Costco Visa Travel Insurance – Your Ultimate Guide

Traveling can be an exciting experience for anyone, but it also comes with some risk. Consequently, purchasing travel insurance can offer you peace of mind in case an accident or unexpected situation occurs during your trip. However, with so many travel insurance policies and providers available, it can be challenging to decide which one is the best for you.

Thankfully, the Costco Visa travel insurance provides Costco members with great benefits and coverage for their travels at an affordable price. In this article, we will explain everything you need to know about the Costco Visa travel insurance, including its benefits, coverage options, costs, and frequently asked questions.

What is the Costco Visa Travel Insurance?

The Costco Visa travel insurance is a travel insurance policy offered to all Costco members who have a Costco Anywhere Visa Card. The insurance covers many aspects of traveling, such as trip cancellations, flight delays, medical emergencies, and baggage delays and loss. The policy is underwritten by AIG Travel Guard and is only available to US residents.

Benefits of the Costco Visa Travel Insurance

As a Costco member with the Costco Visa card, you have access to many great benefits with the Costco Visa travel insurance, including:

Benefits
Details
Trip Cancellation and Interruption Coverage
This coverage reimburses you for the non-refundable expenses you paid for the trip in case you have to cancel or interrupt it due to unforeseen circumstances such as illness, injury, or death.
Emergency Medical and Dental Coverage
This coverage pays for emergency medical services such as hospitalization, ambulance transportation, and emergency dental services during your trip.
Baggage Delay Coverage
This coverage reimburses you for the purchase of necessary items such as clothes and toiletries if your baggage is delayed for more than six hours.
Lost or Stolen Baggage Coverage
This covers the loss or theft of your luggage and its contents during your trip.
Car Rental Collision Coverage
This provides secondary coverage for damages to your rental car due to collisions and theft.

Costs of the Costco Visa Travel Insurance

The Costco Visa travel insurance is a complementary perk of the Costco Anywhere Visa Card, so you don’t need to pay extra charges to activate it. However, as a cardholder, you must pay an annual fee of $60 for the membership of Costco, and the card earns 3% cashback on travel and dining expenses.

Coverage Options of the Costco Visa Travel Insurance

The Costco Visa travel insurance provides three coverage options to select based on your travel needs:

Domestic Coverage

The domestic coverage option includes trips within the United States and its territories, including Puerto Rico and the US Virgin Islands.

International Coverage

The international coverage option applies to all trips outside the United States, including international cruises.

Worldwide Coverage

The worldwide coverage option covers trips anywhere in the world, including the United States and its territories.

FAQ

1. Is the Costco Visa travel insurance comprehensive?

Yes, the Costco Visa travel insurance is a comprehensive travel insurance policy that covers many aspects of traveling, such as medical emergencies, trip cancellations, and baggage loss, among others.

2. Do I need to purchase separate travel insurance if I have the Costco Visa card?

No, the Costco Visa travel insurance is a complementary perk for all Costco members who have a Costco Anywhere Visa Card. However, if you want extra coverage or have specific travel needs, you may consider purchasing additional travel insurance.

3. How do I file a claim with the Costco Visa travel insurance?

You can file a claim with the Costco Visa travel insurance by contacting AIG Travel Guard at 1-877-244-9824 or visiting their website.

4. Can I cancel my trip and receive a refund with the Costco Visa travel insurance?

Yes, the Costco Visa travel insurance covers trip cancellations due to unforeseen circumstances, such as illness or death. You can file a claim for reimbursement of non-refundable expenses you paid for your trip.

5. Does the Costco Visa travel insurance cover pre-existing medical conditions?

No, the Costco Visa travel insurance does not provide coverage for pre-existing medical conditions.

Conclusion

Traveling can be unpredictable, and accidents can happen anytime, anywhere. Purchasing travel insurance can offer you peace of mind in case something unexpected occurs during your trip. The Costco Visa travel insurance is an affordable and comprehensive travel insurance policy that covers many aspects of traveling, such as medical emergencies, trip cancellations, and baggage loss. As a Costco member with the Costco Anywhere Visa Card, you can access these benefits without paying extra charges.