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Your credit card and travel insurance abroad

Credit card insurances (Visa, Mastercard, American Express) are more like assistance contracts that assists you if anything should happen, for a short term without giving you a very important health insurance coverage and on no account when you stay more than 3 months or 90 consecutive days abroad.

Without going into too much detail, here are some practical examples and limits of insurances provided by your credit card.

For more details on travel health insurance of your bank card or credit card. (Document in pdf format Acrobat Reader)

  • Concerning the Insured person: It is usually the cardholder, his/her spouse or partner, dependent children under 25 years old and ascendants and descendants.
  • Concerning the place for the application of benefits: The insurance benefit applies to more than 100 km from home or usual place of work.
  • Concerning the application duration of the benefits: The assistance benefits apply the first 90 days of stay. CAUTION: If your stay exceeds 3 months, your "standard" credit card will not cover you.
  • Concerning the amount of covered medical expenses: The limits offered by credit cards are trivial compared to the medical expenses that may be undertaken in some foreign countries like the United States, it is also the case for deductibles. For example, with a deductible of €50, if doctor consultation will cost 60 €, you will be reimbursed between 0 and 10 € with your credit card.
  • Concerning evacuation and repatriation insurance: IMPORTANT: with complementary health insurance, there is no ceiling that low which result in covering you very badly in case of major health problems, for  which it is essential to be well covered.
  • Concerning the travel cancellation insurance: The travel cancellation insurance is generally not offered with 'standard' cards.
  • Concerning delayed flights or luggage:  'Standard' cards do not usually offer compensation.
  • Concerning luggage theft and damage: The “standard” cards do not compensate in case of problems with your luggage.
  • Concerning civil liability: You are not covered with standard cards for civil liability. Remember that if there is an accident, 1.5 million € in some countries like the United States are quickly spent between medical expenses, legal fees etc ....
  • Concerning the death and disability benefit: The application of this benefit is generally subject to the use of your card to purchase your ticket.

For more details on travel health insurance of your bank card or credit card.


Tuesday, 21 December 2010 00:00