Leisure travel represents a significant investment for consumers in terms of both time and money, so it’s no surprise that folks are interested in protecting their precious resources. But given that travel insurance packages typically cost 4% to 8% of the price of a trip, most of us seem content rolling the dice.
Unfortunately, while illness and natural disasters interfere with the travel plans of 1 in 6 Americans, according to the U.S. Travel Insurance Association, only 22% of those affected have travel insurance. The good news is that the solution might already be in your wallet. The travel-related benefits provided by credit cards extend well beyond points and miles, you see, and two of the most significant, yet under-acknowledged perks are auto rental insurance and general travel insurance.