The Citi ThankYou Preferred travel insurance went away with a lot of other Citi travel benefits on September 22, 2019. So there's no more trip cancellation/interruption insurance, travel accident insurance, or rental car insurance if you have this card. It's worth noting that you can't apply for the Citi ThankYou Preferred card anymore as of December 2018.
If you're in the market for a credit card with good travel insurance and benefits, look into the Chase Freedom Unlimited card, which has a $0 annual fee. It covers up to the car's cash value for damage, theft, towing fees, and loss of use fees from the rental agency.
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