The highways, byways and skyways are again filling with travelers, who are now much more cognizant of the need for travel insurance, having weathered the past year. More than 70% of consumers have looked into or bought trip coverage, according to battleface Travel Insurance. Additionally, around two-fifths of consumers reported being unaware that travel insurance is mandatory in certain countries, including Bermuda, the British Virgin Islands, the Dominican Republic, and Turks and Caicos, according to the travel insurance provider. While many travelers have researched coverage, they likely didn't have to look much further than their billfolds as more than half of credit cards offer travel accident coverage, according to WalletHub, which reported 34% of cards offer trip cancellation coverage, 36% feature lost luggage insurance and 32% extend delayed luggage coverage to cardholders. Further, 16% of cards offer travel delay insurance, providing an average of $500 in coverage. Most major credit card issuers offer travel insurance, with Citi, Bank of America and Discover being the only outliers. The above slideshow highlights the credit cards with the best travel insurance benefits, as ranked by WalletHub on factors such as what is covered, modes of transport included, coverage duration and amounts covered for accidents and lost luggage. Related: |
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
