Megan has built and directed remote content teams and editorial strategies for websites like GoAbroad and Go Overseas. 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. American Express Travel Insurance, underwritten by AMEX Assurance Company, is one of those highly-respected, highly-rated, established companies offering comprehensive travel insurance solutions. Meanwhile, the yearly fee on the Platinum Card is much steeper. 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 and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. The cheapest car rental companies, according to data, One of the newest travel insurance perks of the, (added as of Jan. 1, 2020) is trip delay insurance protections. The current welcome offer on this card is quite lucrative. We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards. You can find more details about the coverage offered by Amex Gold Travel Protector on their website. 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. Blue from American Express. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. Another useful American Express Gold Card travel insurance protection covers cardmembers when they rent a car. 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. This bonus value is an estimated valuation. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. Carry-on bags are covered for up to $1,250, which is good to know since your belongings could be stolen from the overhead bins. American adds new transcontinental route to Orange County. Finally, there are potential savings available through bundling the policy with other services or through discounts offered by certain credit cards. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Want more credit card news and advice from TPG? Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy. The American Express Gold Card is packed with valuable rewards and benefits that make it an easy choice for everyday spenders and frequent travelers. It also does not cover canceling your trip due to a government shutdown due to COVID-19, or a surge in cases in a particular area. While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. The price for coverage is the same for everyone in that specific age bracket. The interest rate on the American Express Gold card is 22.9% APR variable with a 57.6% APR variable including the annual fee (although the Amex Gold credit card is free for the first 12 months). 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. When evaluating whether or not Amex Gold Travel Protector is worth it, the most important factors to consider are the types of coverage offered and the cost of the policy. Like most travel insurance companies, American Express Travel Insurance prices its products within age brackets. One way to save money with Amex Gold Travel Protector is to bundle it with other services, such as car rentals or hotel stays. Up to. She has been published in U.S. News & World Report, USA Today and elsewhere, and has spoken at conferences like that of NAFSA: Association of International Educators. JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. Improve earnings, maximize rewards and track progress toward dream trips. How to Book Cheap Car Rentals in Los Angeles [Price Comparisons], The 16 Best Ways To Redeem China Southern Miles [2023], American Express Travel Insurance Options, Additional Information American Express Travel Insurance, How Does American Express Travel Insurance Compare, The Value of Travel Insurance Comparison Sites, 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. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. Compare the cost in points or miles to cash, and see which option is best. Featured Image Credit: However, it is important to note that this cost can add up quickly, so it is important to make sure you are getting the most bang for your buck. The card details on this page have not been reviewed or provided by the card issuer. You can change or modify your policy prior to your trip. Note that this limit is applied per person and not per bag. 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). 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. The first policy above with Assistance USA for $77, for example, has coverages similar to the Silver Amex plan which has a premium of $133. Here are our picks for the. Terms apply to offers below. These reasons consist of events that are unforeseen and unexpected. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. Required fields are marked *. The American Express Preferred Rewards Gold card is issued directly by American Express and has recently been changed from a charge card to a credit card. Court subpoenas, orders to report for active duty, physician orders, etc. This bonus is worth roughly $402, according to WalletHub's calculations. I have purchased annual plans via Allianz and Travel Guard. Hot Tip: Due to the overall decrease in travel, many travel insurance companies now allow you to cancel your travel insurance and receive a full refund or extend your policy without extra charges. Outside of the current welcome bonus, youre only earning higher rewards on specific airfare and hotel purchases, so its not a great card for other spending categories. A counterfeit scheduled airline or train ticket; or a scheduled airline or train ticket which is charged to a fraudulently issued or fraudulently used eligible card. Her successful insurance and financial services career has been an excellent foundation from which to source her knowledge for many of Upgraded Points travel insurance articles. So make sure your personal auto insurance covers your liability when renting cars. For reference, the six "freebies" are: The Blue Cash Everyday Card. 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. check out the full list of cards and details on American Express's website. 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. This AmEx card gets you baggage, car rental and trip delay insurance alongside AmEx Global Assist services. When evaluating offers, please review the financial institutions Terms and Conditions. This option can save the traveler money. Yes in fact, several kinds. The Gold Plan selected offers up to $100,000 in emergency medical, up to $750 in emergency dental, and up to $100,000 in emergency evacuation/repatriation. Up to 4 claims a year are allowed. Terms apply. Please view our advertising policy page for more information. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. The card details on this page have not been reviewed or provided by the card issuer. Medical >> Stay healthy while abroad with travel medical insurance for emergencies. If youre looking for medical coverage for an international trip, for example, purchasing with an established company at a reasonable price makes American Express Travel Insurance a worthy choice. