Wednesday, December 1, 2021

Does Amex Gold Card Cover Travel Insurance

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What Are The Other Amex Gold Card Benefits

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When you sign up to the American Express Gold card UK youll receive 2 free airport lounge passes. These are offered by the Lounge Club network and can be used at most airports throughout the UK one great perk to complement the free flights. Have a look at the No.1 Lounge at London Gatwick North Terminal below.

Earn one Membership Rewards point for virtually every £1 spent on the American Express Gold card UK. These, again, can be converted to Avios, which if applied to the 12,000 sign-up bonus will help you reach those further-away destinations.

Youll receive 10,000 bonus Membership Rewards points when you renew the American Express Gold card UK after a year. I personally feel that the £140 charge for the card after 12 months does not merit the rewards offered. As such it may be beneficial to cancel the card once youve hit the bonus limits.

Stay Covered If The Worst Happens

If youre planning a major trip, it may be a good idea to use your American Express credit card when you book it. Not only will you earn valuable rewards points, but youll also get complimentary travel insurance that can give you peace of mind and protection.

Powerful Benefits with a Low Annual Fee

Additional Amex Protection For Cell Phones

While short-term in the length of coverage or having a limited application, you will find additional protection for your cell phone offered on all of the Amex cards in this article.

  • Purchase Protection Pay for your eligible item with your card and receive coverage for damage and theft for 90 days from the date of purchase. Coverage is limited to $10,000 per incident, $50,000 per card.
  • Extended Warranty Eligible items purchased with your card that have manufacturers warranties of 5 years or less may receive 1 additional year of coverage. Coverage is limited to $10,000 per incident, $50,000 per card.

Bottom Line: While the level of coverage varies, youll find purchase protection and extended warranty coverages on every American Express card.

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Buying A Separate American Express Travel Insurance Policy

American Express offers useful travel insurance policies with many of its . But if you arent an American Express cardmember, you can still qualify for coverage by purchasing American Express travel insurance with your own credit card.

Coverage is available worldwide, except where coverage would violate United States economic or trade sanctions. However, you must be a permanent resident of the United States to qualify for insurance.

Insurance must be purchased before your trip, and you must buy coverage for each trip you take. You can buy an insurance package, or choose which policies you want to add from the following list:

  • Trip cancellation/interruption: If your trip is canceled or delayed, you can get coverage for 100% of your trips total cost.
  • Global medical protection: You can get $25,000 to $100,000 in coverage for emergency medical or dental expenses, as well as emergency evacuation benefits.
  • Global baggage protection: If your bags are lost, stolen, or damaged, you can get $500 to $2,500 worth of coverage.
  • Global trip delay: If your trip is delayed and you need to pay for essentials like lodging, toiletries, or clothing, you can get $150 to $300 in maximum coverage per day.

Even if you have a travel rewards card that offers insurance, it may be worthwhile to buy additional coverage if your card offers low benefits or if the card only offers certain types of insurance.

You can buy a separate travel policy on the American Express website.

How To Maximize The Perks And Benefits Offered By The Amex Gold

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While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. After all, American Express Membership Rewards points are valued at approximately 2 cents each, according to The Points Guy, so the welcome bonus on this card could be worth up to $1,200 on its own.

There are additional ways to maximize the Amex Gold Card benefits you receive, including the following:

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I Had The Old Amex Gold Charge Card Can I Now Sign Up For The Credit Card

Yes. Whilst existing customers will retain the charge card, new customers will automatically be granted the Amex Gold credit card. If you already have the charge card you can actually cancel that card and sign up to the new credit card and receive the first year free. Worth thinking about if youre paying £140 pa although wed usually recommend most people cancel before paying the annual fee! You wont however receive the new joiners sign-up bonus.

Use Your Rewards Benefits Including Hotel Credits

This card offers a hotel credit of up to $100 on qualifying dining, spa and resort activities plus a room upgrade at check-in, if available, when you book a prepaid hotel stay of at least two consecutive nights at participating properties through American Express Travel.

Unless you have another hotel-specific card, or a high-powered rewards earner like the Platinum Card® from American Express in your wallet, make a habit of paying for all of your hotel expenses with the American Express® Gold Card.

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American Express Travel Insurance Plans

Global Travel Shield ClassicThis is the plan when you just want basic protection for your trip without spending a lotThis is American Express budget plan, with good protection for trip cancellations. The medical coverage limit is not high, but its plenty for the standard traveler depending on your destination. This is a basic travel insurance plan to help travelers avoid high financial losses as long as youre not traveling to a remote location or participating in risky activities.

