Credit Card Travel Insurance Unwrapped: Burglary Insurance

Posted on November 4, 2021 by Alex S

Credit Card Travel Insurance Unwrapped: Burglary Insurance

hotel-burglary.jpg This is the next publication in our credit card travel insurance series for travel advisors. These articles provide in-depth perspectives on travel insurance elements that are included on credit cards and informs travel advisors about the most important aspects of the coverage.

Burglary insurance is one of the less important travel insurance components, but if and when it comes into play, it can significantly help you in an unpleasant situation.

What is burglary insurance?

Hotel burglary insurance provides coverage for the repair or replacement of personal property that is lost, stolen or damaged due to the burglary of your travel accommodation. The burglary must be a result of wrongful entry, indicated by visible signs of force. In most cases, you are eligible for the coverage when you charge 75% -100% of the total cost of the hotel/motel room to your account.

What aspects of burglary insurance are the most important?

Travel professionals should know:

  1. Maximum amount (coverage): The maximum benefit payable per occurrence varies from $500 to $2,500 for all insured persons combined, depending on the credit card.

What are common exclusions related to burglary insurance?

Hotel burglary insurance usually does not cover the following items: cash, travellers cheques, securities, credit cards or any other negotiable instruments, tickets and documents.

Also, this insurance does not cover such extraordinary situations as:

  • War, terrorism, etc. – You voluntarily and knowingly exposing yourself to risk from: an act of war whether declared or undeclared, rebellion, revolution, terrorism, any service in the armed forces, riot or civil disorder.
  • Sanctions – Your travel to a sanctioned country for any business or activity to the extent that such travel would violate any applicable national economic or trade sanction law or regulations.
  • Failure to Secure Accommodation – Your failure to make a reasonable effort to protect your personal property or to secure your travel accommodations, etc

The information above does not include the full review of your benefits or exclusions. You or your travel advisor should review your credit card for full details.

Which credit cards offer trip burglary insurance?

Most banks have at least a few credit cards that include this coverage. Typically, it can be found in the higher categories of cards that come with an annual fee.

Here is a list of bank credit cards offering this coverage. More information about travel insurance coverage on nearly every major credit card can be found through our tool at TravelandCards.com

Bank Select Individual Credit Cards
logo-BMO

BMO Eclipse Visa Infinite Privilege Card | see card reviews

logo-CIBC

CIBC Aeroplan Visa Infinite Card | see card reviews

CIBC Aeroplan Visa Infinite Privilege Card | see card reviews

CIBC Aventura Visa infinite Card | see card reviews

CIBC Aventura Visa Infinite Privilege Card | see card reviews

CIBC Aventura Gold VISA Card | see card reviews

logo-RBC

RBC VISA Infinite Avion | see card reviews

RBC Avion Visa Infinite Privilege | see card reviews

RBC Avion Visa Infinite Privilege for Private Banking | see card reviews

RBC Rewards VISA Preferred | see card reviews

RBC VISA Platinum Avion | see card reviews

RBC WestJet World Elite Mastercard | see card reviews

RBC British Airways VISA Infinite | see card reviews

RBC Cathay Pacific VISA Platinum | see card reviews

RBC WestJet Mastercard

logo-Scotia

Scotiabank Passport Visa Infinite Card | see card reviews

Scotiabank Gold American Express Card | see card reviews

Scotiabank American Express Platinum Card | see card reviews

ScotiaGold Passport Visa Card

logo-TD

TD Aeroplan VISA Infinite Card | see card reviews

TD Aeroplan Visa Infinite Privilege Card | see card reviews

TD Aeroplan Visa Platinum Card | see card reviews

logo-AMEX

American Express Gold Rewards Card | see card reviews

American Express Platinum Card | see card reviews

American Express Aeroplan Reserve Card | see card reviews

American Express Aeroplan Card | see card reviews

American Express AIR MILES Reserve Credit Card| see card reviews

American Express Cobalt Card | see card reviews

Marriott Bonvoy American Express Card | see card reviews

SimplyCash Preferred Card from American Express | see card reviews

Please note that this information reflects individual, not business, credit cards on offer as of fall 2021.

What if a credit card does not offer burglary insurance?

Though it is not essential to have this coverage, it will be considered going the extra mile if you are able to inform a traveler that one of their cards offers this protection, thus contributing to your tailored services.

Travel advisors can use our TravelAndCards tool to find out if their clients have burglary coverage on their credit card. This benefits both sides – travelers are well protected and have peace of mind, and travel advisors can differentiate their service by providing valuable advice.

Contact us if you are interested in equipping your travel agency and your travel professionals with this unique tool.

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