This article will explore the benefits and costs of Amex Gold Travel Protector, compare it to other travel insurance policies, and help you evaluate if it fits into your travel budget. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. Terms apply. Trip delay reimbursement requires the following documentation: Trip cancellation/interruption insurance requires slightly different documentation. This site does not include all credit card companies or all available credit card offers. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. Click here to see a list of advertisers that we work with. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. Learn more: How to file travel insurance claims. But families don't get a break on premiums. The card details on this page have not been reviewed or provided by the card issuer. Court subpoenas, orders to report for active duty, physician orders, etc. We've crunched the numbers and come to the conclusion it can easily be worth that $250 annual fee. You might look to a company specializing in insuring these activities such as World Nomads. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. If you want to make sure youre purchasing from an established company and have specific coverages youre more interested in than others, American Express Travel Insurance is a solid decision. This card's value can more than cover its $250 annual fee in the right hands. The plan you select and the level of coverage limits chosen determine the amount of the premium cost. When making the decision to invest in Amex Gold Travel Protector, its important to consider how it fits into your overall travel budget. Ultimately, the decision to invest in Amex Gold Travel Protector should be based on your individual needs and budget. AIG Travel Guard Insurance Coverage Review - Is It Worth It? 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. Terms apply. Over the years, airlines have been working on improving the baggage system by introducing live bag tracking. The price for coverage is the same for everyone in that specific age bracket. That means you'll need to file with your personal auto insurance company first. The coverage for pre-existing conditions stops at $30,000. You're still responsible for damage and injury done to others. Terms apply. Amex Platinum has more travel perks, like lounge access, Global Entry fee credit, elite hotel status, and luxury travel discounts. So ~4% Amex gold vs. 3% Freedom Flex. and decline the rental company's collision damage waiver product. You generally wont find medical coverage on a credit card. American Express Travel Insurance, underwritten by AMEX Assurance Company, is one of those highly-respected, highly-rated, established companies offering comprehensive travel insurance solutions. Learn more: The best travel credit cards may surprise you. Why is Good UI/UX Design Imperative for Business Success? Amex Gold Travel Protector generally offers more comprehensive coverage than other policies, but it is often more expensive. Cancel for Any Reason Insurance must be purchased to cover these voluntary cancellations. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. 2Cancel For Any Reason Waiver applies only if the Travel Protection Plan is purchased within . Terms apply. You can add Premium Car Rental Protection to any American Express card. Required fields are marked *. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. Cost includes $12.95 plus applicable local sales tax. So, you won't get a higher amount of coverage if you spread your personal items across several bags. Trip insurance can cover prepaid non-reimbursable expenses. You can typically get this at the airport when the delay or cancellation is announced, but keep in mind that it may require a supervisor. Pre-qualified offers are not binding. Travel insurance can help you avoid losing the investment you made when booking your trip, reimburse you for covered expenses should your trip be disrupted due to a covered event, or pay for emergency medical services. While the American Express Gold Card isn't a premium travel card, it still offers core travel insurance protections that can make it the go-to card for booking travel and rental cars. Youll normally be working with 2 (or more) entities to get your claim resolved. Additionally, the policy provides access to 24/7 customer service, emergency assistance, and legal advice. A pretty easy target to hit, especially if you're putting all your food and travel purchases on it, and these super valuable points are definitely worth the wait. Empowering Lives with Nutritious and Delicious NDIS Meals! If that sounds like you, check out Seven Corners. Learn more. I was unable to find an annual travel insurance policy option for U.S. citizens offered by American Express. A few years ago, a TPG staffer found out the hard way that Amexs policy didnt cover frequent flyer mile awards. Credit card travel insurance is administered by a third party, not by the issuing financial institution, thus making the claims process potentially redundant and complicated. The travel insurance coverages that comes complimentary on your credit card can serve to provide coverage for some trips. 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. Finally, credit cards do not come with medical insurance coverage. Her previous experience involved building and writing business plans in the mergers and acquisitions sector in New York, as well as staffing in the insurance and financial technology software field. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You can contact TD Credit Cards from 7:00 a.m. to 12:00 am (EST), seven days a week, at: Within Canada and the U.S.: 1-800-983-8472 . Your rental car, as well as taxis and ride-share services such as Uber and Lyft, would be excluded from this protection. That is up from the previous bonus of 35,000 points. Additional reporting by Stella Shon and Madison Blancaflor. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. Up to 4 claims a year are allowed. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. The main disadvantage of Amex Gold Travel Protector is the cost of the policy. Rent a car with your American Express Gold Card to get secondary coverage of up to $50,000 for damage or theft. AmEx doesn't provide coverage for vehicles rented in Australia, Italy or New Zealand. All Rights Reserved. Lost or stolen passports or travel documents. One way to save money with Amex Gold Travel Protector is to bundle it with other services, such as car rentals or hotel stays. Each has its own levels of coverage and associated premium cost. 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. