Travel

When Your Credit Card’s Travel Insurance Coverage Isn’t Enough

Many credit cards offer travel insurance as a perk, but the limited coverage may not be adequate if you are taking an expensive trip.

Question: I see the need for travel insurance, and some credit cards offer protection that I think is pretty comparable to what one could purchase in the marketplace. Do I still need travel insurance if I have coverage through a credit card?

Answer: If you’re taking a short, inexpensive domestic trip – say, a $200 flight followed by a stay at your aunt’s house – the cancellation and delay protections folded into a travel credit card will probably suffice. But if you’re plunking down a large deposit on a blowout vacation or if you are heading abroad, an independent travel insurance plan is the safest option.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
11 Best Monthly Dividend Stocks and Funds to Buy
Kiplinger's Investing Outlook

11 Best Monthly Dividend Stocks and Funds to Buy

Your bills come monthly. Why not your dividend checks? These are some of 2021's best monthly dividend stocks and funds for easier income planning.
May 25, 2021
4 Strategies to Reduce Taxes in Retirement
retirement planning

4 Strategies to Reduce Taxes in Retirement

Don’t let the possibility of higher taxes in the future sink your retirement income plan. Consider these four ways to help manage your taxes, keeping …
May 31, 2021

Recommended

Do You Need Life Insurance When You're Young?
Financial Planning

Do You Need Life Insurance When You're Young?

As millennials have families and take on financial obligations, we need life insurance to protect those we may leave behind.
May 24, 2021
Is Your Home Insured Against Disaster? Better Check
Becoming a Homeowner

Is Your Home Insured Against Disaster? Better Check

Your insurance policy might leave you high and dry when things get wet (or hot, or shaky). We'll talk about making sure you're fully covered. Also, in…
May 18, 2021
Annuities: How They Could Work for You
Financial Planning

Annuities: How They Could Work for You

No doubt, investing in annuities can be a tough call for the active investor. But there comes a time when relinquishing some control in exchange for r…
May 6, 2021
Umbrella Insurance – Do I Need It?
insurance

Umbrella Insurance – Do I Need It?

You might think your home and auto insurance offer more than enough coverage, but if you’re wrong, one very bad day could wipe out your wealth. That’s…
May 5, 2021