How can travel insurance protect your passport and credit cards? Read on to learn what’s covered and how travel insurance can help when these important items are lost or stolen.29 April 2011
This coverage provides reimbursement for unauthorized credit card charges, fees to replace passports, and emergency cash advances or transfers to stranded travelers.
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What does Passport/Credit Card Services cover?
Important notes about this coverage
What type of policy covers this?
How much coverage does each company provide?
High-school friends, Steve and Bill were taking a backpack trip through South America before they started college. Their parents insisted they get travel insurance when they made their travel plans. When they were robbed in a hostel one evening, the boys were very glad they did.
Their travel insurance company helped wire emergency cash from their parents so the boys would have the money they needed to finish their trip before heading home. In addition, the travel insurance company reimbursed the boys for the cost of replacing their stolen passports so they could re-enter the country.
All travel plans provide an emergency assistance hot-line that can help with a variety of travel-related problems such as lost passports and credit cards. This means that you can expect travel assistance services to help you reach the local authorities and assist you in getting your documents replaced.
In addition to those services, some plans provide assistance with the following:
This coverage is separate from the identity theft services provided by many travel insurance plans.
Passports, credit cards, and other travel documents are not typically covered by baggage protection, so it’s important to keep those documents on your person when you travel.
This coverage is actually quite common, so you’ll find it in vacation package plans, business traveler plans, medical plans, and flight insurance plans.
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.