cheryl
Administrator
Staff member
When Your Credit Card’s Travel Insurance Coverage Isn’t Enough - Kiplinger
Many credit cards offer travel insurance as a perk, but the limited coverage may not be adequate if you are taking an expensive trip.
Independent travel insurance policies are more comprehensive than the coverages rolled into your credit card as a free perk. A policy will cover under more circumstances if you must cancel or interrupt a trip, and you can customize your policy in a variety of ways. For example, you can add riders that cover adventure activities, allow you to cancel for any reason or include coverage of preexisting health conditions. Or you can choose a policy that allows you to cancel based on a hurricane warning at your destination instead of only if the storm directly hits the locale. You can insure the entire prepaid, nonrefundable portion of your trip, whereas a credit card carries an annual or per-trip limit. Plus, you’ll need to pay for all or part of your trip with that card, depending on the issuer’s terms and conditions.
Many credit cards offer travel insurance as a perk, but the limited coverage may not be adequate if you are taking an expensive trip.
Independent travel insurance policies are more comprehensive than the coverages rolled into your credit card as a free perk. A policy will cover under more circumstances if you must cancel or interrupt a trip, and you can customize your policy in a variety of ways. For example, you can add riders that cover adventure activities, allow you to cancel for any reason or include coverage of preexisting health conditions. Or you can choose a policy that allows you to cancel based on a hurricane warning at your destination instead of only if the storm directly hits the locale. You can insure the entire prepaid, nonrefundable portion of your trip, whereas a credit card carries an annual or per-trip limit. Plus, you’ll need to pay for all or part of your trip with that card, depending on the issuer’s terms and conditions.