Finally, credit cards do not come with medical insurance coverage. The Amex Cobalt has a huge welcome bonus worth up to 30,000 points after spending $500 every month for the first year. Terms apply. In order to protect yourself and your finances, its important to consider investing in travel insurance. Note that you must be on a trip starting from your city of residence to be covered. Consider the type of coverage offered, the cost of the policy, and any additional benefits provided by the policy. If some of the coverages in the package plan are not important to you, you can select only the coverage(s) you want and pay accordingly. 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. (Enrollment required for select benefits.). Fortunately, travel insurance is widely available, reasonably affordable, and simple to secure. However, all American Express credit cards offer an optional "Premium Car Rental Protection policy" that can be added to rentals made using the card for a small fee. Another useful American Express Gold Card travel insurance protection covers cardmembers when they rent a car. As a result, many TPG readers have sent in questions about Amex's travel insurance protections. 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. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. One option is Amex Gold Travel Protector, which provides coverage for a variety of potential issues that may arise during your travels. Even with a steep annual fee, you'll get excellent dining and travel perks that can help make up for the cost. 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. Cardholders of the American Express Gold Card can get baggage protection on their checked and carry-on bags when traveling on a common carrier such as an airline. NerdWallet's ratings are determined by our editorial team. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the. Copies of your common carrier tickets and travel supplier receipt, Your eligible card billing statement showing the charges for the covered trip, Copy of travel supplier's cancelation policy. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). One of the newest travel insurance perks of the American Express Gold Card (added as of Jan. 1, 2020) is trip delay insurance protections. And you can fall back on AmEx Global Assist anytime you run into issues when planning your trip or if you have an emergency during the trip. This is because you can convert 1 point into 1.33 Nectar points via the Avios partnership. All of these benefits can help make your trip smoother and more enjoyable. Lost or stolen passports or travel documents. American Express premium credit cards offer some of the best perks in the credit card space. For more information, see our. 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. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. We take your comments very seriously as they really help us to improve the site. We may be compensated when you click on links from one or more of our advertising partners. Here are a few situations where travel insurance could cover your loss: Whether you should purchase travel insurance or not is a personal decision. 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. Perhaps, for example, you have a need for just medical coverage while traveling abroad. But is Amex Gold Travel Protector worth it? Do not sell or share my personal information. However, you'll need to be wary of several key restrictions: Coverage is secondary. Learn more: How to file travel insurance claims. If worrying about having to cancel your trip or having it disrupted during your journey is an issue, purchasing a travel insurance policy will definitely deliver some peace of mind, both prior to and during your trip. Amex outlines what is not covered, which includes the following: When you have a delay or trip cancellation/interruption that you think qualifies for coverage, you can file a claim by calling Amex at 1-844-933-0648 within 60 days of the covered loss. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Here are some of the most popular, easy-to-use comparison sites that only feature highly financially-rated travel insurance companies. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Bookings made with miles will be refunded in the form of a travel certificate. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. The annual airline fee statement credit can be complicated to take advantage of compared to the broader travel credits offered by competing premium cards. Sometimes it's worth a large investment to reap the benefits of a great credit card. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Like most travel insurance companies, American Express Travel Insurance prices its products within age brackets. We may receive compensation when you click on links to those products. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Plus, your own feed of TPG content. Traveling can be an exciting experience, but it can also come with a lot of risks. When is travel insurance worth it? This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. When not traveling, Megan adventures around her Midwest home base where she likes to attend theme parties, ride her bike and cook Asian food. Ultimately, the best policy for you will depend on your individual needs and budget. According to American Express, a common carrier is an air, land, or water. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your, travel insurance protection covers cardmembers when they rent a car. Typically, you have up to 180 days to file a claim after a delay or cancellation. The American Express Gold Card is packed with valuable rewards and benefits that make it an easy choice for everyday spenders and frequent travelers. Cruise >> Specialized coverage for your unique travel concerns when setting sail. And you can fall back on AmEx Global Assist anytime you run into issues when planning your trip or if you have an emergency during the trip. To receive coverage, you also need to pay for the entire fare with an eligible American Express card or by using Membership Rewards points to book tickets through Amex Travel. 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. Amex currently offers 17 rewards cards, and 11 of them have an annual fee attached. Your email address will not be published. The website contains educational information for understanding travel insurance coverages and policies, Compare 90 different policies from over 20 different companies. American adds new transcontinental route to Orange County. Here is a list of our partners and here's how we make money. You may have coverage if you become ill due to COVID-19 and need to cancel your trip, depending on the terms of your policy. While American Express Travel Insurance does not cover trip cancellation due to fear of contracting COVID-19, there may be coverage in certain circumstances. helps coordinate services when things go wrong on a trip. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. 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