Global Travel Shield DeluxeHigher medical coverage without sacrificing the basicsThis plan is an excellent blend between a basic plan and the higher priced premium plan, and it offers higher medical expense and evacuation coverage for trips where thats important to you. The baggage loss limit is also relatively high when compared to other plans, so this plan will help a stranded or injured traveler very well.

GoldGood travel insurance plan as long as youre not traveling remotely or adventurouslyNone of the American Express plans cover risky, adventurous activities, but this is a good plan that will deliver the protection most travelers need. The medical coverage is not high, but it might be right depending on where youre headed.

Auto Rental Collision/loss Damage Insurance

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When arranging for a car rental agreement, you may be asked to purchase the rental companys daily insurance or its daily Collision Damage Waiver or Loss Damage Waiver . If you pay for the car rental with a credit card with Auto Rental Collision/Loss Damage Insurance AND decline the rental agencys daily insurance or CDW or LDW, the CLDI insurance with your credit card may provide coverage from loss or damage to the rental vehicle up to the actual cash value of the rental vehicle as defined in your insurance certificate. Note that some car rental companies may assess their damages at an amount greater than the ACV of the rental vehicle and you may be liable to the car rental company for the difference.

Therefore, before declining the car rental companys daily insurance or CDW or LDW, you should read carefully and compare the terms of the car rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs.

You should also check with your personal automobile insurer and the rental company to ensure that you and all other drivers have adequate third party liability, personal injury and damage to property coverage because the CLDI insurance only covers theft, loss or damage to the rental car.

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What Other Perks Have Changed

However, Amex cardholders who were taking advantage of premium roadside assistance should ensure they have other coverage in place in case of an emergency. Previously, the premium version of this perk offered on the Amex Gold and Platinum cards among others covered the cost of the first four eligible events per year. If you are worried about paying for a tow, jump start or other roadside emergency, consider third-party coverage like AAA.

Additionally, two other American Express benefits are now tapered down. Extended warranty protection will now only offer one additional year of coverage and price protection will cover up to 90 days . Dont forget to check out your benefits guide before you prepare any claims.

American Express Green Card

The American Express Green Card has plenty of perks that make travel more enjoyable. Youll get annual credits to LoungeBuddy and CLEAR that can help offset the $150 annual fee. Youll also be eligible for travel insurance, including:

  • Trip delay insurance: If your travels are delayed by more than 12 hours due to inclement weather, problems with a carriers equipment, a lost passport, or other eligible scenarios, you could be reimbursed. Get up to $300 per delayed trip to pay for food, a hotel, or toiletries. Theres a maximum of two claims per one year period.
  • Baggage insurance: If your bags are lost or damaged while traveling on a common carrier, the Green Card provides secondary coverage to replace your items. Carry-on bags are covered up to $1,250 while checked baggage is covered up to $500. High-value items such as electronics or jewelry are not covered.
  • Car rental loss and damage insurance: Charge a rental car reservation to your card and decline the rental companys insurance to be eligible for secondary car rental loss and damage insurance from American Express. Youll be covered for theft and damage up to $50,000.
  • Global Assist Hotline: If you travel more than 100 miles from home and need medical, legal, or financial help, you can call the hotline at any time for a referral to a local provider. Theres no cost to use the hotline, but you will need to pay for additional services.

Powerful Benefits with a Low Annual Fee

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American Express Says Their Travel Insurance Will Cover Platinum Cardholders For Coronavirus

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There was some discussion in our comments yesterday about insurance coverage for the coronavirus outbreak.

A reader had contacted American Express Platinum and been told that, basically, he was stuffed. Amex said that they would refuse to pay out if he travelled and fell ill but would also refuse to pay out if he cancelled.

I took a look at a different insurance policy I hold. It includes this line, which I thought was standard across all travel insurance policies:

Cancellation and curtailment/loss of holiday

If beneficiaries are forced to:

a) cancel their trip as a direct and necessary result of any cause listed below:

The UK Foreign and Commonwealth Office or the equivalent government authority in the beneficiarys country of residence advising against all travel or all but essential travel to the beneficiarys intended destination.

is, of course, where we are now with coronavirus, with the Foreign Office advising against all but essential travel.

I had a look at the Amex Platinum insurance document and in theory it backs up what the reader was told by the call centre. I also asked a barrister friend to take a look and he confirmed my interpretation. With Amex Platinum insurance there appears to be no option which allows you to cancel if the Foreign Office says you should not go. You need to look at Section 1.2.

