The Best Summer Travel Insurance
As the coronavirus (COVID-19) pandemic looms, many Americans have changed their travel plans. Suddenly this summer, driving has become a popular option: according to a recent survey by Expedia, 85% of U.S. travelers say they are more likely to take a road trip. While choosing a car means you may not need flight cancellation insurance, the Financial Statement covers some other rules to keep in mind.
If someone breaks into your car, hotel room, or Airbnb, your stolen property may be protected by your tenant’s or homeowner’s insurance policy. However, you should check your deductible before take off – it may be higher than the value of your property.
Before filing a claim, consider how it might affect your policy, including a possible increase in premiums. Future increases in premiums may offset what you can get in a claim.
If you prefer a different option to protect your property and are interested in different coverage, you can purchase a separate travel insurance policy. Companies like RoamRight or Berkshire Hathaway Travel Protection offer policies specifically for car travel.
In addition to theft, these plans may offer coverage for things like trip cancellations, trip interruptions, and emergency medical care like coronavirus disease . You should always ask for details in advance to prepare for the worst-case scenario.
Your credit card may also cover theft, trip cancellation, or trip interruption. AmEx offers 90-day purchase protection with most of its cards . Your Visa Signature card can give you the same benefit. Mastercard World and World Elite cards can offer protection for up to 180 days. But before relying on your card’s policies, please take note of any restrictions and limits.
If your trip is canceled or interrupted at the last minute, check if your credit card offers any protection. Some premium credit cards offer compensation for both of these types of events under certain circumstances.
As new coronavirus hotspots emerge, it’s critical to protect yourself by following guidelines from the Centers for Disease Control and Prevention. Regardless of where you decide to go, you should continue to wash your hands, practice social distancing, and wear a mask.