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Few credit cards can compete with the Chase Sapphire Reserve^® or Sapphire Reserve for Business℠ when you’re looking for a premium travel rewards credit card. There are also few, if any, travel rewards cards that offer a better selection of travel insurance benefits.
Travel insurance benefits and protections that come with your credit card can provide valuable assistance if your trip is disrupted, reimburse you for expenses if things go wrong during your journey, and much more.
It’s become increasingly more important to have a level of travel insurance for peace of mind and to make you whole after an unexpected event. While the travel insurance that comes on your credit card is not meant to take the place of a comprehensive travel insurance policy, it can provide sufficient coverage for most trips you make.
Today, we’ll dive deep into the assortment of travel insurance benefits that come with the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card.
We’ll also look at how the coverages work, glance at the process for filing a claim if something does go wrong, and in the end, give you all the other reasons we like the cards for frequent travelers.
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In addition to offering some of the best travel insurance benefits among credit cards, the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card offer strong earnings, redemption options, statement credits, and additional benefits.
A top player in the high-end premium travel credit card space that earns points on travel and dining while offering top luxury perks.
If you’re looking for an all-around excellent travel rewards card, the Chase Sapphire Reserve^® is one of the best options.
The card combines elite travel benefits and perks like worldwide airport lounge access, with excellent point earning and redemption options. Plus, it offers top-notch travel insurance protections to cover you at home or on the road.
Don’t forget the more than $2,000 in annual credits, which can offset the annual fee!
Chase Ultimate Rewards
The Chase Sapphire Reserve for Business card is perfect for frequent traveler business owners who want premium perks.
The Chase Sapphire Reserve Business card is a great pick for business owners who can easily make use of the annual credits for travel, Google Workspace, ZipRecruiter, and more. Plus, it offers helpful bonus categories such as ad spend and offers access to over 1,300 airport lounges — including Chase Sapphire Lounges.
With powerful earning and redemption options, statement credits for specific purchases, worldwide lounge access, and a long list of travel and shopping benefits/protections, the Chase Sapphire Reserve card or Chase Sapphire Reserve Business card can be worth the annual fee. 
Some travel insurance benefits and protections can save you money, others provide assistance during your travels, and yet others offer peace of mind.
Here is our breakdown of the travel insurance coverages that can be found on your Chase Sapphire Reserve card or Chase Sapphire Reserve Business card.
The auto rental insurance coverage on your Chase Sapphire Reserve card or Chase Sapphire Reserve Business card could save you hundreds of dollars on your car rental bill. Simply reserve and pay for your car rental with the card, decline the car rental agency’s collision damage waiver (CDW) or loss damage waiver (LDW) coverage, and receive primary car rental coverage for theft or damage to the rental car. With the Chase Sapphire Reserve Business card, the rental must be for business purposes to have primary coverage; otherwise, coverage is secondary.
Primary coverage means that you do not have to file a claim with another insurance company first.
Additional coverage includes loss of use charges and reasonable and customary towing charges.
You and authorized drivers listed on the rental agreement are covered.
Coverage limitations and conditions apply, including:
The Chase Sapphire Reserve card and Chase Sapphire Reserve Business card come with primary car rental insurance. If a car rental agency charges $20 per day for this coverage, you could save $140 on a 7-day rental by declining the rental car agency’s collision damage waiver or loss damage waiver coverage.
When you pay for your trip partially or in full with your Chase Sapphire Reserve card or Chase Sapphire Reserve Business card, with Ultimate Rewards points earned on your card, or a combination of both, you could receive a benefit if your trip has to be canceled or is disrupted for a covered reason.
Examples of covered events could include:
Examples of expenses reimbursed include:
The trip cancellation/interruption coverage that comes with the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card pays up to $10,000 per person, per trip, up to $20,000 per occurrence, and up to a maximum of $40,000 in a 12-month period.
Examples of losses that would not be covered could include:
The trip cancellation and trip interruption insurance that comes with a credit card, including the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card, does not cover voluntary trip cancellations. If you think you might have to cancel a trip, you should purchase Cancel for Any Reason Insurance, which provides coverage regardless of the reason for cancellation. 
Trip delays of more than 6 hours or an overnight stay trigger the trip delay reimbursement coverage on your Chase Sapphire Reserve card or Chase Sapphire Reserve Business card. You and your eligible family members could receive up to $500 for each purchased ticket, per trip, for unreimbursed expenses for incidentals, lodging, and meals.
If your checked or carry-on luggage is lost, stolen, or damaged, you could receive up to $3,000 per person, per trip. There is a sub-limit of $500 included in the $3,000 maximum for valuable items such as jewelry, watches, and specific electronics.
When your bags are delayed for more than 6 hours, you could receive up to $100 per day for 5 days for reimbursement of essentials such as clothing, toiletries, and a cell phone charger.
Make just a call if you have a roadside emergency and receive assistance with services such as flat tire replacement, emergency fuel, jump-start service, towing, lock-outs, and more.
The number of covered service calls each 12-month period is limited to 4, and the maximum coverage is $50 per service call. Any charges over that amount will be charged to the Chase Sapphire Reserve card or Chase Sapphire Reserve Business card.
Pay for at least a portion of your common carrier trip with your Chase Sapphire Reserve card or Chase Sapphire Reserve Business card. Then, if you or an immediate family member becomes injured or sick during your travels and needs emergency evacuation, the card could provide up to $100,000 in coverage.
Trips must be at least 5 days in length, not more than 60 days, and the traveler must be more than 100 miles from home.
This is not reimbursement coverage — you must call the benefits administrator at the time of the incident to initiate emergency transport.
It’s rare to find any medical or dental coverage provided on a credit card, but the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card offer this benefit for their cardholders and qualifying family members.
Here’s how the coverage works:
Travel Accident Insurance is a benefit seldom ever used, but it can provide peace of mind knowing that if a covered death or dismemberment occurred during your or your family’s common carrier trip, there could be a benefit provided.
The cards come with up to $1,000,000 in coverage.
Whether you need assistance planning your trip or need help during your travels, you’ll have access to a dedicated phone line 24/7. Receive assistance such as help securing emergency transportation, translation, medical, and legal referrals, help with lost passports, or emergency ticket replacement.
The cost of the actual services received is the responsibility of the cardholder.
The Chase Sapphire Reserve card and Chase Sapphire Reserve Business card come with one of the best collections of travel insurance benefits and protections available. To learn about additional credit cards that also offer travel insurance, check out our list of the best credit cards for travel insurance. 
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The best time to think about filing a travel insurance claim is before an event happens. Before setting off on your trip, it’s wise to take a few minutes to learn how you or your travel companions could receive assistance, should your trip be disrupted.
Reviewing the process of how to contact the claims administrator en route, should it become necessary, could save you money and frustration after the fact for not following the correct procedure for coverage to be valid.
Reviewing the claims process in advance also makes it easier to gather needed information at the time of disruption, such as photos or a statement from the travel provider, versus trying to secure the needed documentation once you’ve arrived home from a disrupted trip.
Here’s what you’ll need to know about filing a claim for Chase credit card travel insurance benefits and/or protections.
Each specific travel insurance coverage has stated time limits to report a claim, submit the completed and signed claim form, and for supplying all of the required documentation. Failing to do so could jeopardize the processing of your claim.
The best rule of thumb is to contact the claims administrator as soon as an event occurs. This action can also help you receive proper instructions on how to proceed to make sure your expenses will be covered.
You will be asked to submit documentation for your claim to be processed properly. Keep in mind that Chase is not processing your claim as the card issuer utilizes a third-party claims administrator.
You could be asked to provide any of the following information:
The claims process will be easier if you have saved receipts, kept travel provider cancellation/refund policy documentation, and have copies of your ticket information and itineraries. 
Our list of Chase Sapphire Reserve card and Chase Sapphire Reserve Business card travel insurance benefits is an overview only. We have also abbreviated the coverage descriptions. You will need to access the official Guide to Benefits for the card for terms, conditions, current coverage limits, and claim procedures.
Also, note that most travel insurance benefits that come with credit cards are normally secondary to other insurance you might have that would otherwise cover the loss. If you are compensated by an airline for lost luggage, for example, you would only have coverage via your credit card for any excess loss you incurred above the airline’s payment (up to the limits of coverage).
While we think the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card are excellent choices for a travel rewards card, here are a couple of equally appropriate alternatives for the frequent traveler.
The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.
If you're approved and accept this Card, your credit score may be impacted.
When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than the Platinum Card^® from American Express.
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
 
