Travel Accident Insurance: You’re Covered With These Cards

Charlotte Sinclair
by Charlotte Sinclair June 16, 2016 / No Comments

Many credit cards offer a wide range of travel insurance. Some even include travel accident insurance. This type of insurance covers you in the event that you suffer from loss of life, limb, speech, sight or hearing while travelling. You’re eligible to receive coverage for accidents that occur while you’re occupying a “common carrier” (for example, a plane, train, or bus), at the airport, terminal, or at the station at either the beginning or the end of your trip.

Travel accident insurance often extends to the cardholder, their spouse, and any dependent children travelling with them. However, there are some situations where the insurance provider will deny your claim. Make sure you look over your credit card travel insurance plan and have a thorough understanding of your coverage prior to relying solely on your credit card insurance. Also, many providers require you to pay for the trip using your card in order for you to receive coverage.

Here are two cards with excellent travel accident insurance coverage:

Scotiabank Gold American Express Insurance

Scotiabank Gold American Express Card


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  • Coverage up to $1 million for any one occurrence
  • Covers the cardholder, spouse, and dependent children

The Scotiabank Gold American Express card provides up to $1 million for any one occurrence. You’re covered for accidental loss of life, hands, feet, sight, speech, and hearing, as well as total and permanent disability. The amount you receive is dependent on the person who the claim is made on, in addition to the type of loss claimed. However, there are many situations that are excluded from coverage. Most notably, such situations would include those that involve intentional self-inflicted injury, and illnesses or diseases.

BMO World Elite MasterCard Insurance

BMO World Elite MasterCard


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  • Coverage up to $500,000
  • Covers the cardholder, spouse, and dependent children
  • Loss must occur within one year of accident

The BMO World Elite MasterCard offers up to $500,000 in coverage. Full benefit amounts are payable for the accidental loss of life, full eyesight, speech and hearing, or any combination of those. You can receive half the benefit amount should you lose sight in one eye, speech, hearing, or one family member. Some situations that aren’t included in this MasterCard travel insurance are intentional self-inflicted injury, emotional trauma, and mental or physical illness.

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