We all know the best credit cards can be worth their weight in rewards, but that’s not the only way your cards can save you money. For example, Chase Sapphire Preferred travel insurance benefits can be extremely valuable when things don’t go as planned. Here’s a look at everything the Chase Sapphire Preferred® Card’s travel insurance covers.

Chase Sapphire Preferred travel insurance: What’s covered?

When it comes to Chase credit card benefits, Chase Sapphire Preferred travel insurance is hard to beat. This travel card’s insurance covers everything from trip cancellation to lost luggage.

Chase stands out among the best travel credit cards, and not just because of its high rewards rates. Chase credit cards also offer some of the best travel insurance benefits around — and the Chase Sapphire Preferred® Card is no exception.

Indeed, the Chase Sapphire Preferred® Card has many of the same credit card travel insurance benefits as the Chase Sapphire Reserve®. And, its $95 annual fee is a fraction of the premium travel card’s $550 price tag.

Trip cancellation/trip interruption insurance

You and your immediate family are covered if something catastrophic disrupts your travel arrangements. Chase Sapphire Preferred® Card travel insurance provides up to $10,000 per person (max $20,000 per trip). Your trip could be canceled or cut short for any number of reasons, including a major illness or severe weather.

Only prepaid, nonrefundable purchases made with your Chase card (or booked with Chase Ultimate Rewards points) are eligible.

Not every emergency will count. Coverage excludes the following:

  • Cancellations because of your financial circumstances
  • Pre-existing medical conditions
  • Trips longer than 60 days
  • War, declared or undeclared

But your Chase Sapphire Preferred® Card travel insurance does cover terrorist activity and/or hijackings. And jury duty or a court subpoena you can’t postpone.

Travel and emergency assistance services

If something goes wrong abroad, you can call the Chase benefit administrator to get medical or legal referrals and other emergency assistance. Note, the costs of those services aren’t covered. You’ll need to handle those on your own.

Trip delay reimbursement

Carrier delays happen all too frequently. Some can lead to unexpected overnight stays. If you get delayed by more than 12 hours, you can claim back your expenses. Covered expenses include meals, hotels, toiletries, and medications.

Trip delay insurance tops out at $500 per covered ticket. Your spouse and dependent children under the age of 22 are eligible. Only one hazard per trip is covered. You can’t claim expenses if a delay was public or known before you set out.

Auto rental collision damage waiver

Rental car insurance can be expensive, but you can waive it when you pay with your Chase Sapphire Preferred® Card. This primary collision coverage will reimburse you for collision damage or theft. And you’re covered up to the cash value of the vehicle. It also includes reasonable towing charges.

Coverage applies to most consumer vehicles, but not all. You can’t claim for the following:

  • Exotic (read: expensive) vehicles, transport vans, trucks, and motorcycles
  • Rental periods

 

ASCENT:

A is for Access to systems, partners, and back-up for advisors and their clients

S is for Support in business development, lead generation and strategic suppliers

C is for Collaboration and a strong sense of community

E is for Elevate: to ensure success in building and maintaining business

N is for Networking: helping advisors build relationships with partners, colleagues and collaborators

T is for Training and Development, with access to the Virtuoso Travel Academy, continual      supplier training, and ongoing professional development including weekly Town Hall zoom calls with Direct Travel’s senior management.

Smith adds that many of the ASCENT components are proven success strategies, including the Dream Away series of virtual events, to which advisors are welcome to invite their clients. “On multiple occasions, we have had a client make a booking with their advisor in the middle of the event,” says Smith.

ASCENT is the right combination of a solid, accessible support system, the latest technology in the industry and the prestige of a great partnership with Virtuoso, the world’s leading luxury travel network, says Brian Robertson, President, Canada West region of Direct Travel.

“We have a marketing team to drive client engagement and generate leads for all advisors; a supplier management team that builds personal relationships with regional and national suppliers; and a leadership team which has strong connections to key decision makers at a global level,” adds Robertson.

As part of its campaign to build its team of Independent Travel Advisors, the senior management of Direct Travel (whose leisure arm in Canada is Vision Travel) have launched their new ASCENT Program.

Including professional development and mentoring, lead generation and collaboration, the program’s launch coincides with the recent recruitment of two highly respected individuals to the group’s senior management team: Joelle Goldman, formerly with Virtuoso, in the new role of Vice President, Host Services; and Nicole Goodheart, formerly with CWT Vacations, in the new role of Director, Leisure Operations.

ADVERTISING

“In a world where travel has been turned upside down and revenues are scarce, we felt the need to establish a program to further support our ITAs – one which will have long-term value for them,” stated Gerard Bellino, Executive Vice President, Leisure Travel.

“ASCENT is an acronym that spells out each element of the program,” said Stephen Smith, Toronto-based Senior Vice President, Leisure Marketing. “From access and support to training and development, it’s a full package for the independent travel advisor or the agency owner looking for a new host.”

In ASCENT:

A is for Access to systems, partners, and back-up for advisors and their clients

S is for Support in business development, lead generation and strategic suppliers

C is for Collaboration and a strong sense of community

E is for Elevate: to ensure success in building and maintaining business

N is for Networking: helping advisors build relationships with partners, colleagues and collaborators

T is for Training and Development, with access to the Virtuoso Travel Academy, continual supplier training, and ongoing professional development including weekly Town Hall zoom calls with Direct Travel’s senior management.

Many of the ASCENT components are proven success strategies, including the Dream Away series of virtual events to which advisors are welcome to invite their clients. “On multiple occasions, we have had a client make a booking with their advisor in the middle of the event,” Smith recalled.

According to Brian Robertson, President, Canada West region of Direct Travel, ASCENT is the right combination of a solid, accessible support system, the latest technology in the industry and the prestige of a great partnership with Virtuoso, the world’s leading luxury travel network.

“We have a marketing team to drive client engagement and generate leads for all advisors; a supplier management team that builds personal relationships with regional and national suppliers; and a leadership team which has strong connections to key decision makers at a global level,” added Robertson.

For further information, visit dt.com/discover.

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