I'll use the Delta SkyMiles Reserve as an example. The types of losses it covers: Youre covered for losses resulting from damaged, stolen or lost baggage, including both carry-on and checked bags. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic . The Delta SkyMiles Gold American Express Card was revamped in 2019 with a new list of perks and revised earning rates. NerdWallet strives to keep its information accurate and up to date. You might look to a company specializing in insuring these activities such as World Nomads. When considering which policy to invest in, its important to weigh the pros and cons of each option. According to American Express, a common carrier is an air, land, or water. 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). Many or all of the products featured here are from our partners who compensate us. | There are two situations in which travel insurance can be worthwhile: to protect your trip and to protect your health. 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. 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. Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy. Empowering Lives with Nutritious and Delicious NDIS Meals! Rent a car with your American Express Gold Card to get secondary coverage of up to $50,000 for damage or theft. Then, if your flight is delayed for more than 12 hours for a covered reason, American Express will reimburse you up to $300 for reasonable expenses such as meals, lodging, toiletries, medication and other personal use items. Here, we will take a closer look at the coverage offered by Amex Gold Travel Protector. Your email address will not be published. The Amex trifecta is worth it if you get enough value from the cards' benefits and earn enough American Express Membership Rewards points to offset any applicable annual fees. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Regardless, it's still a smart idea to have some protections in place, like baggage insurance. We believe everyone should be able to make financial decisions with confidence. The Hilton Honors Card. Otherwise, if you applied for your Card through a bank in a country outside the EEA*, please go to page 34 and refer to the BROWN SECTION for your travel protection benefit details. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. trip cancellation and interruption insurance, Best credit cards for trip cancellation and interruption insurance, Hilton Honors American Express Aspire Card, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Marriott Bonvoy Brilliant American Express Card, Delta SkyMiles Platinum American Express Card, Delta SkyMiles Platinum Business American Express Card, The best credit cards with travel insurance, Book carefully if you have multiple Amex cards that offer travel protections, when to use American Express Premium Car Rental Protection. So how do we make money? The card details on this page have not been reviewed or provided by the card issuer. This is a welcome change. to get these travel protections. Coverage is limited to $500 per trip and cardmembers are only eligible for two claims each 12 consecutive month period. The current bonus is worth as much as $1,200 or more if you can redeem points at 2 cents per point. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Unlock new opportunities and expand your reach by joining our authors team. Each of these travel protections has limits, exclusions and requirements. 3x on eligible Delta purchases, 1x on all other purchases (that can become 1.5x after you spend $150,000 in a calendar year.) Types of Amex Gold card Travel Insurance 3x on eligible Delta purchases, 1x on all other purchases. While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. Selecting a company is not difficult as there are dozens of reputable, highly financially-rated, established companies, but comparing policies is essential for getting the best value for your money. CFAR insurance is expensive, does not cover the entire cost of your trip, and not all companies sell the coverage, including American Express Travel Insurance. Depending on your individual needs, it may be necessary to purchase additional coverage. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress Plus, your own feed of TPG content. American Express premium credit cards offer some of the best perks in the credit card space. After Amex receives notice of your claim, instructions will be sent on how to send the proof. This information may be different than what you see when you visit a financial institution, service provider or specific products site. American Express Travel Insurance, underwritten by AMEX Assurance Company, is one of those highly-respected, highly-rated, established companies offering comprehensive travel insurance solutions. 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. Travel Protection Plan. 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. These complimentary coverages are useful and can offer more than adequate coverage for most trips. Additionally, the policy provides access to 24/7 customer service, emergency assistance, and legal advice. Terms and conditions apply. The American Express Gold Card is packed with valuable rewards and benefits that make it an easy choice for everyday spenders and frequent travelers. 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. Terms apply. For package travel insurance policies, you might be able to realize modest savings by shopping around, but you wont go wrong with the company selection of choosing American Express Travel Insurance. Terms apply. Unfortunately, not every flight delay will be covered. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. Yes, the Amex Gold card does have travel insurance benefits, the best of which are car rental loss and damage insurance and baggage insurance. Why is Good UI/UX Design Imperative for Business Success? Bottom Line: Knowing a travel insurance companys age pricing brackets can help you determine which company offers you the best value for your money. Could be worth it. