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I have trip cancellation/interruption insurance from Chase with coverage up to $10,000. Does anyone have advice on relying on such coverage for a cruise versus buying coverage from an insurer.

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I have trip cancellation/interruption insurance from Chase with coverage up to $10,000. Does anyone have advice on relying on such coverage for a cruise versus buying coverage from an insurer.

 

 

Just a thought. Chase "resinsures" that coverage through an insurer. Is that any better then if you book with another (or the same) insurer? My advice is always the same. Read the "fine print: of the coverage (of any insurance policy) and if it meets your needs...then go for it! But many folks do not bother to read the fine print and definitions. Make sure that whatever policy you get (whether it be from Chase or a policy you purchase) meets you own needs. Each of us has their own needs and risk tolerance. DW and I generally travel over 6 months per year...with no trip cancellation insurance...and have done that for more then 30 years. At this point, because we do not purchase trip cancellation insurance, we are more then $100,000 ahead (the money we saved by not paying for cancellation insurance Premiums). If we had to eat the cost of a $20,000 trip...we would still be way ahead of the game.

 

The coverage given by Chase has definitely attracted our own interest....and we are thinking of getting a Chase Sapphire Reserve Credit Card for that benefit plus their primary rental car coverage. But each person needs to carefully assess their own needs and wants...and act accordingly There is no right or wrong...but simply what works best for you and your own risk tolerance.

 

Hank.

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  • 1 month later...

Yes, we also recently purchased the Chase Reserve card. It was spendy but we will get much of the annual fee back due to travel costs. I noticed, however, that there is no provision for emergency evacuation. We may need to supplement for that, but, otherwise, I would think 20k should cover us. After all, it's not like we will have to get medical care in the US!

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Yes, we also recently purchased the Chase Reserve card. It was spendy but we will get much of the annual fee back due to travel costs. I noticed, however, that there is no provision for emergency evacuation. We may need to supplement for that, but, otherwise, I would think 20k should cover us. After all, it's not like we will have to get medical care in the US!

 

So this is where one can find the fit for their own needs. For example, we recently obtained a Chase card that does give us the $10,000 (it actually can be $20,000 if booking for two) Trip Cancellation/Interruption insurance. If one gets the Chase Preferred card, the card is free for the first year and then $95 a year thereaffter. But the 50,000 points (if you spend $4000 the first 3 months) is worth about $500 which actually pays for the card for a few years. So now, one has cancellation and interruptions...but not Med. Not a problem. We buy an annual trip medical policy from GeoBlue (their "Trekker" policy) that gives us $250,000 or medical and $500,000 of evacuation insurance for the ENTIRE YEAR. This policy covers EVERY trip we take throughout the year....but only up to the first 70 days per trip :). Geoblue generally costs about $450 a year for a couple! The beauty of this combination is that since we take multiple trips throughout the year, these two policies cover all of our trips at a fraction of the cost of buying insurance for each trip. And also consider the $250,000 of medical....versus many Trip policies (especially those sold by the cruise lines) that only give you $5000 - $10,000 of Medical (barely enough for a single day of serious illness.

 

Hank

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My Chase Sapphire Visa Signature card has no annual fee and provides $10,000 trip cancellation/interruption insurance for a couple (5,000 each), or $20,000 in a single year. If anyone has ever filed a claim for reimbursement from Chase, please post your experience.

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Here in Australia I have just experienced the restrictions CC Complimentary Travel Insurance place on their policies. Using my Platinum MasterCard I paid a $4400 deposit on a lengthy cruise but unfortunately due to my husband suffering an unexpected health problem we have had to cancel our trip. As it was past the 181 days when we could get a refund from the cruise company (it was 133 days before the cruise) I contacted the Insurance Company. After a number of emails to and fro and going around in circles I was advised very briefly that according to their Product Disclosure Statement I was not eligible for any refund on my deposit as I had not obtain my overseas ticket! So beware and read every line in their product booklet if you can interpret it.

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  • 1 month later...
Yes, we also recently purchased the Chase Reserve card. It was spendy but we will get much of the annual fee back due to travel costs. I noticed, however, that there is no provision for emergency evacuation. We may need to supplement for that, but, otherwise, I would think 20k should cover us. After all, it's not like we will have to get medical care in the US!

 

The Chase Sapphire Reserve does provide Emergency Evacuation coverage up to $100,000: https://creditcards.chase.com/credit-cards/chase-sapphire-reserve?CELL=6TKX; But reading this reminds me that I need to take a look at my benefits guide to read the fine print...

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  • 2 months later...

Chase sapphire did payout for us without much ado.

So here is the next question. Like others, we have an annual travel medical policy.

And now we have a very costly trip to Antartica. We will need to insure close to $20k per person. Can we use multiple cards to get to our level of coverage needed? I am also confused as to how the $10k limit per card provides up to $10k of coverage.

Any advice is very appreciated!

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Hlitner, I do the exact same thing...

