However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. As a result, many TPG readers have sent in questions about Amex's travel insurance protections. Terms apply. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. One of the newest travel insurance perks of the American Express Gold Card (added as of Jan. 1, 2020) is trip delay insurance protections. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. Nearly all of Amex's premium rewards cards offer baggage insurance. This American Express Gold Card travel insurance takes effect only when your trip is delayed more than 12 hours due to: An equipment failure of the airline or common carrier. This is a key benefit of purchasing travel insurance through American Express Travel Insurance. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your American Express Gold Card or American Express Membership Rewards points. For more information, see our. Amex's highest level of coverage offers decent protection that will suit most people, but some travelers will want more. All permanent U.S. residents are eligible to purchase travel insurance with American Express. When not traveling, Megan adventures around her Midwest home base where she likes to attend theme parties, ride her bike and cook Asian food. And the maximum benefit for each of these is capped at a certain amount. You may also have coverage if you become ill due to COVID-19 during your travels. Trip insurance can cover prepaid non-reimbursable expenses. This AmEx card gets you baggage, car rental and trip delay insurance alongside AmEx Global Assist services. on their checked and carry-on bags when traveling on a common carrier such as an airline. Exploring the World of Knowledge and Understanding. Her previous experience involved building and writing business plans in the mergers and acquisitions sector in New York, as well as staffing in the insurance and financial technology software field. Our partners compensate us. Terms apply. The Gold Card has an annual fee of $250, which is effectively $30 when you factor in its monthly statement credits at select restaurants and its airline fee credit. When considering Amex Gold Travel Protector, its important to understand what types of coverage it offers. Amex Platinum has more travel perks, like lounge access, Global Entry fee credit, elite hotel status, and luxury travel discounts. While lounge access and travel credits are typically the highlights of these cards, some of the lesser-known benefits, such as trip delay reimbursement and trip cancellation and interruption insurance, are becoming hot topics as the coronavirus pandemic continues to impact the travel industry. The high annual fee is only worth it if youre taking full advantage of the cards benefits. It has relevant bonus . There are some things you just can't plan for. Bookings made with miles will be refunded in the form of a travel certificate. Terms apply. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. Amex currently offers 17 rewards cards, and 11 of them have an annual fee attached. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Few travel insurance companies offer the option to purchase stand-alone travel medical coverage. However, it can still be an excellent resource when you need help before or during your travels. Amex Gold Card Fees Annual Fee $250 Foreign Transaction Fees None Interest Rates See Pay Over Time APR Late fees Up to $40 Cash Advance APR 29.74% Variable Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Learn more: How to file travel insurance claims. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Does AMEX offer an Annual Travel Insurance Policy? American Express premium credit cards offer some of the best perks in the credit card space. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. You can find the full terms and conditions of what is generally covered on your respective card in your Guide to Benefits, which can be found through your online account. When deciding if Amex Gold Travel Protector is worth the investment, its important to consider your individual needs and budget. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the. New trip cancellation and interruption insurance from American Express credit cards will provide you with up to $10,000 in coverage (and up to $20,000 per account per year) you can use for . For example, if you book a domestic round-trip flight, a hotel, and a rental car, you may have sufficient coverages on your credit card to cover that trip. You might look to a company specializing in insuring these activities such as World Nomads. Families: I'm not saying families should flat-out reject American Express Travel Insurance. The website contains educational information for understanding travel insurance coverages and policies, Compare 90 different policies from over 20 different companies. Court subpoenas, orders to report for active duty, physician orders, etc. and decline the rental company's collision damage waiver product. Find the right card for you. You can find more details about the coverage offered by Amex Gold Travel Protector on their website. 