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. Trip insurance can cover prepaid non-reimbursable expenses. While American Express Travel Insurance does not cover trip cancellation due to fear of contracting COVID-19, there may be coverage in certain circumstances. Terms apply. These include up to $120 in Uber Cash, up to $120 in dining. Credit card travel insurance coverage, however, is not a replacement for a comprehensive travel insurance policy, for these reasons: Bottom Line: While the travel insurance coverages that come with credit cards may be sufficient to cover a simple trip where there is no large investment at stake, these coverages are by no means a replacement for a comprehensive travel insurance policy. You are injured in an accident during your trip and need to be evacuated to a hospital by air ambulance. Nothing is worse than getting through an entire claims process only to be denied or have to start over because you dont have the required documentation for the insurance provider. For more information on our advertisers, see here. This AmEx collision damage waiver, or CDW, covers damage and theft to the car you rent. 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. Terms apply. Megan Lee joined the travel rewards team at NerdWallet with over 12 years of SEO, writing and content development experience, primarily in international education and nonprofit work. A pretty easy target to hit, especially if you're putting all your food and travel purchases on it, and these super valuable points are definitely worth the wait. However, you'll need to be wary of several key restrictions: Coverage is secondary. This is a key benefit of purchasing travel insurance through American Express Travel Insurance. Keep in mind that a provider may ask for additional documentation related to the incident, so you may have to collect receipts and other forms to help your case. Terms apply. Featured Image Credit: Terms apply. American Express Travel Insurance offers 4 levels of travel insurance package policy plans a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. That is up from the previous bonus of 35,000 points. This AmEx card gets you baggage, car rental and trip delay insurance alongside AmEx Global Assist services. There is also no coverage for canceling a trip due to a U.S. State Department announcement warning of COVID-19 in a particular area. 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. One of the newest travel insurance perks of the American Express Gold Card (added as of Jan. 1, 2020) is trip delay insurance protections. Does AMEX offer an Annual Travel Insurance Policy? $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals. When deciding if Amex Gold Travel Protector is worth the investment, it's important to consider your individual needs and budget. While its reasonable to want to cancel your trip due to fear of COVID-19, canceling a trip due to the fear of any illness is not a covered reason on any travel insurance policy. Typically, you have up to 180 days to file a claim after a delay or cancellation. We would be anticipating 2-4 international trips per year starting in 2023. isn't a premium travel card, it still offers core travel insurance protections that can make it the go-to card for booking travel and rental cars. as your travel assistant. For years, the Amex Gold Card has been one of the strongest travel cards on the market thanks to a reasonable annual fee and some unbeatable bonuses on groceries and dining that make it a go-to card to earn more points for everyday expenses. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. The price for coverage is the same for everyone in that specific age bracket. The high annual fee is only worth it if youre taking full advantage of the cards benefits. This. Sometimes it's worth a large investment to reap the benefits of a great credit card. As long as you paid full fare on a common carrier, your flight is. This is because you can convert 1 point into 1.33 Nectar points via the Avios partnership. Terms apply to the offers listed on this page. How to book better and avoid flight delays. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. Here, we will take a look at some of the ways you can save money with Amex Gold Travel Protector. Think of AmEx Global Assist as your travel assistant. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). After all, American Express Membership Rewards points are valued at up to 2.1 cents each. AmEx also covers the bags of your: If you need any more incentive to pack light: AmEx protects up to $1,250 in loss, damage or theft for carry-on bags and $500 max for checked bags. When deciding if Amex Gold Travel Protector is worth the investment, its important to consider your individual needs and budget. Terms apply. 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. For more information, see our. If you need this coverage while traveling, youll want to purchase a separate policy. Hi William. All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. ? With Amex Platinum Trip Cancellation Insurance, you're are eligible for up to $10,000 per trip (with a maximum payout of $20,000 per 12-month period) for flight cancellations occurring due to a covered reason (such as inclement weather, jury duty, injury, illness, etc. The best travel credit cards may surprise you. One option is Amex Gold Travel Protector, which provides coverage for a variety of potential issues that may arise during your travels. 