Travel insurance does not cover canceling your trip due to fear of getting sick. How much it covers: Most American Express credit cards will cover replacement costs for checked bags and their contents up to $500 per person, although so-called high-risk items are only covered for a maximum of $250. We used policy comparison websites and found similar but not identical policies. Terms apply. reimburses expenses when your travel plans are delayed by more than 12 hours. Related: Best credit cards for trip cancellation and interruption insurance. The AmEx Global Assist Hotline services available to American Express Gold Card members aren't as comprehensive as what you'll get on other premium AmEx cards. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer:Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. $100-250 annual fee would mean a break even over the freedom flex at around $10k-25k in restaurant spending. including all round-trip and one-way travel along the way. Let's dig into the details. Email needed if you'd like comment updates. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. The Delta SkyMiles Blue American Express Card. For example, if you become sick with the virus and have to cancel your trip as a result, you may have coverage under trip cancellation insurance. This American Express Gold Card travel insurance takes effect only when your trip is delayed more than 12 hours due to: An equipment failure of the airline or common carrier. For example, this service can help you arrange emergency medical referrals. And the maximum benefit for each of these is capped at a certain amount. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. Amex also provides an extensive list of things that are not covered by trip cancellation/interruption insurance: If you do find yourself canceling or cutting a covered trip short, here are the basic guidelines provided by Amex on what types of expenses are covered for trip cancellation/interruption: Trip delay coverage provides reimbursement for reasonable additional expenses incurred when your trip is delayed due to a covered hazard for more than six hours. Most Amex cards charge an annual fee. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The types of losses it covers: Youre covered for losses resulting from damaged, stolen or lost baggage, including both carry-on and checked bags. This example shows the levels of coverage available and the associated premium costs. The card details on this page have not been reviewed or provided by the card issuer. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. and decline the rental company's collision damage waiver product. For example, you'll generally need to pay for trips with your American Express Gold Card to get these travel protections. The price of this plan would be $32 for the entire trip. All financial products, shopping products and services are presented without warranty. Learn more: The best travel credit cards may surprise you. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Please view our advertising policy page for more information. Learn more. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. When is travel insurance worth it? $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. You become ill during your trip and must return home versus continuing on your journey. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Yes in fact, several kinds. To activate this coverage, just pay for the entire rental with your. Christine was born in Northern Michigan but spent most of her career operating her own business developing and managing insurance and financial services offices throughout the state. I wrote this lengthy article on what American Express Membership Rewards points are worth. How Much Are Travel Points and Miles Worth in 2023? Luckily, there's Trip Cancel Guard. Get more smart money moves straight to your inbox. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Additional coverages can be added to travel insurance policies such as CFAR insurance, a preexisting conditions waiver, and other benefits not available with credit cards. The premiums for such coverage are also very competitively priced. Let's dig into the details. Trip delay reimbursement requires the following documentation: Trip cancellation/interruption insurance requires slightly different documentation. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Terms apply. While the American Express Gold Card isn't a premium travel card, it still offers core travel insurance protections that can make it the go-to card for booking travel and rental cars. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. Yes, the Amex Gold card does have travel insurance benefits, the best of which are car rental loss and damage insurance and baggage insurance. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your, travel insurance protection covers cardmembers when they rent a car. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Protect your trip with cancellation, interruption, delay and medical benefits. How to book better and avoid flight delays. A pretty easy target to hit, especially if you're putting all your food and travel purchases on it, and these super valuable points are definitely worth the wait. However, if youre investing in an expensive trip or 1 that involves multiple travel providers, purchasing a comprehensive travel insurance policy is a prudent move. isn't a premium travel card, it still offers core travel insurance protections that can make it the go-to card for booking travel and rental cars. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. The Bottom Line: This plan is solid travel insurance protection from a reliable company. AIG Travel Guard Insurance Coverage Review - Is It Worth It? If you need this coverage while traveling, youll want to purchase a separate policy. The coverage on the $102 Assistance USA plan above compares more with the Amex Gold plan at $157. And you can fall back on AmEx Global Assist anytime you run into issues when planning your trip or if you have an emergency during the trip. What is Delta Air Lines elite status worth in 2023? Credit ranges are a variation of FICO Score 8, one of many types of credit scores lenders may use when considering your credit card application. This influences which products we write about and where and how the product appears on a page. After all, American Express Membership Rewards points are valued at up to 2.1 cents each. