About Credit Card Insurance (Part 2)
This post will discuss our topic about credit card insurance from Part 1.
Amount of medical expenses paid
The ceilings offered by credit cards are insignificant compared to medical expenses that may be incurred in certain foreign countries like the USA, so it is strongly advised to take out additional insurance. Your medical expenses will be reimbursed up to a ceiling of 11,000 € for Visa and Mastercard in addition with a deductible of € 50 for one and € 75 for the other. Prime Visa has a higher ceiling (155,000 €) with a deductible of 50 €. The Amex has a maximum refund of € 9200. For example, with a deductible of 50 €, so consulting a doctor will cost 60 €, you will be reimbursed between 0 and 10 € with your credit card.
Welfare assistance
Generally, the guarantees offered by different credit cards cover virtually the same benefits:
• The management of travel expenses and hotel for a family member in case of hospitalization of the insured more than 10 days (visa Prime »125 € / day for 10 days up to 375 € Over “Platinum MasterCard” 250 € / day for 10 days to 750 € above). NAMELY: with supplemental health insurance, there are no ceilings.
• Repatriation and assistance to their home or place of hospitalization of children under 15 years.
• The early return in case of hospitalization over 24 hours or death of a loved one (support for return ticket).
• The shipment of drugs.
• Repatriation of body in case of death during the stay.
• Legal assistance abroad.
Travel cancellation insurance
The cancellation of travel is generally not offered with the cards ‘standards’. Prime Visa offers this guarantee capped at € 5,000 with a rebate of € 200 per insured person if cancellation is made 30 days before departure. The cancellation fees are paid by the Amex Gold and Platinum in the amount of 4500 € to 10.000 € per insured per year. The “Platinum MasterCard” reimburse up to a ceiling of 10,000 €.
Warranty flight delay or baggage
Cards “standards” do not usually compensate for the costs of basic necessities when your plane or your luggage is delayed. The Prime Visa offers 250 € from 4 hours of delay per trip. The Amex compensate you 150 € ( “Personal Card”) and 800 € (Platinum) for baggage delay, and between 100 € and 200 € for late planes. Insurance for the delay Mastercards cover the cost of 250 € (Gold) and 500 € (Platinum).
Stolen or damaged baggage
The standard cards do not compensate. Prime Visa card covers you up to 800 € per bag with a deductible of 70 €. The map “Platinum” Amex guaranteed personal effects in case of theft, loss or damage up to € 2,000 per trip. For Card Platinum MasterCard, the limit is 3200 € per year.
Liability
You are not covered with standard cards. Visa Prime Platinum MasterCard and you cover up to 1.525.000 € per event for all damage and injury caused to third parties. The Amex Platinum card covers you up to € 2,000,000 for property damage and injuries caused to others while traveling.
Remember that if there is an accident, 1.5 million € in some countries like the United States depart quickly between medical expenses, legal fees etc ….
The death or disability
The application of this guarantee is generally subject to the use of your card to buy your ticket. The accident causing death or disability must have occurred during the trip to be a trip “guaranteed” by the insurer (check out the conditions applying to each card). It may be a trip by public transportation or rental cars. MasterCard will pay up to € 95,000 (public transport) and 46,000 € (rental car). Visa Premier or Gold MasterCard pay for death or disability up to 310.000 € per family per event .. The Amex Gold Card and Platinum Mastercard cover respectively to 300.000 € and 620.000 € per family per occurrence.
Related posts:
- About Credit Card Insurance (Part 1)
- Reform of Credit Insurance
- About Driver Protection in Car Insurance
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