3x on eligible Delta purchases, 1.5x on purchases of $5,000 or more (up to 50,000 additional miles per calendar year), 1x on all other purchases. Amex Gold Travel Protector offers a range of coverage options, including trip cancellation and interruption coverage, medical and dental coverage, baggage protection, and more. The American Express Gold Card is a great card for dining out, ordering takeout and traveling, but it comes with a relatively high $250 annual fee ( see rates and fees ). Terms apply. Coverage is limited to $500 per trip and cardmembers are only eligible for two claims each 12 consecutive month period. Amex Gold is cheaper at $250 annual fee per year. Yes, the American Express Platinum card is considered an elite card. Coverage is worldwide except for where it would violate U.S. trade or economic sanctions. Get Travel Guard quotes now Instant quotes from TravelInsurance.com partner site Coverage If youre looking for medical coverage for an international trip, for example, purchasing with an established company at a reasonable price makes American Express Travel Insurance a worthy choice. Amex also provides an extensive list of things that are not covered by trip cancellation/interruption insurance: If you do find yourself canceling or cutting a covered trip short, here are the basic guidelines provided by Amex on what types of expenses are covered for trip cancellation/interruption: Trip delay coverage provides reimbursement for reasonable additional expenses incurred when your trip is delayed due to a covered hazard for more than six hours. AIG Travel Guard Insurance Coverage Review - Is It Worth It? The AmEx Global Assist Hotline services available to American Express Gold Card members aren't as comprehensive as what you'll get on other premium AmEx cards. The card details on this page have not been reviewed or provided by the card issuer. Your rental car, as well as taxis and ride-share services such as Uber and Lyft, would be excluded from this protection. Sign up for our daily newsletter! The best travel credit cards may surprise you. Youll enjoy additional coverage if you use The Platinum Card from American Express, The Business Platinum Card from American Express, the Platinum Card from American Express Exclusively for Mercedes-Benz and Morgan Stanley-branded Platinum Card (but not the Delta SkyMiles Platinum American Express Card). Hilton Honors American Express Aspire Card: The Amex EveryDay Preferred Credit Card from American Express, Everything you need to know about Amex's baggage insurance plan. Bottom Line: Having the option to select only the coverages you want allows you to save money by not paying for coverages you dont need. Use your American Express Gold Card to book travel to get up to $1,250 in coverage for lost or stolen baggage and up to $300 in reimbursements during a covered delay of 12 hours or more. So how do we make money? The Gold Plan selected offers up to $100,000 in emergency medical, up to $750 in emergency dental, and up to $100,000 in emergency evacuation/repatriation. Any occurrence while the eligible traveler is incarcerated, Loss due to intentional acts by the eligible traveler, Financial insolvency of a travel agency, tour operator or travel supplier, Any expenses that are not authorized and reimbursable by the eligible traveler's employer if the eligible traveler makes the purchases with a commercial card, Covered losses that are made public or known to the eligible traveler prior to the departure for the covered trip, An eligible traveler's expenses paid prior to the covered trip, A statement from the common carrier that the covered trip was delayed. Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy. Pre-qualified offers are not binding. Plus Ups are excluded. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. However, if youre investing in an expensive trip or 1 that involves multiple travel providers, purchasing a comprehensive travel insurance policy is a prudent move. If you're a frequent traveler, you've likely run into this situation at some point (it's the worst). You want a travel credit card that prioritizes whats important to you. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Travel insurance can help you avoid losing the investment you made when booking your trip, reimburse you for covered expenses should your trip be disrupted due to a covered event, or pay for emergency medical services. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. The card is a good choice for the occasional Delta flyer without elite. American Express Travel Insurance offers 4 levels of travel insurance package policy plans a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. However, this mid-tier rewards card also offers cardholders several travel perks that can make it an appealing option for booking flights and rental cars. Each of these travel protections has limits, exclusions and requirements. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. The American Express Preferred Rewards Gold card is issued directly by American Express and has recently been changed from a charge card to a credit card. 3X FOR FLIGHTS BOOKED WITH AIRLINES Dave Herholz (CC BY-SA 2.0) via Flickr Click Registration to join us and share your expertise with our readers.). Here are a few situations where travel insurance could cover your loss: Whether you should purchase travel insurance or not is a personal decision. