Travel insurance is one of the great perks of the Chase Sapphire Reserve® credit card. This coverage can help you during difficult travel situations, especially when things don’t go quite as planned. If you’re wondering if you should get the Chase Sapphire Reserve® vs. Chase Sapphire Preferred® Card, you should know that the Chase Sapphire Reserve® card has more travel insurance benefits. So if you’re a frequent traveler, the Chase Sapphire Reserve® may be one of the best credit cards for you. Keep reading to learn more about Chase Sapphire Reserve travel insurance.
Chase Sapphire Reserve travel insurance: What’s covered?
Chase Sapphire Reserve travel insurance includes:
- Travel accident insurance
- Travel and emergency assistance
- Trip cancellation and trip interruption insurance
- Trip delay reimbursement
- Auto rental collision damage waiver
- Baggage delay insurance
- Lost luggage reimbursement
- Roadside assistance
- Emergency evacuation and transportation
- Emergency medical and dental benefits
Each of these Chase credit card benefits has restrictions on how much coverage you get and what determines eligibility. In most cases, a trip must have been paid for with a Chase Sapphire Reserve® card and the incident must have happened on a trip. We’ll break down each benefit so you’ll know what you get with Chase Sapphire Reserve travel insurance.
Travel accident insurance
Chase Sapphire Reserve® travel accident insurance covers death or dismemberment or a combination of loss of speech, sight, or hearing on a covered trip. It includes two types of travel accident insurance.
Common Carrier Travel Accident Insurance: This covers losses that happen while you’re a passenger on a common carrier (like an airline, bus, train, or cruise ship). The benefit amount for loss of life is $1,000,000.
24-Hour Travel Accident Insurance: This covers you for the period between the departure date and the return date on your airline ticket. The benefit amount for loss of life is $100,000.
The cardholder and their immediate family members can use these benefits. If more than one eligible person is injured, coverage won’t be more than twice the applicable benefit amount. Card members must pay for at least part of a covered trip with their Chase Sapphire Reserve® card to be eligible.
Travel and emergency assistance
Chase Sapphire Reserve® card members can get emergency assistance — like arranging for emergency transportation or sending messages to family — when traveling. This service provides referrals and help at any time or day of the week. The card member, a spouse or domestic partner, and dependent children under the age of 22 can use this benefit.
Trip cancellation/trip interruption insurance
If a trip is canceled or cut short by certain covered situations, like sickness or severe weather, you can use this coverage. Chase will reimburse cardholders up to $10,000 per person and $20,000 per trip for prepaid, nonrefundable travel expenses. Eligible expenses include passenger fares, tours, and hotels.
Trip delay reimbursement
If carrier travel is delayed more than six hours or requires an overnight stay, you and your family are eligible for trip delay reimbursement. Unreimbursed expenses like meals and lodging are covered, up to $500 per ticket.
Auto rental collision damage waiver
Those with Chase credit cards can also use an auto rental collision damage waiver. This can reimburse you up to $75,000 for theft and collision damage for rental cars in the United States and abroad. You must decline the rental car company’s collision and insurance. You also need to charge the entire rental cost to your Chase Sapphire Reserve® credit card.
Baggage delay insurance
Chase Sapphire Reserve®’s baggage delay insurance provides reimbursement for the emergency purchase of essential items, like clothing and toiletries. This coverage comes into play when baggage is delayed or misdirected for more than six hours by a common carrier. The trip must have been paid for by a Chase Sapphire Reserve® card. This insurance provides up to $100 per day for a maximum of five days.
Lost luggage reimbursement
If you or an immediate family member find that your checked or carry-on luggage has been damaged or delayed, you’re covered. This coverage offers up to $3,000 per passenger.
Examples of services include a battery boost, flat tire service, fuel delivery, towing, and lockout assistance. The cardholder is covered when driving an owned or leased vehicle or a vehicle furnished by the owner. You can use roadside assistance when traveling throughout the United States and Canada.
Roadside assistance provides up to $50 in coverage per event. A maximum of four service events are covered per year. Cardholders can use this coverage any time by calling 1-866-860-7978.
Emergency evacuation and transportation
This benefit covers things like emergency transportation, medical services, and medical supplies. You can use your coverage if you become sick or injured during a trip and need emergency evacuation. The cardholder, a spouse or domestic partner, and legally dependent children under 18 can use this benefit.
This coverage is supplemental to insurance. The covered trip must have been purchased with a Chase Sapphire Reserve® card. The trip must also include travel on a common carrier. Up to $100,000 in benefits are available.
Emergency medical and dental benefit
Medical and dental coverage is available up to $2,500 and is subject to a $50 deductible. This coverage provides up to $75 per day for a hotel room if a doctor determines that immediate travel isn’t possible. You can get reimbursed for eligible emergency treatment for sickness or an accidental injury during a covered trip. This benefit kicks in when coverage is not available by your medical insurance.
To be eligible for coverage, the trip must have been paid for with a Chase Sapphire Reserve® card. The travel must have also occurred on a common carrier. It’s available for the cardholder, a spouse or domestic partner, and legally dependent children under the age of 18.
How to file a claim
To file a claim for Chase Sapphire Reserve travel insurance benefits, call 1-888-675-1461. You can also file a claim online through Eclaims Line.
This platinum card offers more than just access to the Chase Ultimate Rewards program. You’ll feel better knowing you have Chase Sapphire Reserve travel insurance benefits. So, if you don’t already have this card, you may want to prequalify for a Chase credit card.
Take a look at our list of best travel credit cards. By taking time to compare credit cards and their benefits, you can find the right credit card for you.
View more information: https://www.fool.com/the-ascent/credit-cards/chase-sapphire-reserve-travel-insurance/