There are five types of Chase Ink Business Preferred travel insurance: travel accident insurance, trip cancellation/interruption insurance, trip delay insurance, lost luggage insurance, and baggage delay insurance. These benefits will reimburse up to hundreds of thousands of dollars in covered expenses when unforeseen circumstances negatively impact a trip paid for with the Ink Preferred card. The card also offers rental car insurance, but that’s typically considered a separate category from travel insurance.
Chase Ink Business Preferred travel accident insurance will pay up to $500,000 per person (up to $1,000,000 total) for loss of life or disfiguring injury caused when you’re traveling on a plane, train, cruise ship, bus, etc. This benefit covers you and your immediate family members.
Trip cancellation/interruption protection covers you and immediate family members when your trip is cancelled or cut short because of circumstances out of your control. This could include injury, severe weather, military orders, jury duty and more. You can get up to $5,000 per person per trip.
Trip delay reimbursement covers you, your spouse and any dependent children under age 20 up to $500 each when your trip starts late because of things like equipment failure or inclement weather. Chase will reimburse you for the unplanned extra expenses you incur, such as lodging, food, toiletries, etc.
Chase Ink Business Preferred lost luggage insurance offers up to $3,000 per person per bag when luggage is lost or stolen while in the care of a travel provider. This coverage applies to you and your immediate family.
Baggage delay insurance reimburses extra expenses resulting from your bags arriving to a destination at least 6 hours late. It pays up to $500 per person per day for up to 5 days. It covers you and your immediate family.
Keep in mind that there’s plenty of fine print for each type of Chase Ink Business Preferred travel insurance. And the timelines for filing a claim will also differ. Be sure to read your card’s benefits guide for the full details.
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