minneapolis, May 7, 2024 /PRNewswire/ — Some credit cards include travel insurance, but can you really rely on the coverage? Travel insurance experts. Overseas travel insurance compared the insurance offerings of some of the top credit cards and the comprehensive coverage available on comparison sites. Yonder's findings make clear that travelers shouldn't rely solely on credit card coverage.
A table comparing credit card insurance and travel insurance.
Difference between credit card travel insurance and travel insurance
Typical retail travel insurance usually offers comprehensive coverage, but surprisingly not many credit cards include travel insurance.
“Even if you pay a high annual fee for a credit card, the coverage offered lacks important benefits to protect you and your travel investment,” he says. Terry BoyntonCo-founder and President of Yonder Travel Insurance.
Do you have enough credit card coverage?
Surprisingly, many credit cards that offer travel insurance don't offer enough benefits for emergencies before or during your trip.
Yonder found the following discrepancies regarding credit card coverage:
- 20-27 fewer reasons to cancel trips
- Medical evacuation coverage reduced by one-tenth
- Travel delay coverage reduced by 5x
When to consider additional travel insurance
Even if your credit card has some coverage, it's a priority to make sure you have sufficient third-party medical insurance while traveling.
”medical evacuation Also, credit card coverage rarely includes medical expense coverage, so you'll be responsible for paying for any medical expenses you incur while traveling,” says Boynton.
Additionally, some credit cards have a maximum trip cancellation limit. If your trip costs exceed this amount, you may not be reimbursed for the remainder of your trip unless covered by additional insurance. Conversely, if you don't pay off your credit card balance for the travel amount, you could end up paying interest on your travel costs.
Make up for any gaps in your credit card coverage by choosing comprehensive coverage through a travel insurance comparison site like . Overseas travel insurance. Be sure to insure travel expenses that exceed your card's trip cancellation/interruption limit and ensure that your medical expenses and health insurance totals are at least the minimum amount. $100,000 For overseas travel, respectively.
experts in Overseas travel insurance has provided hundreds of policies from the best travel insurance companies in the United States to help you find the best travel insurance for your trip.
contact:
megan palmerMarketing Director
(952-358-6459)
[email protected]
Source Yonder Travel Insurance
