Half of Travelers Ignore Free Travel Insurance
The survey conducted by CompareCards.com shows that 47% of Americans fail to take advantage of free travel insurance offered by their credit cards. Many credit cards offer free travel insurance simply for purchasing your trips on their cards.
The 53% of travelers who do take advantage of these free travel insurance options are often richly rewarded.
Key survey findings were:
Travelers may already be insured for some of these travel issues through a credit card they carry in their wallet. Yet, nearly half of Americans (47%) fail to take advantage of valuable benefits that come with their credit cards.
The average size of claims totaled just over $1,500.