAdvantage Executive World Elite Mastercard, Citi ThankYou Premier Card, and Citi Prestige Card.
Capital One None.
Barclay Barclay Arrival Plus World Elite Mastercard, Barclay AAdvantage Aviator Red World Elite Mastercard

Bottom Line on Credit Card Travel Insurance

It’s important to check the policy for your existing credit cards to determine your level of coverage. You can find this by calling the number on the back of your credit card or checking your credit card’s benefit guide. If you find that your credit card does not provide sufficient travel insurance coverage, consider carrying a card in your wallet that does because it’s something you want to have and hope to never use.

 

https://www.forbes.com/sites/johnnyjet/2017/07/24/best-credit-card-travel-insurance/#428644c3198c