Having a travel insurance policy with you is always beneficial. But knowing you have travel insurance benefits through a credit card can provide additional peace of mind. Before you make that decision, you need to ensure the following:
- What kind of travel insurance do you actually need? While some cards might feel so amazing with so many benefits, you need to make sure that it is relevant to you.
- How much coverage is enough? Even if two credit cards offer trip cancellation insurance, it may not be equal. Consider all the factors and then see if you’ll need a top-up insurance to cover it all.
- When will your coverage apply? Just because you have coverage doesn’t mean that it will always apply. Does your card have a cooling off period or a capping on the benefits? Answering these questions can help you plan things better.