How does Capital One Quicksilver travel insurance work?

Question

Capital One credit card travel insurance covers car rentals and lost, damaged, or stolen luggage. It also covers you for death and injury when you travel as a passenger. You’re covered only if you make your travel purchases with a Capital One card.

Benefit availability and coverage limits vary among Capital One cards. Benefits may also differ depending on whether your Capital One card is on the Mastercard or Visa network. If you have a Capital One Visa Signature card, you’ll enjoy benefits such as travel concierge service, roadside assistance, and other travel perks in addition to what your Capital One card offers. Refer to your card’s Guide to Benefits for details.… read full answer

Here are the Capital One credit card travel insurance benefits:

Car rental insurance. Covered for damage and theft for up to 31 days when you purchase the entire rental on your Capital One card. Must also decline the rental agency’s insurance. Coverage includes towing to the nearest body repair shop. Covers most cars up to the full cash value. Vehicles not covered include, but not limited to trucks, motorcycles, RVs and luxury vehicles.

Travel accident insurance. Covers the cardholder and immediate family up to $250,000 if a travel accident causes death or dismemberment. Must pay for travel fare with a Capital One Visa Signature card to be covered. Policy covers accidents while traveling on a “common carrier.” Includes airplanes, trains, boats, buses, and other motorized vehicles or crafts.

Lost luggage reimbursement. Checked or carry-on luggage is covered up to $3,000 if lost, damaged, or stolen. Covered only for fares purchases with an eligible Capital One card. Items not covered include, but not limited to money and credit cards; eyeglasses and contact lenses; artwork; cell phones; and motor vehicles, equipment, and accessories.

Capital One credit card travel insurance can save you hundreds, if not thousands of dollars if an unforeseen event occurs while you’re traveling. Familiarize yourself with the terms of your benefits and confirm that you’re covered before you pay.

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Answer 1 · 2020-03-26 06:51:09

MICHAEL BATTLE, Credit Card Gamer

@mikebattle 03/26/20 This answer was first published on 03/26/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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There are two type of Capital One Quicksilver travel insurance: travel accident insurance and lost luggage reimbursement. Capital One Quicksilver travel accident insurance covers cardholders when they, their spouse or their unmarried dependent children are killed or permanently injured by a travel provider. The trip must be booked with the Quicksilver card. The coverage amount is up to $100,000 per trip with the Visa Platinum version of the Quicksilver card. It’s $250,000 per trip with the Visa Signature version. Some situations are not covered. They include emotional trauma, bacterial/viral infection, disease and more.

The second type of Capital One Quicksilver travel insurance, lost luggage reimbursement, is only available on the Visa Signature version of the card. It offers up to $3,000 in protection per trip for checked luggage and/or carry-on bags that are lost by a travel provider. Certain items in your luggage are not covered, however, including glasses, checks, sports equipment and others. Plus, lost luggage coverage is secondary to any other existing insurance you might have covering your bags. So you’d have to go through that other insurance first. And again, you must have paid for the trip using your Quicksilver card.

Filing a Capital One Quicksilver travel insurance claim requires notifying the Benefit Administrator within 20 days of the loss in order to get a claim form. You’ll have 60 to 90 days from the date of the incident to return the form and supplemental documents. The number to call and timeline depend on the benefit and the type of card you have. Check your benefits guide for details.

Answer 2 · 2020-03-26 06:49:44

JAMIE THOMPSON, Retired Accountant

@ExTaxMan 03/26/20 This answer was first published on 09/12/18 and it was last updated on 03/26/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Capital One Quicksilver travel insurance benefits are decent actually. You get travel accident insurance which reimburses you in the event of death or dismemberment. That comes at no extra charge when you use your Quicksilver credit card to purchase your fare.

The coverage is only extended to you and your immediate family.

How does Capital One Quicksilver travel insurance work?

MICHAEL BATTLE, Credit Card Gamer

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JAMIE THOMPSON, Retired Accountant

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