BMO Air Miles World Elite Travel Insurance

Charlotte Sinclair
by Charlotte Sinclair September 25, 2016 / No Comments

The BMO Air Miles World Elite MasterCard is an excellent travel credit card because it gives you the best of both worlds. Not only will you collect miles for one of the most popular rewards programs, you’ll also get World Elite benefits including MasterCard travel insurance.

We’ve summarized the insurance benefits offered by the BMO Air Miles World Elite travel insurance in the following table:

Travel accident $500,000
Car rental insurance $65,000
Trip cancellation $2,500 per person | $5,000 per trip
Trip interruption and delay $2,000 per person
Flight delay $500 per trip (6+ hour delay)
Travel medical emergency $2 million | 15 days (under age 65)
Lost baggage $750 per person | $2,000 per trip
Delayed baggage $200 per person (12+ hour delay)
Hotel/motel burglary N/A

Here’s a quick look at what this particular travel insurance offers:

Travel accident insurance

If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier (for example, a cruise ship, train, or airplane), you’re eligible for this coverage.

Example: If you find yourself in a train accident that results in loss of sight, you can receive compensation for your injury.

Coverage: You’re covered up to $500,000. Coverage applies to the cardholder, their spouse, and any dependent children.

Car rental insurance

If your rental vehicle is damaged or stolen while rented out in your name, you’re covered up to the vehicle’s actual cash value plus valid loss of use charges. This insurance also includes coverage against the theft of, or damage to, your personal effects, as well as any loss resulting from an accidental bodily injury sustained while in the rental car.

Example: Someone smashes the window of your rental car window while it’s parked on the street overnight.

Coverage: You can receive up to $65,000 in coverage.

Trip cancellation

If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance.

Example: You’re about to go on a ski trip but your spouse/partner breaks both of their legs two days before the trip.

Coverage: You’re eligible to receive up to $2,500 per person and $5,000 per trip.

Trip interruption and delay

If your trip has to be cut short or is delayed after the scheduled departure date, you’ll be covered up to a maximum amount if the cause of interruption or delay is eligible for the insurance.

Example: You’re backpacking and planning to travel to several destinations. Since departing, the Canadian government has issued a travel advisory after a hurricane hit one of the areas you plan on visiting. This requires you to cancel part of the trip.

Coverage: You can receive up to $2,000 per person.

Flight delay

If your departing flight is delayed by a certain number of hours, you’ll be reimbursed up to a certain amount for necessary and reasonable expenses incurred during the delay.

Example: You’re on your way home from a weekend vacation and your flight is delayed for 12 hours, requiring you to purchase a meal and stay in a hotel overnight.

Coverage: You can expect that you’ll be eligible for up to $500 in coverage for any delay beyond six hours.

Travel medical emergency

In the event that you require urgent medical care while on a trip outside of your home province, you’ll be covered for any eligible medical expenses incurred.

Example: You travel to Peru for a hiking vacation. However, you become injured and require immediate medical attention.

Coverage: You’re protected for up to $2 million for 15 days. You must be under age 65 to receive coverage.

Lost baggage

In the event that your checked baggage cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property.

Example: In order to save money, you choose several connecting flights on your way to Europe. However, one of the airlines loses track of your baggage and you need to essential items to replace the ones that were lost.

Coverage: You may receive up to $750 per person and up to $2,000 per trip.

Delayed baggage

If your checked baggage is not delivered within a specified time frame from the time of your arrival at your destination, you’ll be reimbursed for the cost to replace essential items.

Example: You arrive in New York for an important business meeting. However, the airline informs you that your luggage is delayed and should arrive in a few days. You then have to buy clothing and toiletries to look presentable for your meeting.

Coverage: You’ll receive up to $200 per person for any delay greater than 12 hours.

The last word

This is a brief overview of BMO Air Miles World Elite MasterCard travel insurance. Prior to relying on your credit card insurance, review your policy in detail so you know what coverage you can expect.

As you can see, there’s an added benefit of having credit card travel insurance. If the coverage listed above appears to be what you need, you should consider applying for the BMO Air Miles World Elite MasterCard.

BMO Air Miles World Elite MasterCard


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  • $120 annual fee
  • Earn one mile for every $10 you spend
  • For a limited time, get 1,000 bonus Air Miles after your first purchase
  • VIP airport lounge access includes Priority Pass membership and two complimentary passes per year (valued at US$153)
  • Exclusive 25% flight discount

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