If you’re a frequent traveler, you know the importance of having travel insurance. It provides peace of mind and financial security when unexpected events occur during your trip.
One travel insurance option that has gained popularity in recent years is the Chase Sapphire travel insurance. In this article, we will take a closer look at what it offers, how it works, and whether it’s the right choice for you.
What is Chase Sapphire Travel Insurance?
Chase Sapphire travel insurance is a benefit offered to cardholders of the Chase Sapphire Preferred and the Chase Sapphire Reserve credit cards. It provides coverage for a range of travel-related incidents, such as trip cancellation, trip interruption, baggage delay, and more.
Unlike many traditional travel insurance plans, Chase Sapphire travel insurance is not a standalone policy that you purchase separately. Instead, it’s a benefit that comes with your credit card, provided that you meet certain requirements.
How to qualify for Chase Sapphire Travel Insurance?
To qualify for Chase Sapphire travel insurance, you need to be a cardholder of either the Chase Sapphire Preferred or the Chase Sapphire Reserve credit cards. Additionally, you need to pay for your travel expenses using your card.
If you meet these requirements, you will automatically receive the travel insurance benefit as a part of your credit card benefits. However, it’s important to note that the coverage amount and terms may vary depending on the card you have.
What Does Chase Sapphire Travel Insurance Cover?
Chase Sapphire travel insurance covers a range of incidents that can occur during your travels. Here’s an overview of what it includes:
Benefits |
Chase Sapphire Preferred |
Chase Sapphire Reserve |
|---|---|---|
Trip Cancellation/Interruption |
$10,000 per person, $20,000 per trip |
$10,000 per person, $20,000 per trip |
Travel Delay |
Delay of 12 hours or more: $500 per ticket |
Delay of 6 hours or more: $500 per ticket |
Lost or Delayed Luggage |
$3,000 per passenger |
$3,000 per passenger |
Emergency Evacuation/Transportation |
$100,000 per emergency |
$100,000 per emergency |
Travel Accident Insurance |
$500,000 per person |
$1,000,000 per person |
What is trip cancellation/interruption insurance?
Trip cancellation/interruption insurance is a type of travel insurance that reimburses you for non-refundable expenses if you have to cancel or interrupt your trip due to certain covered reasons.
With Chase Sapphire travel insurance, you are covered for trip cancellation or interruption for up to $10,000 per person, with a maximum coverage of $20,000 per trip. Covered reasons may include illness, injury, severe weather conditions, and other unforeseen events.
What is travel delay insurance?
Travel delay insurance provides coverage in case your travel is delayed for a certain period of time, usually 6-12 hours. With Chase Sapphire travel insurance, you are covered for up to $500 per ticket if your travel is delayed for 12 hours or more (Chase Sapphire Preferred) or 6 hours or more (Chase Sapphire Reserve).
What is lost or delayed baggage insurance?
Lost or delayed baggage insurance provides coverage in case your baggage is lost, stolen, or delayed for a certain period of time. With Chase Sapphire travel insurance, you are covered for up to $3,000 per passenger.
What is emergency evacuation/transportation insurance?
Emergency evacuation/transportation insurance provides coverage in case you need to be transported to a medical facility or evacuated from a dangerous situation during your trip. With Chase Sapphire travel insurance, you are covered for up to $100,000 per emergency.
What is travel accident insurance?
Travel accident insurance provides coverage in case you or a family member is injured or killed during your trip. With Chase Sapphire travel insurance, you are covered for up to $500,000 per person (Chase Sapphire Preferred) or $1,000,000 per person (Chase Sapphire Reserve).
How to File a Claim with Chase Sapphire Travel Insurance?
If you need to file a claim with Chase Sapphire travel insurance, you can do so by calling the number on the back of your credit card. You will be asked to provide details about your trip and the incident you experienced.
It’s important to note that you need to file a claim as soon as possible after the incident occurs. Delaying your claim may result in reduced or denied coverage.
Is Chase Sapphire Travel Insurance Right for You?
Chase Sapphire travel insurance can be a great option for frequent travelers who already have a Chase Sapphire credit card. It’s a convenient way to get travel insurance without having to purchase a separate policy.
However, it’s important to review the coverage amount and terms to make sure they meet your needs. If you’re a frequent traveler with a lot of expensive travel plans, you may want to consider purchasing a standalone travel insurance policy with higher coverage limits.
FAQs
What is the difference between Chase Sapphire Preferred and Chase Sapphire Reserve travel insurance?
The main difference between the two is the coverage amounts and terms. Chase Sapphire Reserve offers higher coverage limits and broader coverage than Chase Sapphire Preferred. Additionally, Chase Sapphire Reserve provides access to additional travel benefits, such as airport lounge access and $300 annual travel credit.
Do I need to make a reservation through Chase to qualify for travel insurance benefits?
No, you don’t need to make a reservation through Chase to qualify for travel insurance benefits. You simply need to pay for your travel expenses using your Chase Sapphire credit card.
What is not covered by Chase Sapphire travel insurance?
Like all insurance policies, Chase Sapphire travel insurance has certain exclusions and limitations. Some examples of incidents that may not be covered include pre-existing medical conditions, self-inflicted injuries, and extreme sports activities.
Can I cancel my trip for any reason and still be covered by Chase Sapphire travel insurance?
No, Chase Sapphire travel insurance only covers specific reasons that are included in the policy. If you cancel your trip for a reason that is not covered, you will not be eligible for reimbursement.
Can I purchase additional travel insurance if I have Chase Sapphire travel insurance?
Yes, you can purchase additional travel insurance to supplement your Chase Sapphire travel insurance coverage. This may be a good option if you have expensive travel plans or want to have more comprehensive coverage.
What is the cost of Chase Sapphire travel insurance?
Chase Sapphire travel insurance is a benefit that comes with your Chase Sapphire credit card, so there is no additional fee to enroll or use the benefit.
Conclusion
Chase Sapphire travel insurance can be a valuable benefit for frequent travelers who already have a Chase Sapphire credit card. It provides coverage for a range of travel-related incidents and offers peace of mind during your travels.
However, it’s important to carefully review the coverage amount and terms to ensure that they meet your needs. If you’re a frequent traveler with expensive travel plans, you may want to consider purchasing standalone travel insurance for more comprehensive coverage.