Is Amex TravelAssure A Bad Deal?
I received this travel insurance promotion from American Express:
Protect your travel plans for a more relaxing vacation….$28.95 per covered person per covered trip.
The maximum benefits offered:
- Cancel due to illness: $500 in non-refundable expenses.
- Airline baggage loss: $1,500.
- Stolen articles: $1,500.
- Flight overbooked: $250 a day for two days for expenses.
- Accidental death or dismemberment: $250,000.
What’s wrong with this offer:
1. There is no information on the terms and conditions of the insurance, no website listed, and on searching americanexpress.com, I found nothing for TravelAssure.
2. The coverages listed are inadequate, incomplete and scattered, as trip insurance goes. If you looked at our recent multi-part series on travel insurance, you know that there are many kinds of coverage you should consider before making your selection. Most of these appear to be missing from the TravelAssure policy.
3. The money spent on this insurance would in most all circumstances be better spent towards more appropriate and comprehensive coverage.
3. Unfortunately, purchasing TravelAssure might falsely give someone comfort via the impression of having travel insurance.
Suggestion:
Do your homework on travel insurance, don’t waste your money, and don’t rely on any big names including American Express or your airline, when shopping for coverage.
