Hola All!
I'm going to Europe in about a month and getting to the last stage of organizing everything. I have booked everything through my ANZ Platnium Rewards Card, which comes with complimentary travel insurance.
Is this enough? Should I buy normal travel insurance just to be safe? What are you experiences with credit card travel insurance?
As above, always read the PDS for what covers. And in CBA you can add extra's.
Even if its a bought cover, your claim can still be rejected, if its not cover within the PDS of the policy you bought.
you must read all the fine print. Some really poor quality policies out there. Some have huge excesses & small limits per item, in other words you could make a claim for something you have lost & they'll depreciate it(eg. a $500 camera bought last year as long as you show receipt, might be worth $100, with a $50 excess, is hardly worth filling out the masses of paperwork & getting a police report)
too* ¯_(ツ)_/¯
ahhh….
My ANZ rewards black stated that I only needed to spend $200 on a holiday related transaction (eg. flights, hotels ) for family and i to be covered. ANZ card insurances are covered under Alliance so look up some reviews on them
it depends on where you are going and what you think you will need cover for.
the main thing really to look out for on your CC travel insurance is the level of medical care or claims you get..
all the other stuff like lost travel docs and delayed flights and cancelled plans are sufficiently covered by credit card travel insurance,.
if I was going to a remote area of south east asia or Africa… I would buy separate travel insurance. if I was going to japan I probably wouldn't
$500 excess on ANZ off memory. So factor that in if you dont have contents away from home insurance etc.
I found the CBA CC travel insurance quite comparable to the SCTI cover I had on my previous holiday. Major difference was the excess. So I gambled on whether I would make a claim or not, and chose to take the CC insurance. Didn't make a claim, saved a couple of hundred in not buying cover. If I had to make a claim I would have been a few hundred worse off. But all insurance is a gamble.
Read the PDS; your cover will depend on the bank and card. Some cards have excellent travel insurance policies.
Cc insurance usually do not cover preexisting.
Most insurance do not cover pre-existing conditions.
Read the PDS and compare it with the cover you get elsewhere. If you think it is not sufficient, get a separate travel insurance.
I went to Europe and only used the one came with my credit card.