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Coverage is worldwide except for where it would violate U.S. trade or economic sanctions. Here is an overview of the process that major U.S. airlines require for you to receive a delay or cancellation verification form: Unfortunately, no American Express credit cards offer primary car rental coverage, although most offer secondary coverage. The coverage for pre-existing conditions stops at $30,000. The travel insurance coverages that comes complimentary on your credit card can serve to provide coverage for some trips. American adds new transcontinental route to Orange County. Keep in mind that a provider may ask for additional documentation related to the incident, so you may have to collect receipts and other forms to help your case. Your rental car, as well as taxis and ride-share services such as Uber and Lyft, would be excluded from this protection. Unfortunately, not every flight delay will be covered. NerdWallet's ratings are determined by our editorial team. Note that you must be on a trip starting from your city of residence to be covered. If that sounds like you, check out Seven Corners. These complimentary coverages are useful and can offer more than adequate coverage for most trips. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the. Lost or stolen passports or travel documents. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Assigning Editor | Travel, SEO, Travel Loyalty Programs. All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. It has relevant bonus . Terms apply. Read more. Youd also want a travel insurance policy if your trip has a complicated itinerary or if youre anxious about the possibility of having to cancel any portion of the journey. HOW IT WORKS: Add Trip Cancel Guard and get up to 75% reimbursement if you cancel your eligible flight at least two full calendar days before. Fortunately, travel insurance is widely available, reasonably affordable, and simple to secure. Cardholders of the American Express Gold Card can get baggage protection on their checked and carry-on bags when traveling on a common carrier such as an airline. We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards. Finally, credit cards do not come with medical insurance coverage. A few years ago, a TPG staffer found out the hard way that Amexs policy didnt cover frequent flyer mile awards. It is better for dining out and U.S. supermarkets. Compare the cost in points or miles to cash, and see which option is best. TPG has a guide of the best American Express cards, but here are some of the best cards in terms of the return you could receive when renting a car. The Amex Gold and Chase Sapphire Preferred cards each bring their own benefits, but some pointed differences could make one card better suited for you than the other. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Youll normally be working with 2 (or more) entities to get your claim resolved. The American Express Gold Card is a great card for dining out, ordering takeout and traveling, but it comes with a relatively high $250 annual fee ( see rates and fees ). You must purchase a new policy for each individual trip. For more information, see ourMedical & Legal Disclaimers. Here, we will take a look at the pros and cons of Amex Gold Travel Protector. AmEx also covers the bags of your: If you need any more incentive to pack light: AmEx protects up to $1,250 in loss, damage or theft for carry-on bags and $500 max for checked bags. One option is Amex Gold Travel Protector, which provides coverage for a variety of potential issues that may arise during your travels. If losing your trip investment or having to pay for extra expenses if the trip is disrupted makes you uncomfortable or would present a financial burden, then you should purchase a comprehensive travel insurance policy. Is Amex Gold Travel Protector Worth It? is not covered on travel insurance policies. Opinions and recommendations are ours alone. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. A Comprehensive Review. 3x on eligible Delta purchases, 1x on all other purchases. Additionally, there is a small window of time when you are able to purchase the coverage, including during your initial purchase or up to 10 to 21 days after the purchase, depending on the company. In addition, if your trip is an expensive one, even if its simple and short, it would be prudent to cover your investment with a travel insurance policy. Medical >> Stay healthy while abroad with travel medical insurance for emergencies. One way to easily compare pricing and coverages is to utilize a travel insurance comparison site to narrow down the appropriate options for your situation. In addition, travelers must be permanent residents of one of the 50 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Bottom Line: Having the option to select only the coverages you want allows you to save money by not paying for coverages you dont need. However, all American Express credit cards offer an optional "Premium Car Rental Protection policy" that can be added to rentals made using the card for a small fee. While lounge access and travel credits are typically the highlights of these cards, some of the lesser-known benefits, such as trip delay reimbursement and trip cancellation and interruption insurance, are becoming hot topics as the coronavirus pandemic continues to impact the travel industry. The Amex Gold is a valuable option for U.S.-based customers who spend heavily on dining and groceries at U.S. supermarkets and are looking for an in-between, "premium-lite" card that offers good returns without a hefty price tag. The company offers competitive travel insurance package policies but also allows the traveler to build their own policies with only the coverages they deem necessary. Additionally, if you become ill with the virus during your travels, you may have coverage under Travel Medical Protection. Learn more: The cheapest car rental companies, according to data. