Chase Sapphire Preferred and Reserve: Overview of Free Travel Insurance
When planning a trip, the excitement of setting off often overshadows potential risks. Travel cancellations, delays, or lost luggage are unfortunate realities that can disrupt your perfect itinerary. However, if you own a Chase Sapphire Preferred or Chase Sapphire Reserve credit card, you can travel with peace of mind, as both cards offer free travel insurance to help you deal with various issues that may arise during your journey.
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1. Trip Cancellation and Interruption Insurance
Whether due to inclement weather, illness, or other qualifying emergencies, Chase's trip cancellation and interruption insurance can provide you with financial protection.
Chase Sapphire Preferred: If your trip is canceled or interrupted, you can receive up to $10,000 per person or $20,000 per trip in reimbursement for non-refundable expenses like airfare, hotels, and travel activities.
Chase Sapphire Reserve: Offers the same coverage, providing up to $10,000 per person or $20,000 per trip for trip cancellations or interruptions.
2. Trip Delay Insurance
When a flight is delayed or other uncontrollable reasons postpone your travel, trip delay insurance can help mitigate your losses.
Chase Sapphire Preferred: If your trip is delayed for more than 12 hours or requires an overnight stay, you can receive up to $500 in reimbursement for accommodations, meals, and other necessities.
Chase Sapphire Reserve: Provides reimbursement for delays of more than 6 hours or overnight stays, with a maximum of $500.
3. Baggage Delay and Loss Insurance
Lost or delayed luggage can be a major hassle while traveling, and Chase offers baggage-related insurance coverage.
Baggage Delay Insurance: If your baggage is delayed for over 6 hours, both cards offer $100 per day (up to 5 days) for the purchase of replacement clothing, toiletries, and other essentials.
Baggage Loss Insurance: If your luggage is lost or damaged, Chase Sapphire cards provide coverage up to $3,000 per person, helping you recover from the loss of belongings.
4. Collision Damage Waiver (CDW) for Rental Cars
When renting a car, Chase also provides robust coverage.
Both Chase Sapphire Preferred and Reserve offer primary collision damage insurance, meaning you don't need to go through your personal auto insurance for claims. Coverage includes collision damage or theft of the rental vehicle, with compensation up to the actual cash value of the vehicle.
5. Emergency Medical and Evacuation Insurance (for Chase Sapphire Reserve only)
If you encounter a medical emergency while traveling, Chase Sapphire Reserve offers additional emergency medical and evacuation insurance, covering up to $100,000 for costs associated with emergency evacuation or medical assistance. This is especially valuable for long-distance or international travelers.
6. Accidental Death and Dismemberment Insurance
This insurance provides coverage for injuries or death resulting from accidents during travel:
Chase Sapphire Preferred: Offers up to $500,000 in accidental death and dismemberment insurance.
Chase Sapphire Reserve: Provides a higher coverage limit, up to $1,000,000.
7. Eligibility for Free Travel Insurance
To take advantage of these travel insurance benefits, you must use your Chase Sapphire Preferred or Chase Sapphire Reserve credit card to pay for part or all of your travel expenses. Be sure to read the relevant terms beforehand to understand the specific details of the insurance coverage.
Conclusion:
Whether you travel occasionally or frequently, the Chase Sapphire series credit cards offer comprehensive free travel insurance coverage. From trip cancellations and delays to luggage issues and even emergency medical assistance and rental car insurance, you can embark on your journeys with confidence. If you're in the market for a credit card with top-notch travel benefits, the Chase Sapphire Preferred and Reserve are excellent choices.
Considering the high value of these benefits, if you love to travel, you might want to apply for one of these cards and enjoy the all-around travel protection they provide!