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Travel Snag? Your Credit Card Could Help - Booking a trip with the right credit card can save you thousands.
If you run into travel problems, get sick or have an accident while you’re on vacation this summer, look up your credit card’s benefits. Its perks may include travel insurance for certain incidents on trips that you book with the card.
Such insurance often comes in three varieties, says Joe Resendiz, research analyst for ValuePenguin, a website that reviews financial products. One is travel accident insurance, which provides reimbursement if you or someone in your party dies or is dismembered on a trip. Another is trip cancellation, interruption or delay coverage, which may refund your airfare or hotel expenses if you miss a trip because of illness or severe weather, or reimburse you for lodging and meal expenses if your flight is delayed. Finally, your card may come with insurance for lost, damaged or delayed luggage.
If you run into travel problems, get sick or have an accident while you’re on vacation this summer, look up your credit card’s benefits. Its perks may include travel insurance for certain incidents on trips that you book with the card.
Such insurance often comes in three varieties, says Joe Resendiz, research analyst for ValuePenguin, a website that reviews financial products. One is travel accident insurance, which provides reimbursement if you or someone in your party dies or is dismembered on a trip. Another is trip cancellation, interruption or delay coverage, which may refund your airfare or hotel expenses if you miss a trip because of illness or severe weather, or reimburse you for lodging and meal expenses if your flight is delayed. Finally, your card may come with insurance for lost, damaged or delayed luggage.