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. You or a covered family member become ill and you must cancel your trip. All financial products, shopping products and services are presented without warranty. Note that you must be on a trip starting from your city of residence to be covered. That is up from the previous bonus of 35,000 points. CFAR is not a stand-alone insurance policy it is an add-on coverage you select when you purchase a travel insurance policy or coverage you may be able to add to a travel insurance policy after purchase, within an initially specified timeframe. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. The price of this plan would be $32 for the entire trip. These reasons consist of events that are unforeseen and unexpected. If you're an everyday cardholder wondering if the Amex Gold is worth it for you, take it from us: The Amex Gold is one of the best cards on the market if you spend heavily on food and make the most of its perks on dining and travel. Additional coverages can be added to travel insurance policies such as CFAR insurance, a preexisting conditions waiver, and other benefits not available with credit cards. All Rights Reserved. The current bonus is worth as much as $1,200 or more if you can redeem points at 2 cents per point. Finally, credit cards do not come with medical insurance coverage. Travel Protection Plan. This could be a huge plus if you are not interested in duplicating credit card travel insurance coverages or in having just secondary or excess coverage. Enrollment required. The average initial bonus is 31,338 points/miles or $230 cash back. Join us while we check out the types of policies the company offers, any limitations of which to be aware, and additional options for protecting your next trip appropriately. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. Bottom Line: Travel insurance does not cover canceled trips due to fear of getting COVID-19 or a government declaration that a specific destination is unsafe. Image Credit: Upgraded Points In addition, as an Amazon Associate we earn from qualifying purchases. Who's covered: This policy covers both primary and additional cardholders, as well as cardmembers spouses or domestic partners and any dependent children under 23 years old. We'll run a soft credit check to find special offers, but it wont affect your credit score. Related: The best credit cards with travel insurance. Trip delay reimbursement requires the following documentation: Trip cancellation/interruption insurance requires slightly different documentation. You can change or modify your policy prior to your trip. When evaluating offers, please review the financial institutions Terms and Conditions. The cheapest car rental companies, according to data, One of the newest travel insurance perks of the, (added as of Jan. 1, 2020) is trip delay insurance protections. is a former TPG writer, covering everything from the latest deal to deeper guides with a focus on beginners. Jonnica Hill via Unsplash. This should be done as soon as possible, but. $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. helps coordinate services when things go wrong on a trip. You must purchase a new policy for each individual trip. When evaluating whether or not Amex Gold Travel Protector is worth it, the most important factors to consider are the types of coverage offered and the cost of the policy. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. Featured Image Credit: This card's value can more than cover its $250 annual fee in the right hands. All Amex cards have access to Amexs Global Assist Hotline, but the Premium Global Assist Hotline and higher level of coverage are reserved exclusively for the Amexs premium cards: The information for the Amex Centurion and Amex Business Centurion cards has been collected independently by The Points Guy. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. But, don't worry if you booked a complicated itinerary. Cancel for Any Reason Insurance must be purchased to cover these voluntary cancellations. Once your trip is completed, you cannot request a refund. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Terms apply. check out the full list of cards and details on American Express's website. It is better for dining out and U.S. supermarkets. Amex Gold Travel Protector covers a variety of potential issues that may arise during your travels, including trip cancellation and interruption coverage, medical and dental coverage, and baggage protection. This is a very limited comparison your results will be different based on your specific details. 2023 Upgraded Points, LLC. Your email address will not be published. If you can max out all the benefits this card has to offer, it might become a cornerstone of your wallet. to get secondary coverage of up to $50,000 for damage or theft. Megan has built and directed remote content teams and editorial strategies for websites like GoAbroad and Go Overseas. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the American Express Gold Card including all round-trip and one-way travel along the way. Here are some of the most popular, easy-to-use comparison sites that only feature highly financially-rated travel insurance companies. 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