Illness and natural disasters alone interfere with 1 in 6 Americans’ travel plans, while only 22% of those impacted have the necessary travel insurance coverage, so it certainly pays to explore your options.
CardHub released 2015 Travel Insurance Report, which examines the coverage that the most popular credit cards provide for things like trip interruptions, lost luggage and accidents. Illness and natural disasters alone interfere with 1 in 6 Americans’ travel plans, while only 22% of those impacted have the necessary travel insurance coverage, so it certainly pays to explore your options.
Key Findings
- Accident and luggage coverage are both common components of the travel insurance provided by rewards credit cards, being offered by 88% and 63% of the cards we reviewed, respectively.
- More than 1 in 5 (23%) of credit cards offering travel accident insurance provide benefit amounts in excess of $300,000.
- Among the cards offering luggage insurance, 73% provide coverage for lost luggage, 45% cover delayed luggage and 18% cover both.
The 5 Best Credit Cards for Travel Insurance are:
- Chase Sapphire Preferred (93%)
- Discover it (91%)
- Wells Fargo Propel 365 & Citi Prestige (86%)
- Wells Fargo Propel World & Chase Freedom (83%)
- U.S. Bank FlexPerks (82%)
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