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Annoyance with a side of omelet: Was my day-use hotel room worth the hassle? Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Want more credit card news and advice from TPG? Your trip also isnt covered if you used a combination of miles and dollars unless the miles came from a Membership Rewards transfer. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the American Express Gold Card including all round-trip and one-way travel along the way. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your, travel insurance protection covers cardmembers when they rent a car. 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. travel insurance takes effect only when your trip is delayed more than 12 hours due to: Note that you must be on a trip starting from your city of residence to be covered. The Amex Cobalt has a huge welcome bonus worth up to 30,000 points after spending $500 every month for the first year. However, if you need outside help such as emergency translation or legal assistance you'll be on the hook for payments to third-party service providers. If you're outside of the United States, you can call collect at 1-303-273-6497. Amex Gold Travel Protector offers a range of coverage options, including trip cancellation and interruption coverage, medical and dental coverage, baggage protection, and more. Blue from American Express. AmEx also places a $250 cap on the amount that it will reimburse for "high risk items" such as jewelry, cameras, sports equipment, computers or other precious metals. American Express Travel Insurance offers 4 levels of travel insurance package policy plans a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. including all round-trip and one-way travel along the way. 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). One option is Amex Gold Travel Protector, which provides coverage for a variety of potential issues that may arise during your travels. We may receive compensation when you click on links to those products. Terms apply. This influences which products we write about and where and how the product appears on a page. This information may be different than what you see when you visit a financial institution, service provider or specific products site. ? This is a very limited comparison your results will be different based on your specific details. Typically, you have up to 180 days to file a claim after a delay or cancellation. Assigning Editor | Travel, SEO, Travel Loyalty Programs. The Bottom Line: This plan is solid travel insurance protection from a reliable company. Amex outlines what is not covered, which includes the following: When you have a delay or trip cancellation/interruption that you think qualifies for coverage, you can file a claim by calling Amex at 1-844-933-0648 within 60 days of the covered loss. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The Gold Card has an annual fee of $250, which is effectively $30 when you factor in its monthly statement credits at select restaurants and its airline fee credit. I wrote this lengthy article on what American Express Membership Rewards points are worth. 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. 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 content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. For example, this service can help you arrange emergency medical referrals. Some airlines and hotels even waive cancelation fees and/or change fees for certain fares, which can make last-minute adjustments in the case of emergencies. The most important factors to consider are that youre purchasing from a highly-rated company, the coverages are a match for your needs, and the premium is one with which youre comfortable paying. Terms apply. Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. While its reasonable to want to cancel your trip due to fear of COVID-19, canceling a trip due to the fear of any illness is not a covered reason on any travel insurance policy. When is travel insurance worth it? Improve earnings, maximize rewards and track progress toward dream trips. Terms apply. Selecting a company is not difficult as there are dozens of reputable, highly financially-rated, established companies, but comparing policies is essential for getting the best value for your money. The company offers competitive travel insurance package policies but also allows the traveler to build their own policies with only the coverages they deem necessary. Many or all of the products featured here are from our partners who compensate us. Types of Amex Gold card Travel Insurance is not covered on travel insurance policies. Certain vehicle types are excluded such as cargo vans, motorcycles, mopeds and campers. Travel insurance does not cover canceling your trip due to fear of getting sick. This is because you can convert 1 point into 1.33 Nectar points via the Avios partnership. You become ill during your trip and must return home versus continuing on your journey. The American Express Gold Card is best known for its dining, grocery and rideshare perks. 2023 Upgraded Points, LLC. However, it can still be an excellent resource when you need help before or during your travels. One downside, especially in todays environment, is that American Express Travel Insurance does not sell CFAR insurance. The policy offers comprehensive coverage, 24/7 customer service, and potential savings. Jonnica Hill via Unsplash. Terms apply. We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards. Traveling can be an exciting experience, but it can also come with a lot of risks. Terms apply. In order to have coverage for voluntary trip cancellations, you would need to purchase Cancel for Any Reason Insurance (CFAR). 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. Each U.S. major airline also has a process for requesting this information after the fact. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. NerdWallet strives to keep its information accurate and up to date. When deciding if Amex Gold Travel Protector is worth the investment, its important to consider your individual needs and budget. This is why you need to pay attention to the benefits each of your travel rewards cards offers. Your email address will not be published. TPG has a guide of the best American Express cards, but here are some of the best cards in terms of the return you could receive when renting a car. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. 1The Cash Back refund option applies if the Travel Protection Plan Plus is purchased within seven (7) days of your initial deposit for your trip. 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. 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