Now just trying to figure out how to cover the $15k each for our Antartica cruise, using multiple credit cards.

Do you have a suggestion?

I'm not sure this is possible.

 

Suggest you speak with each company and discuss the situation.

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Hlitner, I do the exact same thing...

Now just trying to figure out how to cover the $15k each for our Antartica cruise, using multiple credit cards.

Do you have a suggestion?

Definitely read the fine print. I know on some of the cards they say you are covered if you pay any part of the cost with that card. But there are many others that say the whole cost must be paid with that card. In that case you couldn't use multiple cards and have coverage.

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Definitely read the fine print. I know on some of the cards they say you are covered if you pay any part of the cost with that card. But there are many others that say the whole cost must be paid with that card. In that case you couldn't use multiple cards and have coverage.

 

Does anyone know if there is a pre-existing condition waiver exclusion with the Chase Sapphire card? I have coverage with my American Airlines Citi Mastercard and they have assured me that as long as you pay for the entire trip with the card, you are covered for cancellation/interruption for any covered medical reason with no pre-existing condition exclusion.

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When I checked the link under "what's not covered" it included pre-existing conditions! Have you ever questioned it with a representative from the card company?

 

Correct, pre-existing conditions (as defined by Chase) are not covered.

 

To answer an earlier question, we recently submitted a claim to Chase for a medical expense (not a cancellation), and it was handled within a week, and the check was received a few days later. Very prompt handling.

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Agree with other posters about reading (and understanding) the fine print. Maybe it does cover cancellation/interruption. And maybe the dollar value of the coverage meets your needs. But what incidents are covered? comp[are policies. Some cover very little, some cover lots (and cost more for a reason). Immediate family sick before you go? and what is immediate family? Lose your job? Lose your dog? Traveling companion no longer can / wants to go? You are on your trip and miss the ship because the Uber driver had an accident? For me there is lots to consider.

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  • 2 weeks later...
Chase sapphire did payout for us without much ado.

So here is the next question. Like others, we have an annual travel medical policy.

And now we have a very costly trip to Antartica. We will need to insure close to $20k per person. Can we use multiple cards to get to our level of coverage needed? I am also confused as to how the $10k limit per card provides up to $10k of coverage.

Any advice is very appreciated!

 

Jaqueline, we are in the same boat (figuratively).

We have the medical covered We have the evacuation covered and we are taking a World Cruise.

I checked and Chase covers up to 20K for the trip i.e.: 10K each.

What I wonder is whether we can each use a Chase Sapphire card and does that coverage go up to 40K ?

Citibank Costco card gives up to 6K (from what I could read, that amount would have to be spent on the cruise)

Even with 46K we are not close to the total price but we have accepted the fact that we have already planned to spend that money. Losing it would be a bitch but life goes on.

Hitner, you made so much sense to us when I read what you posted. We are going with GeoBlue to cover us for the trip. (not the annual as our cruise is too long for that) We also have MEdJet Assist to cover us for both Med vac and social unrest. Having a heart attack while on the ship would be much more costly than just the cost of the cruise.

Has anyone used multiple credit cards to pay off portions of an expensive cruise in order to maximize the trip cancellation or interruption parts? If so, what were the cards. Our Amex Platinum is basically useless when it comes to insurance.

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I have spoken two CSR from Chase Sapphire Preferred. If each of us pays for part of the cruise with our own card, the travel benefit applies to both card holders.

So I have been approved for a card and my husband already has his. This will give us each 10K in trip cancellation and interruption. I am happy with that.

I will also get 50K bonus points for spending 4K in the first three months. Final payment for the world cruise is October 8. We are planning on using the Chase cards to pay for 10K of the trip each.

Bottom line we will have 26K in credit card insurance. 20K from Chase and 6K from the Costco Citibank.

If there are other cards that I should know about, please advise. :D:cool::halo:

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The Chase Sapphire Reserve does NOT cover pre-existing illnesses or conditions.

 

https://www.chase.com/card-benefits/sapphirereserve/travel

 

Here's how it defines Pre-Existing Condition: Pre-Existing Condition – illness, disease or Accidental injury of you,your Traveling Companion, your Immediate Family Member or theImmediate Family Member of the Traveling Companion, for whichmedical advice, diagnosis, care or treatment was recommended orreceived within the 60-day period immediately prior to the purchaseof a Covered Trip. The taking of prescription drugs or medicationfor a controlled condition throughout this 60-day period will not beconsidered to be a treatment of illness or disease

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Just a clarification on definition of pre-existing conditions re: medications.

 

IF medications were CHANGED within that 60 day period look-back, then that IS considered a pre-existing condition and any subsequent issues affecting the trip ( cancellation, delay, medical?, not sure) with that 'illness, disease, or injury' is NOT covered.

 

I spoke to the insurance specialist at Chase Reserve and this is how it was explained to me.

 

 

Sent from my iPhone using Forums

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