Travel insurance offered with credit cards 'should be checked thoroughly'

Friday 30 September 2011

Article by Mozo

People planning to take a break overseas in the coming months may be thinking about using travel insurance provided by their credit card company, but consumers have been urged to check policies before they go away.

Travel insurance provided by credit card firms 'should be checked carefully'

Jane Drew, a spokesperson for American Express, told the Sydney Morning Herald that travellers should read the terms and conditions carefully.

She noted that some policies are given automatically, for example with a platinum American Express card.

"With others, travel expenses need to be purchased using the card for the insurance to be activated," she stated.

Consequently, those planning to purchase travel insurance may want to consider going online to compare credit cards carefully before making a decision.

This comes after the Final Report of Compliance by Verizon suggested that greater levels of security are needed regarding credit card details.

Among the areas of concern were the protection of stored data and the maintenance of appropriate security policies.

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