Source: The Points Guy
Summary
Credit cards can offer trip cancellation and interruption insurance, reimbursing nonrefundable expenses if plans fall apart due to unforeseen circumstances. The best credit cards for this type of insurance include the Chase Sapphire Preferred, Chase Sapphire Reserve, American Express Platinum Card, and The Business Platinum Card from American Express. Coverage limits, eligible expenses, and qualifying events vary by card. Reviewing the card’s guide to benefits is essential before booking travel.
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The destination is rediscovered.
Credit card trip cancellation and interruption insurance can provide meaningful protection for travel expenses. Cards like the Chase Sapphire Preferred and Reserve offer coverage of up to $10,000 per covered person and $20,000 per trip. American Express cards cover traveling companions, not just immediate family members. Always review the card’s guide to benefits to confirm eligibility before booking. Filing a claim requires contacting the issuer, submitting evidence, and presenting documentation. Credit card insurance may cover natural disasters, but policies vary.
The trip promises a break, but the fine print is essential.
Author: Evan Null
