You get Mastercard travel insurance just by having a Mastercard. It’s free, too. There are six different types of Mastercard travel insurance available: travel accident insurance, trip cancellation/interruption insurance, trip delay insurance, insurance for lost or delayed baggage, and rental car insurance.
Coverage amounts and categories differ based on what level of Mastercard you have: regular, World or World Elite. Plus, it’s up to the card’s issuer whether or not to include each benefit in the first place. Below you’ll find descriptions of the insurance offerings and the dollar amounts of the coverage if they don’t differ by card. Coverage amounts that change based on the Mastercard tier are noted in the last few bullets.
Here’s how Mastercard travel insurance works:
Mastercard travel accident insurance: Reimburses you in the event of serious injury or death aboard a common carrier (airline, cruise ship, bus, etc.). Coverage applies to you, your domestic partner and your dependent children, as long as you pay for the whole fare with your Mastercard.
Mastercard trip cancellation insurance: Reimburses for trips cancelled because of the death, illness or injury of you or a family member. If the travel provider goes out of business that counts too. Some situations, like pre-existing conditions and cosmetic surgery, are not covered.
Mastercard trip delay insurance: Will pay up to $500 per trip for each person whose ticket you pay for with your card. You’re eligible if the travel provider delays your trip for at least 3 hours.
Mastercard baggage delay insurance: Gives you up to $100 per day for up to 3 days you spend without your bag. It covers items you are forced to buy, like clothes and toiletries. All Mastercards have this benefit.
Mastercard lost baggage insurance: Pays up to $3,000 per trip for bags that are lost by the travel provider. Certain types of items, like medical equipment, aren’t covered.
Mastercard rental car insurance: When you rent a car with any Mastercard, you’ll be protected against collision damage and theft, up to $50,000 for rental periods of 31 days or fewer. You have to decline any insurance the rental agency offers you. Certain types of cars aren’t covered: vans, trucks, antique cars, motorcycles, etc. And Mastercard won’t pay for the theft of personal belongings or if you were driving irresponsibly.
Best Mastercard for travel insurance: World Elite Mastercard credit cards give you the most travel insurance, followed by World Mastercards and standard Mastercards. The best World Elite Mastercard for travel is Citi Prestige.
World Elite Mastercard travel insurance: World Elite Mastercard credit cards offer every type of travel insurance. You’re also covered for a higher total dollar amount than with a World Mastercard: up to $1,000,000 for travel accidents.
World Mastercard travel insurance: World Mastercards give every type of travel insurance. They offer just $200,000 in trip accident insurance. They also give up to $1,500 per trip for cancellation.
Standard Mastercard travel insurance: Standard Mastercards only give a mere $100 in travel accident insurance and $100 in trip interruption/delay insurance. Aside from that, they offer the regular baggage delay insurance and rental car insurance amounts.
Each of these benefits comes with a laundry list of restricted situations. So be sure to read your card’s benefits guide in detail to confirm you know what’s covered and what’s not.
Chase credit card travel insurance covers the delay, cancellation or interruption of trips as well as fatal and serious accidents; baggage damage, theft or delay; and damage to or theft of rental cars. But only rental car insurance comes standard with all Chase cards. Depending on the card, it may have none of the other benefits (e.g. Slate), some of them (e.g. Freedom) or all of them (e.g. Sapphire Reserve).… read full answer
You’ll need to take a look at your benefits guide to see which your card offers. And to be eligible for any coverage, you need to pay for your travel using your Chase credit card. Let’s take a look at all the different benefits you could have.
Here are the Chase credit card travel insurance benefits:
Trip delay/cancellation/interruption. These benefits reimburse you if you are forced to alter a trip. The trip has to be more than 1 mile from your house and last 60 days or less. You’re covered for sickness, death, injury, terrorism, severe weather and military orders, among other things. But regular changes in plans, pre-existing conditions and incarceration are some of the notable exclusions. Read your benefits guide for the full list.
Travel accident. Travel accident coverage will compensate you for fatal or serious injuries (loss of limbs, sight, speech or hearing) that happen during a trip. Things like self-inflicted injury, bacterial and viral infections, and injury from illegal activities aren’t covered.
Lost/delayed luggage. If the travel provider loses or damages your luggage, or if your luggage is stolen, you can be reimbursed for its value. Certain types of items aren’t eligible, and certain situations aren’t covered, so be sure to check your guide. And if your bags get to you more than 6 hours late, you can get reimbursed for emergency purchases like clothes or toiletries.
To make a claim for one of these events, Chase’s credit card travel insurance policy requires you to do two things, both of which are time sensitive:
Write to the Chase credit card travel insurance Plan Administrator within 20 days of the incident with a brief explanation of what happened, and ask them to send you a claim form. Here’s the address: Card Benefit Services P.O. Box 72034 Richmond, VA 23255
Fill out and return Chase’s claim form and any other requested information.
If your claim is approved, Chase should reimburse you within 60 days of their decision.
Plus,Chase credit card rental car insurance is available if you decide to take a road trip. As long as you decline the rental agency’s insurance and drive an eligible vehicle (not an RV, limo, etc.), you’re covered. Chase will reimburse for collision damage or theft.
To make a rental car insurance claim, you have to follow a slightly different process: 1) Call the Chase Benefit Administrator (1-888-320-9961) within 60 days of the incident and 2) Return your completed claim form within 100 days of the incident. Chase should pay within 15 days of approving your claim, if they approve it.
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