You Might Already Have Coverage Through a Credit Card
Before you put down money on a travel insurance plan, look into what coverage you might already have in your wallet. You might be pleasantly surprised if your credit card covers travel insurance types such as lost luggage reimbursement and trip delay reimbursement.
For example, a Chase Sapphire Reserve card comes with travel insurance perks like trip cancellation and trip interruption insurance, up to $10,000 per person and $20,000 per trip for prepaid nonrefundable expenses. This coverage kicks in if your trip is cut short due to problems covered by the policy, like severe weather or getting a court subpoena that can’t be postponed or waived.
Contact your credit card company and ask for details about your coverage for travel. If your card offers certain types of insurance, like roadside assistance, then you don’t need to include that in a travel insurance purchase.
Here are Forbes Advisor’s best credit cards for travel insurance benefits.