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Capital One travel accident insurance: Which cards have it?

Almost every Capital One card offered in Canada comes with this benefit.

It’s important to take precautions for unforeseen circumstances or events that may happen while traveling. Fortunately, almost all Capital One cards offered in Canada come with travel accident insurance that can give you some peace of mind.

What is travel accident insurance?

This is coverage against death and other bodily losses while traveling with a licensed common carrier. If you charged your entire fare to your Capital One card, you, your spouse and dependent children are insured against accidental loss of life or dismemberment.

What does “common carrier” mean?

Definitions vary, but a common carrier is often any public form of transportation that requires a ticket — for example, an airplane, bus, train or cruise ship.

Who gets to use travel accident insurance?

Typically, Capital One travel accident insurance automatically applies to:

  • You
  • Your spouse or domestic partner
  • Your dependent children

Covered losses for Capital One travel accident insurance

  • Life
  • Limb
  • Sight
  • Speech
  • Hearing

How much coverage will I receive for travel accidents?

As of the time of writing, Capital One offers up to $250,000 of travel accident insurance on their eligible cards.

The following are the coverage amounts for all Capital One cards offered in Canada. These values may vary based at Capital One’s discretion.

CardAmount of coverage
Capital One Aspire Travel Platinum Mastercard$250,000
Capital One Aspire Cash Platinum Mastercard$250,000
CIBC Costco Mastercard$250,000
Capital One Low Rate Guaranteed Mastercard$250,000
Capital One Guaranteed Mastercard$250,000
Capital One Guaranteed Secured MastercardNone

Pro tip

If you charge the entire cost of your travel fare to your Capital One card, you may also receive coverage for transportation immediately before, during and after your departure and arrival.
This might include transportation by:

  • Taxi
  • Bus
  • Train
  • Airport limousine
  • Courtesy transportation

How do I get a Capital One credit card with travel accident insurance?

You can apply for Capital One credit cards on the provider’s website. Before applying, verify on the card page that travel accident insurance in included. You may also want to check the card’s guide to benefits, if available, to verify coverage amounts.

Capital One travel accident insurance

How can I use travel accident insurance from Capital One?

The most important thing to remember is to pay for your travel with your Capital One card. For example, if you’re taking a flight, put the entire fare on your card. You won’t be covered if you use a different payment method, even if you’re a Capital One member.

In the event of a loss, you or your beneficiary should contact the claim administrator for a claim form. Contact information is available in your card’s guide to benefits.

You or your beneficiary will then complete the claim form. If the claim administrator deems the loss eligible, it will distribute the benefit to you or your beneficiary.

What is a beneficiary?

A beneficiary is the person or entity of your choice who will receive an insurance benefit in the event of your death.
A benefit is a payment made under an insurance policy.

Bottom line

Travel accident insurance can give you extra peace of mind on your trip. To qualify for it, pay for your entire fare with your Capital One credit card.

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