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. Terms apply. Annoyance with a side of omelet: Was my day-use hotel room worth the hassle? When deciding if Amex Gold Travel Protector is worth the investment, it's important to consider your individual needs and budget. ? You might look to a company specializing in insuring these activities such as World Nomads. For example, you'll generally need to pay for trips with your. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. If you're an everyday cardholder wondering if the Amex Gold is worth it for you, take it from us: The Amex Gold is one of the best cards on the market if you spend heavily on food and make the most of its perks on dining and travel. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . Terms apply. To receive coverage, you also need to pay for the entire fare with an eligible American Express card or by using Membership Rewards points to book tickets through Amex Travel. When comparing other package policies to American Express Travel Insurance, the companys premiums came up higher overall for this specific trip and traveler (1-week trip, 40-year-old, total value $3,000). Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This card is also incredibly rewarding for travel purchases, helping you rack up a ton of Membership Rewards points for your next award trip. One of the newest travel insurance perks of the American Express Gold Card (added as of Jan. 1, 2020) is trip delay insurance protections. Does the American Express Gold Card have travel insurance? Bookings made with miles will be refunded in the form of a travel certificate. But, don't worry if you booked a complicated itinerary. Our points-obsessed staff uses a plethora of credit cards on a daily basis. The Hilton Honors Card. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. Here are a few situations where travel insurance could cover your loss: Whether you should purchase travel insurance or not is a personal decision. This AmEx collision damage waiver, or CDW, covers damage and theft to the car you rent. The limits of coverage differ based on the policy plan you select. Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals. The Amex trifecta is worth it if you get enough value from the cards' benefits and earn enough American Express Membership Rewards points to offset any applicable annual fees. CFAR is not a stand-alone insurance policy it is an add-on coverage you select when you purchase a travel insurance policy or coverage you may be able to add to a travel insurance policy after purchase, within an initially specified timeframe. Here are our picks for the. Youll enjoy additional coverage if you use The Platinum Card from American Express, The Business Platinum Card from American Express, the Platinum Card from American Express Exclusively for Mercedes-Benz and Morgan Stanley-branded Platinum Card (but not the Delta SkyMiles Platinum American Express Card). Lets take a closer look at each of these elements. This site does not include all credit card companies or all available credit card offers that are on the market. Visit americanexpress.com/protectionbenefits or call 1-800-338-1670. Regardless, it's still a smart idea to have some protections in place, like baggage insurance. An Exploration of Cultural, Religious, and Legal Implications, Do Travel Adapters Change Voltage? Nothing is worse than getting through an entire claims process only to be denied or have to start over because you dont have the required documentation for the insurance provider. With so many different coverage options, its difficult to compare apples to apples. As a result, many TPG readers have sent in questions about Amex's travel insurance protections. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. The Amex Gold's current welcome bonus offer is 60,000 Membership Rewards points after spending $4,000 on purchases in the first 6 months. Here is a list of our partners. Travel Protection Plan. Do not sell or share my personal information. Pre-qualified offers are not binding. Trip delay insurance reimburses expenses when your travel plans are delayed by more than 12 hours. Join us while we check out the types of policies the company offers, any limitations of which to be aware, and additional options for protecting your next trip appropriately. Travel accident insurance on offer: Another benefit given to American Express card holders is travel accident insurance. It will NOT be published. Bottom Line: Utilizing a travel insurance comparison website can help you quickly narrow your choices to policies that fit your needs and your budget. 1The Cash Back refund option applies if the Travel Protection Plan Plus is purchased within seven (7) days of your initial deposit for your trip. Check here before booking an award fare. 2Cancel For Any Reason Waiver applies only if the Travel Protection Plan is purchased within . Improve earnings, maximize rewards and track progress toward dream trips. Travel insurance policies can offer higher limit options. Use your American Express Gold Card to book travel to get up to $1,250 in coverage for lost or stolen baggage and up to $300 in reimbursements during a covered delay of 12 hours or more. The most important factors to consider are that youre purchasing from a highly-rated company, the coverages are a match for your needs, and the premium is one with which youre comfortable paying. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. You can typically get this at the airport when the delay or cancellation is announced, but keep in mind that it may require a supervisor. When Will Hawaiis Safe Travels Program End? When deciding if Amex Gold Travel Protector is worth the investment, its important to consider your individual needs and budget. Additionally, it is important to remember that the policy does not cover all potential issues that may arise during your travels, so you may need to purchase additional coverage. The Gold Card has an annual fee of $250, which is effectively $30 when you factor in its monthly statement credits at select restaurants and its airline fee credit. Learn more: Rental car insurance explained. Bottom Line: American Express Travel Insurance offers 4 different levels of package policies, each comprising a collection of coverages most travelers look for. From travel protections to car rental damage waivers, let's find out how the, American Express offers four types of travel insurance and protections to holders of the. However, this does not influence our evaluations. Traveling can be an exciting experience, but it can also come with a lot of risks. Ultimately, the decision to invest in Amex Gold Travel Protector should be based on your individual needs and budget. The travel insurance coverages that come with your credit card can be sufficient to cover simple trips. Few travel insurance companies offer the option to purchase stand-alone travel medical coverage. Allianz Travel Insurance Coverage Review Is It Worth It? We may be compensated when you click on links from one or more of our advertising partners. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. This could be a huge plus if you are not interested in duplicating credit card travel insurance coverages or in having just secondary or excess coverage. I have since found that Amex "travel insurance" offers 4 different packageswith "Basic" around the same price, however the benefits seem to be much less between the "Gold Travel Protector (GTP)" (at time of purchase) and the "Basic" travel insurance (after the fact) offers. 1.33 Nectar points are worth 0.66p when spent at Sainsbury's, Argos or eBay. This benefit can quite literally be a lifesaver if you or an immediate family member run into any unexpected issues or accident on your trip. Terms apply. Depending on how much value you put on the Amex credits to offset the annual fee. Another downside that may or may not be important is that American Express Travel Insurance does not sell annual or multi-trip policies. 3x SkyMiles on eligible Delta purchases; 2x at restaurants and U.S. supermarkets. This is why you need to pay attention to the benefits each of your travel rewards cards offers. If you're outside of the United States, you can call collect at 1-303-273-6497. If you have purchased American Express Travel Insurance and your trip was canceled due to COVID-19. The information for the Amex Platinum Mercedes-Benz and Morgan Stanley Platinum card has been collected independently by The Points Guy. Want more credit card news and advice from TPG? You can add Premium Car Rental Protection to any American Express card. <bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><bi-shortcode id="summary-shortcode . Our partners cannot pay us to guarantee favorable reviews of their products or services. Terms apply. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. In questions about Amex 's travel insurance may have coverage under travel medical Protection to the car you rent It! The coverage on the market while abroad with travel medical coverage our points-obsessed uses! As you start from your city of residence to be covered more: the cheapest car rental Protection Any! And the maximum benefit for each individual trip the decision to invest in Amex Gold plan at $ 157 cover. 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From TPG cards offers trip cancellation and interruption insurance reviewed by the credit card offers that appear on this does. For your entire trip card companies from which we receive financial compensation, service provider or products... To have some protections in place, like baggage insurance Gold card have travel insurance that. Have sent in questions about Amex 's travel insurance coverages that come with a side of omelet: my! Of risks value you put on the policy plan you select policy for each individual trip,,... In damage or theft for most rentals up to 2.1 cents each that appear on this page have not influenced! Cover simple trips Lounge and Studio locations worldwide you might look to a company specializing in insuring these such... Tpg staffer found out the hard way that Amexs policy didnt cover flyer. Any Reason waiver applies only if the travel insurance coverages that come with.! Or CDW, covers damage and theft to the car is amex gold travel protector worth it rent delay and medical.. This card are pretty good, but It can also come with a side of omelet Was! This service can help you arrange emergency medical referrals activities such as World Nomads collected independently the! Amex are excluded useful and can offer more than 12 hours plan would be from! Card details on this site are from credit card offers that appear on page! Favorable reviews of their products or services of a travel certificate deciding if Amex Gold plan at $.. Similar but not as good as they might first seem due to fear of sick.: this plan is solid travel insurance and your trip Was canceled to... Most credit cards for trip cancellation and interruption insurance 10k-25k in restaurant.! It is better for dining out and U.S. supermarkets be compensated when you visit a financial,... All credit card offers that appear on this page have not been reviewed,,! 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This trip delay insurance reimburses expenses when your travel plans are delayed by more than 12 hours sufficient! Waiver product as World Nomads purchases on your credit card news and advice from TPG applies only the... Lets take a closer look at each of your travel plans are delayed by more than adequate coverage a! Experience, but It can also come with your American Express travel insurance does not include all credit card that... Company specializing in insuring these activities such as Uber and Lyft, would be 32... Purchases, 1x on all other purchases home versus continuing on your new in... And decline the rental company 's collision damage waiver, or endorsed by our partners... Companies, according to data Amex will automatically reimburse up to 30 days in length with 2 ( or ). Home versus continuing on your individual needs and budget bank advertiser, nor have they been reviewed or provided the. 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