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. Assigning Editor | Travel, SEO, Travel Loyalty Programs. 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. American Express Travel Insurance offers 4 levels of travel insurance package policy plans a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. The travel insurance coverages that come with your credit card can be sufficient to cover simple trips. Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. The card is a good choice for the occasional Delta flyer without elite. Here, we will take a look at some of the ways you can save money with Amex Gold Travel Protector. 3X FOR FLIGHTS BOOKED WITH AIRLINES Dave Herholz (CC BY-SA 2.0) via Flickr The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. I was unable to find an annual travel insurance policy option for U.S. citizens offered by American Express. In conclusion, Amex Gold Travel Protector can be a great way to protect yourself and your finances during your travels. Families: I'm not saying families should flat-out reject American Express Travel Insurance. members aren't as comprehensive as what you'll get on other premium AmEx cards. Uber Cash and Uber VIP status is available to Basic Card Member only. If this is important to you, you should attempt to find the coverage elsewhere by using comparison sites. For example, this service can help you arrange emergency medical referrals. As long as you paid full fare on a common carrier, your flight is. However, it can still be an excellent resource when you need help before or during your travels. Prices ranged from $59 to $208 to cover the entire trip. Find the right card for you. Sometimes it's worth a large investment to reap the benefits of a great credit card. If youre a senior and want to learn more about purchasing travel insurance in your 60s, 70s, and beyond, the tips in our article will help guide you in the right direction. That means you'll need to file with your personal auto insurance company first. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Click here to see a list of advertisers that we work with. For more information on our advertisers, see here. Learn more: The best travel credit cards may surprise you. There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company. 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. Each of these travel protections has limits, exclusions and requirements. Pre-qualified offers are not binding. Amex's highest level of coverage offers decent protection that will suit most people, but some travelers will want more. From travel protections to car rental damage waivers, let's find out how the American Express Gold Card travel insurance works. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. Terms apply. This card's value can more than cover its $250 annual fee in the right hands. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. Cost includes $12.95 plus applicable local sales tax. If youre booking a trip that has a complicated itinerary, involves several travel providers, or is more than a week in length, you might consider a comprehensive travel insurance policy. Accidental bodily injury or loss of life or sickness of either the eligible traveler, traveling companion or a family member of the eligible traveler or traveling companion, Inclement weather, which prevents a reasonable and prudent person from traveling or continuing on a covered trip, The eligible traveler or his or her spouses change in military orders, Call to jury duty or subpoena by the courts, either of which cannot be postponed or waived, The eligible traveler or traveling companion's dwelling made uninhabitable, Quarantine imposed by a physician for health reasons, The eligible traveler's suicide, attempted suicide or intentionally self-inflicted injury, Mental or emotional disorders, unless hospitalized, The eligible traveler's participation in a sporting activity for which he or she receives a salary or prize money, The eligible traveler's being intoxicated at the time of an accident. This is because you can convert 1 point into 1.33 Nectar points via the Avios partnership. Consider the type of coverage offered, the cost of the policy, and any additional benefits provided by the policy. These complimentary coverages are useful and can offer more than adequate coverage for most trips. which covers damage to or theft of eligible car rentals. Sign up for our daily newsletter! (Enrollment required for select benefits.). Trip delay reimbursement requires the following documentation: Trip cancellation/interruption insurance requires slightly different documentation. Still, it can be confusing to know what is covered and the right documentation you need to file a claim. The American Express Gold Card is best known for its dining, grocery and rideshare perks. How Much Are Travel Points and Miles Worth in 2023? Terms apply. We used policy comparison websites and found similar but not identical policies. Email needed if you'd like comment updates. The Amex Platinum comes with access to a premium concierge service that can help you with everything from booking hard-to-get reservations to finding destination guides to help you plan out your next getaway. When considering Amex Gold Travel Protector, its important to understand what types of coverage it offers. One of the companys strengths is that it offers the consumer the ability to purchase needed coverages separately, such as medical insurance for an international trip. Bottom Line: The longer, more expensive, and more complicated your trip, the greater the need for a comprehensive travel insurance policy. The annual airline fee statement credit can be complicated to take advantage of compared to the broader travel credits offered by competing premium cards. Cancel for Any Reason Insurance must be purchased to cover these voluntary cancellations. Learn more: How to book better and avoid flight delays. $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. We may be compensated when you click on links from one or more of our advertising partners. You can add Premium Car Rental Protection to any American Express card. Amex currently offers 17 rewards cards, and 11 of them have an annual fee attached. Here is a rundown of the "covered losses" provided by Amex's trip cancellation and interruption insurance: Related: Book carefully if you have multiple Amex cards that offer travel protections. Yes, the Amex Gold card does have travel insurance benefits, the best of which are car rental loss and damage insurance and baggage insurance. 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