Differences between travel insurance issued by a credit card as opposed to an insurance company? [closed]

Differences between travel insurance issued by a credit card as opposed to an insurance company? [closed] - White and Blue Plastic Pack

Does anybody have any experience making a claim with a credit card company while using their travel/medical insurance as oppose to an insurance company package & what are the differences between the two. Particularly ones available to Canadians. What are the pros and cons of each type? Which one is the easiest to claim?

Edit: I actually want to know if it's possible to just travel with credit card insurance as the only coverage and has anybody done so and maybe has an example. Zero insurance coverage from any other sources besides the credit card.

Can anyone help me edit? It's definitely travel-related. I'm just a zombie right now.

canadainsurancepayment-cards


Best Answer

It really depends on which credit card you have and which travel/medical insurance policy you have. Typically, the credit card insurance is considered secondary, meaning any other policy will have to pay out first. Additionally, you may want to check and see if your travel/medical insurance policy is secondary or primary. Oftentimes they are secondary to any other health insurance you may have.



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Does a credit card have travel insurance?

What is credit card travel insurance? Credit card travel insurance is nearly identical to regular travel insurance. The only difference would be the terms and conditions, but that would apply to any policy. There are two different types of policies when discussing travel insurance: travel medical and trip protection.

What is the benefits of credit card insurance?

A Credit Card Insurance Plan offers financial protection to the cardholder in case of an unforeseen event where the cardholder is unable to repay the credit card bills due to loss of income, disability, injury, or death.

What is a credit card insurance?

Credit card payment protection is an optional insurance program that allows you to put your card's minimum payments and fees on hold following certain life events. Payment protection may help your credit card account remain in good standing - even when something unexpected occurs.

Does my Mastercard have trip cancellation insurance?

You get Mastercard travel insurance just by having a Mastercard. It's free, too. There are six different types of Mastercard travel insurance available: travel accident insurance, trip cancellation/interruption insurance, trip delay insurance, insurance for lost or delayed baggage, and rental car insurance.


Credit Card Travel Insurance



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Answer 2

Credit card insurance usually just covers emergency evacuation, returning of remains (if yo die), and the like. There are specialized travel insurance companies that will sell you insurance for your stay. These policies often cover medical expenses locally, as well as providing the same or additional coverage that your credit card might provide.

For example, if you were traveling in Russia and got sick and had to visit a hospital, it is unlikely that your credit card policy would cover the payments. If however, you died while traveling in Russia, the credit card company might cover bringing your remains back to your home country.

Some countries require travel insurance (beyond what a credit card provides) for long-term stays.

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

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