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. He published over 2,000 articles on The Points Guy before becoming a freelance writer. You can see the entire list of cards that offer secondary car rental protection on the American Express website. American Express offers you 2 options when it comes to purchasing travel insurance. $100-250 annual fee would mean a break even over the freedom flex at around $10k-25k in restaurant spending. The American Express Gold Card's 4 points per dollar earnings rate at restaurants and U.S. supermarkets (up to $25,000 per calendar year, then 1 point) make the card a rewarding choice . Improve earnings, maximize rewards and track progress toward dream trips. Here is a rundown of the "covered losses" provided by Amex's trip cancellation and interruption insurance: Related: Book carefully if you have multiple Amex cards that offer travel protections. The American Express Gold Card is best known for its dining, grocery and rideshare perks. Note, the estimated return rate for these cards is based on TPGs latest valuations: The information for the Amex EveryDay Preferred card has been collected independently by The Points Guy. Enrollment required. The travel protection benefits provided are the same under the two sections, however, the basis on which we provide them is different. including all round-trip and one-way travel along the way. This card comes with a long list of benefits, including access to Centurion Lounges, complimentary elite status with Hilton and Marriott, at least $500 in assorted annual statement credits and so much more. Yes, overall. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. For example, this service can help you arrange emergency medical referrals. It is designed for people with excellent credit and offers rewards, travel benefits, and other perks. Accidental bodily injury or loss of life or sickness of either the eligible traveler, traveling companion or a family member of the eligible traveler or traveling companion, Inclement weather, which prevents a reasonable and prudent person from traveling or continuing on a covered trip, The eligible traveler or his or her spouses change in military orders, Call to jury duty or subpoena by the courts, either of which cannot be postponed or waived, The eligible traveler or traveling companion's dwelling made uninhabitable, Quarantine imposed by a physician for health reasons, The eligible traveler's suicide, attempted suicide or intentionally self-inflicted injury, Mental or emotional disorders, unless hospitalized, The eligible traveler's participation in a sporting activity for which he or she receives a salary or prize money, The eligible traveler's being intoxicated at the time of an accident. Allianz Travel Insurance Coverage Review Is It Worth It? 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. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. Earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. From travel protections to car rental damage waivers, let's find out how the American Express Gold Card travel insurance works. Our opinions are our own. If you're outside of the United States, you can call collect at 1-303-273-6497. If you prepaid for your trip and cannot. 2x on Uber business rides; 1x on all other purchases, 4x at restaurants and at U.S. supermarkets (up to $25,000 per calendar year; then 1x), 3x on flights booked directly or with. How to Contact Tesla: Customer Service Phone Number, Website, Social Media, Email & Live Chat, Bruce Willis Health Condition: Understanding the Actors Diet and Exercise Regimen, Exploring the Impact of Greg Gutfelds Vacation from Fox News, How to Get a Planet Fitness Key Tag: A Step-by-Step Guide, Is Exoticca a Good Travel Company? Ultimately, the decision to invest in Amex Gold Travel Protector should be based on your individual needs and budget. Note that this limit is applied per person and not per bag. When is travel insurance worth it? If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. 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 . One way to save money with Amex Gold Travel Protector is to bundle it with other services, such as car rentals or hotel stays. Policies are designed to cover disruption due to the reasons listed in the policy you purchased. Terms apply. For example, if you become sick with the virus and have to cancel your trip as a result, you may have coverage under trip cancellation insurance. The current welcome offer on this card is quite lucrative. Credit card travel insurance is administered by a third party, not by the issuing financial institution, thus making the claims process potentially redundant and complicated. Blue from American Express. 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. Learn more. [1] [2] If a victim makes the payment, the . Bottom Line: American Express Travel Insurance offers 4 different levels of package policies, each comprising a collection of coverages most travelers look for. American Express Trip Cancel Guard The flexibility to change your mind. One downside, especially in todays environment, is that American Express Travel Insurance does not sell CFAR insurance. Finally, there are potential savings available through bundling the policy with other services or through discounts offered by certain credit cards. These reasons consist of events that are unforeseen and unexpected. Lost or stolen passports or travel documents. Terms apply. 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. The American Express Gold Card is best known for its dining, grocery and rideshare perks. If you want to make sure youre purchasing from an established company and have specific coverages youre more interested in than others, American Express Travel Insurance is a solid decision. But families don't get a break on premiums. I have since found that Amex "travel insurance" offers 4 different packageswith "Basic" around the same price, however the benefits seem to be much less between the "Gold Travel Protector (GTP)" (at time of purchase) and the "Basic" travel insurance (after the fact) offers. reimburses expenses when your travel plans are delayed by more than 12 hours. The interest rate on the American Express Gold card is 22.9% APR variable with a 57.6% APR variable including the annual fee (although the Amex Gold credit card is free for the first 12 months). No, you do not need to be an American Express cardholder to purchase a travel insurance policy from American Express Travel Insurance. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Like most travel insurance companies, American Express Travel Insurance prices its products within age brackets.