Why Travel Insurance is a Must-Have for Sapphire Reserve Cardholders

Traveling can be an exciting experience, but it can come with some risks that could spoil your travel plans. One way to protect yourself against these risks is by purchasing travel insurance, which can cover you for unexpected events such as trip cancellations, medical emergencies, and lost baggage. If you’re a Sapphire Reserve cardholder, you have access to some unique benefits that can make travel insurance even more beneficial. Here’s why travel insurance should be a must-have for Sapphire Reserve cardholders.

Introduction

When it comes to travel, anything can happen. You may need to cancel a trip due to unforeseen events, your luggage may get lost, or you may need medical attention while abroad. These scenarios can be stressful, not to mention potentially costly. This is where travel insurance comes in handy. It can provide you with coverage for these situations and give you peace of mind while you’re away from home.

What is Sapphire Reserve Card?

Before we dive into why travel insurance is beneficial for Sapphire Reserve cardholders, let’s first understand what this card is all about. Sapphire Reserve is a premium credit card offered by Chase. It comes with a wide range of benefits, including travel perks such as airport lounge access, travel credits, and a rewards program that offers points for every dollar spent with the card. It has an annual fee of $550, making it a more expensive option than other credit cards.

What Travel Insurance Benefits Does Sapphire Reserve Card Offer?

Sapphire Reserve cardholders have access to some unique travel insurance benefits that are not available with other credit cards. For instance, they can benefit from trip cancellation/interruption insurance of up to $10,000 per person and $20,000 per trip. This means that if your trip is cut short due to unexpected events such as illness or natural disasters, you can recoup your travel expenses.

Another benefit is the emergency evacuation and transportation coverage, which covers up to $100,000 for emergency medical transportation. This is particularly beneficial if you’re in a remote location and need to be airlifted to a hospital for medical attention. In addition, Sapphire Reserve cardholders can benefit from baggage delay insurance, which covers up to $100 per day for up to five days in the event your luggage is delayed by more than six hours.

Why Should Sapphire Reserve Cardholders Consider Additional Travel Insurance?

While the travel insurance benefits offered by Sapphire Reserve card are impressive, they may not be sufficient for all travel scenarios. For instance, the trip cancellation/interruption coverage may not cover some events such as terrorist attacks or political unrest, which can lead to travel disruptions. Additionally, the emergency medical transportation coverage may not be enough to cover the cost of medical treatment in some countries, where medical expenses can be exorbitant.

This is where additional travel insurance comes in. By purchasing a comprehensive travel insurance policy that covers these scenarios and more, you can have peace of mind knowing that you’re fully protected while traveling.

Conclusion

Traveling can be a memorable and exciting experience, but it’s important to have safeguards in place to protect yourself against potential mishaps. Sapphire Reserve cardholders have access to some unique travel insurance benefits, but it’s worth considering additional coverage to ensure that you’re fully protected. By purchasing a comprehensive travel insurance policy, you can enjoy your travels with peace of mind knowing that you’re covered for unexpected events.