If you are considering the purchase of the supplier offered waiver, coverage through your credit card company, or relying on your home owners/renters insurance or medical insurance, please read the fine print carefully. Waiver, assistance, and insurance options listed below do not cover agency cancellation and change fees.
In most cases travel supplier offered “insurance” is actually a travel waiver not true travel insurance. This means the waiver allows for the travel package value already paid to be converted to credit for future travel. The waiver does not cover unexpected expenses that can arise when travel issues occur such as travel delays, trip cancellations or emergency medical coverage overseas.
In most cases travel coverage offered by credit card companies is only the offering of their assistance to locate hospitals, new flights, emergency help, etc. The coverage does not, however, cover the costs associated with the medical bills, new flights, emergency help, etc. When card companies do offer true insurance, it is usually the rule that all expenses need to have been paid for on the card with the insurance coverage. And still, your credit card likely will not protect you in case of travel delays, trip cancellations or emergency medical coverage overseas.
In most cases your every-day medical insurance will not cover you if you’re traveling out of the country or cruising on a ship registered in a foreign country. Even when traveling domestically (without a passport), some medical insurances will not cover you if you’re out of state and/or out of network.
When traveling, homeowners/renters insurance may cover some losses that could occur due to theft. The maximum payout depends on the policy and how the stolen items are covered within your policy. In most cases, however, homeowners/renters insurance does not cover travel delays, trip cancellations or emergency medical coverage overseas.