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.
Well, even the basic Mastercards have it. You just need to book your travel w your card. Of course, World and World Elite cards provide a (way) more consistent coverage.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.