Buzz
As the COVID-19 pandemic continues, many Americans have altered their travel plans. This summer, road trips are seeing a rise in popularity—85% of U.S. travelers indicate they’re likely to hit the road, based on a recent poll by Expedia. While choosing to drive may eliminate the need for flight cancellation insurance, a Money article highlights other types of coverage worth considering.
If a break-in occurs at your car, hotel, or Airbnb, your belongings may be covered under your renter’s or homeowner’s insurance. Be sure to verify your deductible before heading out, as it could be more than what your possessions are worth.
Before submitting a claim, think about how it could affect your policy—particularly the potential rise in premiums. The increase in your future premiums might outweigh the amount you can recover from the claim.
If you're looking for an alternative way to safeguard your possessions and explore additional coverage options, consider purchasing a standalone travel insurance policy. Providers such as RoamRight and Berkshire Hathaway Travel Protection offer specialized policies designed for road trips.
These plans often include coverage for more than just theft, such as trip cancellations, travel delays, and medical emergencies—including situations like contracting the coronavirus. Always inquire about the details upfront so you're prepared for any worst-case scenarios.
Your credit card may also provide protection against theft, trip cancellations, or interruptions. For example, AmEx offers 90-day purchase protection on most of their cards, while Visa Signature cards often include similar benefits. Additionally, Mastercard’s World and World Elite cards may offer up to 180-day protection. Be sure to check for any restrictions or limits before relying on your card’s coverage.
In case of last-minute trip cancellations or interruptions, see if your credit card provides any protection. Some premium credit cards offer reimbursements for both types of events under specific conditions.
With new coronavirus hotspots emerging, it's essential to protect yourself by adhering to the guidelines provided by the Centers for Disease Control and Prevention CDC guidelines. Regardless of where you travel, remember to wash your hands regularly, maintain social distancing, and wear a mask.
