Why is it good to have credit card with travel insurance? Whenever we plan to travel, our primary focus is on how choosing the best hotel or the best destination but we forget that travel insurance is equally crucial. Travel insurance doesn’t come cheap. That is why credit cards with complementary travel insurance can bring you that peace of mind.
The most prominent card in the market is Visa. Depending on the type of Visa card, you will be eligible for different type of complimentary insurances on offer.
Visa Classic & Assurance Card
The card covers travel accident insurance, travel insurance, and round-the-clock personal and vehicle insurance.
The Travel Accident Insurance covers death and permanent disability as a result from an accident abroad while using public transport, but it must be paid by a Visa card.
Travel Insurance covers the personal travels you pay by your Visa card. If your trip gets cancelled because of medical reasons, due to death of a closed family member, or if your home or commercial premises are vandalized, then your travel costs will be reimbursed. When your reserved scheduled flight gets cancelled or delayed for more than four hours, then your meals, refreshments, hotel expenses, and round-trip airport or terminal travel expenses are refunded. If your luggage is lost or delayed by more than four hours while leaving for a holiday, your urgent replacement and essential item purchases are repaid. If your flight gets cancelled, delayed or arrival is delayed at the transit zone, if no transport is available within four hours, ticket revaluation cover reimburses any additional costs incurred due to modification to your scheduled flight ticket.
Round the clock personal and vehicle insurance covers your personal or business travels at home and abroad. In this if you need immediate repatriation, you will be immediately repatriated. In case your vehicle faces a breakdown, you will receive assistance and even a replacement vehicle, if needed.
Visa Gold Card
The card covers the benefits of Visa Classic & Assurance card but has some other benefits as well. You get insurance for loss or theft of luggage or unregistered objects during a trip, vehicle hire excess waiver insurance, missed event insurance and civil liability abroad insurance.
Your vehicle hire excess waiver insurance reimburses excess charges if your rented vehicle is lost or damaged. In case you miss an event, your fee for the advanced ticket will be repaid. Civil liability abroad insurance covers costs incurred because of physical injury, consequential material or immaterial damage caused to someone else when you are traveling abroad.
These cards offer great value for money travel insurances. They also cover other risks that are associated with unexpected events. The classic Visa card has manufacturer warranty extension insurance, purchase protection insurance and internet delivery cover. The Gold Visa card has family assistance and childcare in case of hospitalization and theft assurance, which reimburses costs of key replacement, identification documents, handbag or wallet in case of burglary.
So, using the right credit card can save you more money than you imagine.