Travel insurance can come in handy, especially if you plan on traveling internationally or if your trip is valued at more than $1,000. It protects you if something unexpected happens and you have to cancel your trip, and it ensures you’ll get some, if not all, of your money back. But we know it can be frustrating to shop for travel insurance at times, as many people aren’t sure what to look for.
Whenever clients ask us what we recommend, we often tell them to check if their credit card company offers travel insurance. Many credit cards offer travel insurance, which makes it an easy (and stress-free) option. And on top of that, some credit card companies may even reward you with things such as free reward points for using travel insurance offered through their company.
So, if you’re currently looking to get travel insurance for your next trip but aren’t sure where to start, we have you covered. From what travel insurance covers to is travel insurance worth it and more – here’s everything you need to know about travel insurance, including which credit cards offer travel insurance.
What is Travel Insurance?
If you have upcoming travel plans, you may want to consider purchasing travel insurance. Travel insurance can be purchased before you go on a trip and may help protect you from losing money if your trip needs to be canceled or cut short. It’s imperative that you shop around when looking for travel insurance because some companies offer better deals than others, and some travel insurance will cover the entire value of your trip, while others may only cover parts of your trip.
Is Travel Insurance Worth it?
There are certain circumstances in which you should purchase travel insurance and times when you may not need travel insurance. Though, it can sometimes be tricky to know when you should buy travel insurance for your trip. One thing that we always look at when deciding on whether or not to get travel insurance is the total value of your trip. We recommend getting travel insurance if you spend more than $1,000 on a trip. If you are going to spend less than $1,000, you probably don’t need travel insurance.
What Does Travel Insurance Cover?
Travel insurance can help protect you in multiple circumstances. One way it can protect you is if you need to cancel your trip for reasons such as certain health issues. In this case, you will likely get most, if not all, of your money back. Another way that travel insurance can protect you is if you’re on your trip but need to come home early due to health issues or another emergency. Travel insurance may cover the remaining part of your trip and get back some (or all) of your money.
What Doesn’t Travel Insurance Cover?
Although there are many things that travel insurance does cover, there are also many things that it doesn’t cover. For example, travel insurance may not cover some medical issues, high-risk activities, epidemics, or cancellations due to bad weather. Overall, just make sure you check what your travel insurance does and doesn’t cover so that you’re aware of what you’re getting yourself into.
Credit Cards That Offer Travel Insurance
If you aren’t sure where to get travel insurance, we have your back! There are many credit cards out there that offer travel insurance, and this can be a great place to start looking. With that said, here are some credit cards that offer travel insurance:
- Capitol One Venture X Credit Card
- The Business Platinum Card
- Chase Sapphire Reserve Credit CardÂ
- Marriott Bonvoy Brilliant Credit Card
- Delta SkyMiles Reserve American Express Card
Travel insurance can be a great way to protect yourself and ensure that you don’t lose all of your money if your trip gets canceled, and the credit cards listed are great options. Many of these cards will help protect you if you lose your luggage if your trip gets delayed, if your trip gets canceled, and so much more. Even if you’re on the fence about getting travel insurance, consider that unexpected events happen and that travel insurance can help protect you from losing a lot of money.
