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