Few credit cards can compare to the premium travel rewards that the Chase Sapphire Reserve® card offers. Not only does it provide an exceptional selection of travel rewards, but it also includes an extensive range of travel insurance benefits. These benefits can provide valuable assistance and peace of mind in case of unexpected events during your journey. While this travel insurance coverage is not a substitute for a comprehensive travel insurance policy, it does offer sufficient coverage for most trips.
Discover the Travel Insurance Benefits and Protections
The Chase Sapphire Reserve card is packed with an array of travel insurance benefits and protections. These benefits can save you money, provide assistance during your travels, and offer peace of mind. Let's take a closer look at some of the key features:
Auto Rental Collision Damage Waiver
Travel insurance coverage that comes with your card can save you money and provide valuable protection. Image Credit: Hertz
The auto rental insurance coverage on your Chase Sapphire Reserve card can save you hundreds of dollars on your car rental bill. By reserving and paying for your car rental with the card and declining the car rental agency’s collision damage waiver (CDW) or loss damage waiver (LDW) coverage, you will receive primary car rental coverage for theft or damage to the rental car. Additional coverage includes loss of use charges and reasonable towing charges. It's important to note that coverage limitations and conditions apply.
Trip Cancellation and Trip Interruption
When you partially or fully pay for your trip with your Chase Sapphire Reserve card, you can receive a benefit if your trip has to be canceled or is disrupted for a covered reason. Covered events may include severe weather, illness or death of a family member or travel companion, and certain legal obligations. The coverage reimburses prepaid non-refundable expenses charged by travel suppliers, such as tour operators, airlines, rental car agencies, and more. The trip cancellation/interruption coverage provides up to $10,000 per person, per trip, up to $20,000 per occurrence, and a maximum of $40,000 within a 12-month period.
Trip Delay Reimbursement
Trip delays can be frustrating and result in unexpected expenses for the traveler. Travel insurance coverage on the Chase Sapphire Reserve card could help. Image Credit: Chalabala via Adobe Stock
If your trip is delayed for more than 6 hours or requires an overnight stay, you and your eligible family members could receive up to $500 per purchased ticket, per trip, for unreimbursed expenses such as incidentals, lodging, and meals.
Lost Luggage Reimbursement
In the unfortunate event that your checked or carry-on luggage is lost, stolen, or damaged, you could receive up to $3,000 per person, per trip. This coverage includes a sub-limit of $500 for valuable items such as jewelry, watches, and specific electronics.
Baggage Delay
When your bags are delayed for more than 6 hours, you can receive up to $100 per day for 5 days for reimbursement of essential items like clothing, toiletries, and a cell phone charger.
Roadside Assistance
In the event of a roadside emergency, a single call can provide you with immediate assistance. Services such as flat tire replacement, emergency fuel, jump-start service, towing, lock-outs, and more are available. The number of covered service calls is limited to 4 per 12-month period, with a maximum coverage of $50 per call.
Emergency Evacuation and Transportation
If you or an immediate family member become injured or sick during your common carrier trip of at least 5 days and more than 100 miles away from home, the Chase Sapphire Reserve card can provide up to $100,000 in coverage for emergency evacuation.
Emergency Medical and Dental Benefit
Unlike most credit cards, the Chase Sapphire Reserve card offers emergency medical and dental coverage for cardholders and qualifying family members. This coverage provides up to $2,500 ($50 deductible) for emergency medical or dental services during a covered trip, as well as up to $75 per day for 5 days for a hotel if ordered by the attending physician. It's important to note that the trip must be more than 100 miles from your residence.
Travel Accident Insurance
Travel Accident Insurance provides coverage for covered death or dismemberment that occurs during you or your family’s common carrier trip. The Chase Sapphire Reserve card offers up to $1,000,000 in coverage.
Travel and Emergency Assistance
With the Chase Sapphire Reserve card, you'll have access to a dedicated phone line available 24/7. This service provides assistance such as help with emergency transportation, translation, medical and legal referrals, lost passports, and emergency ticket replacement. Please note that the cost of the actual services received is the cardholder's responsibility.
How To File a Claim
Knowing what information you need to file a travel insurance claim before you travel can make the process easier. Image Credit: Aman jha via Pexels
To ensure a smooth claims process, it's important to be familiar with the steps to file a claim before an event occurs. This will help you gather the necessary information and documentation at the time of disruption. Here's what you need to know:
Time Is of the Essence
Each specific travel insurance coverage has specified time limits for reporting a claim, submitting the completed and signed claim form, and providing all required documentation. Contacting the claims administrator as soon as an event occurs is crucial to receive proper instructions and ensure your expenses will be covered.
Documentation Is Important
When filing a claim for travel insurance benefits, you will need to submit documentation to the third-party claims administrator. This documentation may include a completed and signed claim form, credit card statements, receipts showing payment for the trip/car rental with the eligible card and/or associated points, travel provider documentation, medical documents, and other relevant information as requested.
Final Thoughts
The Chase Sapphire Reserve card offers a comprehensive range of travel insurance benefits that can offer significant savings, compensation, and peace of mind during your travels. In addition to these benefits, the card also provides powerful earning and redemption options, statement credits, and a variety of additional travel and shopping benefits. While the annual fee may seem high, the value provided by these benefits can easily outweigh the cost. Consider the Chase Sapphire Reserve card as a valuable companion for your future travels.
*Disclaimer: The information and content provided in this article are for general informational purposes only and should not be considered as financial or legal advice. For specific guidance and assistance, please consult with a professional.