However ..

How Does Turo Car Rental Insurance Work

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Turo also sells protection plans, which vary by market. You can see the full details on Turos website, but heres a quick summary of the plans available for rentals in the U.S.:

  • Premier plan
  • Cost is 100% of the trip price with a minimum charge of $14 per day
  • Secondary third-party liability insurance coverage with a limit of $750,000
  • Primary physical damage contract limiting your responsibility to $0 for physical damage to your hosts vehicle
  • Standard plan
  • Cost is 40% of the trip price with a minimum charge of $12 per day
  • Minimum third-party liability insurance coverage required by the state where the car is registered
  • Primary physical damage contract limiting your responsibility to $500 for physical damage to your hosts vehicle
  • Minimum plan
  • Cost is 15% of the trip price when the trip price is more than $250 and 25% of the trip price when the trip rice is less than $250, with a minimum charge of $10 per day
  • Minimum third-party liability insurance coverage required by the state where the car is registered
  • Primary physical damage contract limiting your responsibility to $3,000 for physical damage to your hosts vehicle
  • These plans arent inexpensive. After all, for a sample one-week rental in Orlando that lists a $23.75 per day rental rate, Premier protection would cost $23.75 per day, Standard protection would cost $12 per day and Minimum protection would cost $10 per day.

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    Is The Card For You

    The short answer? Probably. The American Express Gold Cards 4 points per dollar earnings rate at restaurants and U.S. supermarkets make the card a rewarding choice for many people. Membership Rewards are a versatile tool in the travel rewards toolkit. However, you will need to jump through a few hoops to make up for the $$250 annual fee with the credits this card offers.

    To view rates and fees of the American Express® Gold Card, please visit this page.

    To view rates and fees of The Platinum Card® from American Express, please visit this page.

    Scotiabank Gold American Express

    • Rental Car Coverage: Covered up to the vehicles actual cash value plus any valid loss of use charges, towing charges, and administrative charges resulting from damage or theft
    • Coverage amount: Rental car with an MSRP of up to $65,000
    • Coverage period: Up to 48 consecutive days
    • Conditions: You must use your card to pay the full cost of the rental vehicle and decline the rental agencys damage waiver

    In-depth:American Express Gold Rewards Travel Insurance

    Whats great about the Scotiabank Gold American Express card is that it offers coverage up to the vehicles actual cash value plus loss of use charges, reasonable towing charges, and administrative charges that could result from damage or theft. The coverage extends to cars, sport utility vehicles, and minivans provided they seat no more than eight occupants including the driver, and they are used for private use only. It features a generous welcome offer of 50,000 points , and as an added perk, you can also get 25% off at participating Avis locations.

    • No annual fee
    • No foreign transaction fee charged on purchases abroad
    • Earn 1% cash back on all purchases, with no limit on the amount you can earn
    • The Visa Zero Liability Policy for protection against fraud
    • Not available in Quebec

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    What are the best American Express Platinum travel benefits?

    The best American Express Platinum card travel benefits are its access to 1,300+ airport lounges worldwide, its $200 annual airline credit, and complimentary Gold Status in the Hilton Honors and Marriott Bonvoy loyalty programs. Plus, you get 5 points / $1 spent on flights and hotels booked through American Express Travel. And to top it off, theres a $15 monthly Uber credit, 0% foreign transaction fee, and baggage and travel insurance. On top of that, this card comes with an initial bonus of 100,000 points for spending $6,000 in the first 6 months.read full answer

    The American Express Platinum card is a charge card, which means youll have to pay the balance in full every month. Plus, it has a $695 annual fee. So, you should make sure that you will take advantage of as many American Express Platinum card travel benefits as possible to get your moneys worth.

    Emergency Medical And Dental Benefit

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    With emergency medical and dental benefit, you can be reimbursed for up to a specified amount of medical expenses if you or your immediate family members become sick or injured while traveling. Here’s what you should know:

    • Coverage includes ambulance services, drugs, medicine and therapeutic services.
    • You must use the respective card for your travel expenses, such as airfare, hotel, rental car and any other applicable costs.

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    Up To $120 In Uber Cash

    Cardholders also receive up to $120 in Uber Cash each year, which can be used for Uber Eats food deliveries or Uber rides. These credits are also given out on a monthly basis in increments of $10, and they dont roll over from one month to the next. Also, note that youll earn 4X points on Uber Eats purchases when you pay with your credit card since food delivery falls within the restaurant category.

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