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The Best Insurance for Your Summer Road Trip

Illustration for article titled The Best Insurance for Your Summer Road Trip

Image: Tanasan Sungkaew (Shutterstock)

As the coronavirus (COVID-19) pandemic stretches on, many Americans have changed their travel plans. Suddenly this summer, driving has become a popular option—85% of U.S. travelers say they are likely to take a road trip, according to a recent Expedia poll. While opting for the car means you may not need insurance for flight cancellations, a Money report covers some other policies to consider. 

If someone breaks into your car, hotel room or Airbnb, your stolen property may be protected through your renter’s or homeowner’s insurance policy. You should check your deductible before taking off, though—it could be higher than the value of your belongings.

Before making a claim, consider how it may impact your policy—including a possible increase in insurance premiums. The future premium increase could offset what you’re able to collect from the claim.

If you prefer another option to protect your belongings and are interested in other coverages, you can buy a stand-alone travel insurance policy. Companies like RoamRight or Berkshire Hathaway Travel Protection offer policies specifically for road trips.

In addition to theft, these plans may offer coverage for things like trip cancellation, travel interruptions and medical emergencies—like getting sick with the coronavirus. You should always ask for the specifics upfront to prepare for a worst-case scenario.

Your credit card may also offer coverage for theft, trip cancellation or trip interruption. AmEx offers 90-day purchase protection through most of their cards. The same benefit may come with your Visa Signature card. Mastercard’s World and World Elite cards may offer up to 180-day protection. But before relying on your card’s policy, make note of any restrictions and limits.

If there is a last-minute trip cancellation or interruption, see if your credit card offers any protection. Some premium credit cards offer reimbursements for both of these types of events under certain circumstances.

As new coronavirus hotspots emerge, it’s critical to protect yourself by following the Center for Disease Control and Prevention guidelines. No matter where you decide to travel, you should continue washing your hands, maintaining social distancing practices and wearing a mask.

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