Like rewards points programs, “free” groceries and gas, and low or no interest rates, travel protection is just that – a perk that credit card companies use to support their primary business offering: credit cards.
While some credit cards can provide more than adequate travel insurance coverage, it’s a common mistake to assume your credit card includes all the benefits you need for your trip without verifying this before you leave. There’s also a risk in not understanding some of the coverage terms, conditions and limitations that are sometimes unique to credit cards.
Because of this, it’s important for you to know and understand the coverage you have in place before you leave when relying on your credit card’s travel insurance benefits.