Yes, Chase Sapphire Reserve covers flight delays as part of travel insurance. But it's actually called “trip delay” insurance and isn't just limited to flights. It applies to all kinds of transportation by a travel provider, such as planes, trains, buses and cruises. If your flight or other mode of transportation is delayed by more than six hours, you're eligible for compensation. Chase will reimburse you for unplanned expenses that you have to make because of the situation, up to $500 per ticket. It's not automatic, though. You have to submit a claim within 60 days of a covered event as well as provide some documentation. Plus, neither everything nor everyone is covered.

Here's how Chase Sapphire Reserve flight delay insurance works:

• You, your spouse and any dependent children under 22 are covered.
• If your travel is delayed by more than six hours, you may receive up to $500 for each ticket purchased with your Chase Sapphire Reserve or Ultimate Rewards Points.
• You can't make a claim when you were informed of a delay prior to the day of the trip. You must also be traveling outside of your home city to be eligible.
• Eligible expenses for reimbursement are meals, lodging, toiletries and other necessities that you wouldn't have had to purchase if the trip were on time.
• If the airline (or other travel provider) gives you the products and services for free as compensation for the delay, you can't make an additional claim to Chase.
• To make a claim, call the Benefit Administrator at (888) 675-1461 within 60 days of the incident to ask for a claim form. Then complete the form and send it back within 100 days of the incident.
• You'll need to include your original ticket, a statement from the travel provider saying why the trip was delayed, your account statement showing the trip charge, receipts for the incidental purchases you made, and anything else Chase asks for.
• As long as everything is correct, Chase will reimburse you within 60 days of receiving your information.

Chase Sapphire Reserve flight delay insurance isn't the only type of travel coverage you'll receive. Reserve also provides compensation for things like baggage theft or damage, rental car theft or damage, emergency evacuation, emergency medical treatment, and death or serious injury during travel.

All things considered, Chase Sapphire Reserve is tied for second place on WalletHub's list of the best credit cards with travel insurance. So, you can rest assured that your coverage is top notch.