Depending on how much value you put on the Amex credits to offset the annual fee. Terms apply. There are some things you just can't plan for. purchasing travel insurance in your 60s, 70s, and beyond, The 7 Best Cards for Travel Insurance Coverage and Protection [2023]. This is a key benefit of purchasing travel insurance through American Express Travel Insurance. 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. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. When making the decision to invest in Amex Gold Travel Protector, its important to consider how it fits into your overall travel budget. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. The Delta SkyMiles Gold American Express Card was revamped in 2019 with a new list of perks and revised earning rates. When Will Hawaiis Safe Travels Program End? For example, you'll generally need to pay for trips with your. One of the main advantages of Amex Gold Travel Protector is the comprehensive coverage it offers. You may also have coverage if you become ill due to COVID-19 during your travels. However, you'll need to be wary of several key restrictions: Coverage is secondary. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. Megan Lee joined the travel rewards team at NerdWallet with over 12 years of SEO, writing and content development experience, primarily in international education and nonprofit work. How to Book Cheap Car Rentals in Los Angeles [Price Comparisons], The 16 Best Ways To Redeem China Southern Miles [2023], American Express Travel Insurance Options, Additional Information American Express Travel Insurance, How Does American Express Travel Insurance Compare, The Value of Travel Insurance Comparison Sites, All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. The Amex Gold's current welcome bonus offer is 60,000 Membership Rewards points after spending $4,000 on purchases in the first 6 months. 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. 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. The Amex Gold Card's 60K-point initial bonus offer is available to new cardholders who spend at least $4,000 within 6 months of opening an account. For an explanation of our Advertising Policy, visit. When considering which policy to invest in, its important to weigh the pros and cons of each option. American Express offers four types of travel insurance and protections to holders of the American Express Gold Card: Baggage insurance that covers lost, damaged or stolen baggage. Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. The Amex Gold comes. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. The cheapest car rental companies, according to data, One of the newest travel insurance perks of the, (added as of Jan. 1, 2020) is trip delay insurance protections. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Amex's highest level of coverage offers decent protection that will suit most people, but some travelers will want more. In addition to providing coverage for a variety of potential problems, Amex Gold Travel Protector also offers a number of other benefits. Featured Image Credit: If so, where might I find the details and how to price it? Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy. Who's covered: This policy covers both primary and additional cardholders, as well as cardmembers spouses or domestic partners and any dependent children under 23 years old. For package travel insurance policies, you might be able to realize modest savings by shopping around, but you wont go wrong with the company selection of choosing American Express Travel Insurance. You become ill during your trip and must return home versus continuing on your journey. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Lets take a look at the package policy offerings and pricing. What is Delta Air Lines elite status worth in 2023? While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. Terms apply. $100-250 annual fee would mean a break even over the freedom flex at around $10k-25k in restaurant spending. However, if you are only planning one trip, it may be more cost effective to purchase a separate travel insurance policy. This card's value can more than cover its $250 annual fee in the right hands. The price for coverage is the same for everyone in that specific age bracket. For more information about the coverage offered by Amex Gold Travel Protector, please refer to their website. that covers lost, damaged or stolen baggage. Get more smart money moves straight to your inbox. Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. It can be relatively expensive, especially if you are planning multiple trips throughout the year. If you can max out all the benefits this card has to offer, it might become a cornerstone of your wallet. We may receive compensation when you click on links to those products. All financial products, shopping products and services are presented without warranty. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. For more information on our advertisers, see here. She has been published in U.S. News & World Report, USA Today and elsewhere, and has spoken at conferences like that of NAFSA: Association of International Educators. All Amex cards have access to Amexs Global Assist Hotline, but the Premium Global Assist Hotline and higher level of coverage are reserved exclusively for the Amexs premium cards: The information for the Amex Centurion and Amex Business Centurion cards has been collected independently by The Points Guy. 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. Ultimately, the decision to invest in Amex Gold Travel Protector should be based on your individual needs and budget. That's exactly the case with the Amex Platinum card. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. Here are our picks for the. 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 annual fee on the American Express Gold card is $250 (see rates & fees ). American Express baggage insurance covers luggage that is lost, stolen, or damaged while traveling on a common carrier. But families don't get a break on premiums. In order to protect yourself and your finances, its important to consider investing in travel insurance. Blue from American Express. Global Assist helps coordinate services when things go wrong on a trip. While this premium rewards credit card charges a $250 annual fee, several Amex Gold benefits make paying this fee well worth it. This trip delay insurance kicks in when you pay for a trip with your, Unfortunately, not every flight delay will be covered. Policies are designed to cover disruption due to the reasons listed in the policy you purchased. This is because you can convert 1 point into 1.33 Nectar points via the Avios partnership. 3X FOR FLIGHTS BOOKED WITH AIRLINES Dave Herholz (CC BY-SA 2.0) via Flickr Depending on your individual needs, it may be necessary to purchase additional coverage. When comparing other package policies to American Express Travel Insurance, the companys premiums came up higher overall for this specific trip and traveler (1-week trip, 40-year-old, total value $3,000). Check here before booking an award fare. 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. The American Express Gold Card's 4 points per dollar earnings rate at restaurants and U.S. supermarkets (up to $25,000 per calendar year, then 1 point) make the card a rewarding choice . Car rental insurance which covers damage to or theft of eligible car rentals. Allianz Travel Insurance Coverage Review Is It Worth It? The key benefit of the American Express Gold Card is 10 free miles of towing as well as jumpstarts and flat tire assistance. I'll use the Delta SkyMiles Reserve as an example. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. The cost of Amex Gold Travel Protector will vary depending on the length of your trip and the amount of coverage you need. The card details on this page have not been reviewed or provided by the card issuer. This post contains references to products from one or more of our advertisers. Even with a steep annual fee, you'll get excellent dining and travel perks that can help make up for the cost. A Comprehensive Guide, Is Hiring a Travel Agent Worth It? Here, we will take a look at the pros and cons of Amex Gold Travel Protector. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Up to. Is Amex Gold Travel Protector Worth It? Before you start filing a claim, make sure you have the documents listed above. One way to easily compare pricing and coverages is to utilize a travel insurance comparison site to narrow down the appropriate options for your situation. Your rental car, as well as taxis and ride-share services such as Uber and Lyft, would be excluded from this protection. 3x SkyMiles on eligible Delta purchases; 2x at restaurants and U.S. supermarkets. With Amex Platinum Trip Cancellation Insurance, you're are eligible for up to $10,000 per trip (with a maximum payout of $20,000 per 12-month period) for flight cancellations occurring due to a covered reason (such as inclement weather, jury duty, injury, illness, etc. For more tips on buying travel insurance in general, youll find valuable information in our guide to buying the best travel insurance. Related: Best credit cards for trip cancellation and interruption insurance. How Much Are Travel Points and Miles Worth in 2023? The Amex Platinum comes with access to a premium concierge service that can help you with everything from booking hard-to-get reservations to finding destination guides to help you plan out your next getaway. Unfortunately, not every flight delay will be covered. 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. Terms apply. You can use points earned with the AmEx Gold to offset flights booked through American Express Travel, AmEx's easy-to-use travel portal, but you'll only get one cent per point in value. Youll normally be working with 2 (or more) entities to get your claim resolved. These items include jewelry, sporting equipment, photographic or electronic equipment, computers and audio/visual equipment. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Your email address will not be published. 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Do you have knowledge or insights to share? 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. If you're starting to travel again, it's also a good idea to consider booking refundable travel. 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