Flight bookings are now made easier and more convenient thanks to credit cards. For some people, their plastics even serve as their protection from travel mishaps that they might encounter along the way. You’ve read that right. There are credit cards that come with complimentary travel insurance when these are used for paying for flight purchases. Travel insurance on a credit card offers different benefits that are dependent on the way you booked the trip.
The specific type of credit card you own also affects the coverage that you can claim. This is why it is important to know what insurance on a credit card is and why this is a must-have for today’s jet setters.
How Can You Get a Complimentary Travel Insurance on a Credit Card?
There are certain credit cards that offer complimentary travel insurance as one of their inherent features. The cardholder using their credit card for purchasing travel tickets will automatically get protection. For you to avail the feature, always ask the bank agents prior to application. There are also basic credit cards offering travel insurance based on the promos of the issuing bank.
What Does Travel Insurance on a Credit Card Cover?
Travel insurance on a credit card is often limited, with you getting less or more coverage. There are times when supplementary cardholders can take advantage of this feature. Below are some of the things that are often covered by credit card travel insurance:
- Damaged or lost baggage
It is all too easy to forget your luggage or drop your precious laptop during your trips. Worry no more because there are banks offering coverage to damaged of loss belongings for a certain amount for every item that you declared before the trip.
- Delayed flights
No traveler wants to experience flight delays. Sometimes, planes don’t leave according to schedule because of weather, engine breakdown, and other unexpected events. You might be asked by the airlines to remain at the airport while waiting for further announcements. Credit card travel insurance can provide compensation for delays.
- Personal liability
Banks or credit card issuers will shoulder the costs due to bodily injuries or property damage that result from accidents experienced during the trip. This coverage has an average repayment that depends on the specific type of credit card that you have.
- Reimbursement for medical expenses
Emergency medical cost reimbursements will pay back every expense for hospitalization and medicines during your trip. This form of coverage is applicable to accidents and illnesses alike that can pose a threat to your health. The credit card issuer takes on the responsibility of paying for doctor’s fees, hospital charges, ambulance services, and other incurred expenses.
- Trip cancellation
Travel insurance for credit card offers coverage right from the moment you book your flight. Trip cancellation cover allows you to get 100% refund of the cost of your flight for different reasons:
- Severe weather conditions make it impossible to arrive safely at your destination.
- Your travel destination is subject to threats from terrorists.
- Your family member or travel companion suffered from illness, injury, or death.
- You suffered from illness, injury, or death.