Insurance benefits from credit cards are nowadays immense. Credit cards now provide diversified offers and benefits to attract customers. Among various benefits, insurance benefits are most attractive in some aspects. In this blog, we will discuss the insurance benefits that one can get from owning a credit card.
Insurance over price protection coverage
The price protection coverage insurance is one of the most common insurance coverage provided by credit cards. Under this insurance coverage, you can get protection against a price decrease.
In business sometimes product prices might fall severely for that reason but businessmen do insurance to minimize their loss.
Insurance for purchase protection coverage
If the item you bought using your credit card is destroyed, missing, or stolen within two to three months of delivery, you will leverage this advantage.
Depending on your credit card, you may be refunded up to the full amount you paid for the item.
Insurance coverage protection for return purchase
Whether you have ever had trouble returning an item that you bought, you might have had the ability to make use of a return security advantage. If retailers are allowed to deny your return for any reason, your credit card may offer a refund instead.
That value is typically available for two or three months after the order.
Insurance coverage for car rental
We all know that the damage to a rental car is so expensive. So without the insurance, it is not safe to take a rental car. If anyone rented a car by using a credit card then he/she can avail insurance benefits if any damages happen to that rented car. So it is a unique feature provided by a credit card.
Insurance for trip or travel cancellation
Whether you’ve ever had to cut a trip short or postpone it entirely due to sickness, injury or death, your travel credit card might help you reclaim some of the non-refundable travel expenses you’ve accrued. Many cards do provide this protection, whether the cancelation or delay is due to adverse weather conditions.