 
 
American Express Membership Rewards
 
Also packed with a generous collection of travel insurance benefits, the Amex Platinum card shines as a companion for the frequent traveler.
Its lounge access benefits are second to none, plus it offers hotel program elite status, rental car perks, and statement credits for specific purchases (some of these benefits require prior enrollment). It also earns valuable, and flexible, Membership Rewards points via generous bonus earnings on eligible travel.
A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.
The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.
Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
Chase Ultimate Rewards
If you’re looking for a travel rewards credit card but are reluctant to pay a high annual fee, or you won’t use all of the benefits offered on the Chase Sapphire Reserve card, you might want to consider the Chase Sapphire Preferred card.
The Chase Sapphire Preferred comes with many of the travel insurance benefits and protections offered by the Chase Sapphire Reserve card and it’s one of our favorite travel rewards cards.
The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.
The Capital One Venture X Rewards Credit Card is the premium Capital One travel rewards card on the block.
Points and miles fans will be surprised to see that the Capital One Venture X card packs quite the punch when it comes to bookings made through Capital One, all while offering the lowest annual fee among premium credit cards.
Depending on your travel goals and preferences, the Capital One Venture X card could very well end up being your go-to card in your wallet.
 
Capital One Miles
 
Another premium travel rewards card on the block is the Capital One Venture X card. We like that the card comes with an annual $300 credit for travel purchased via Capital One Travel.
The card’s annual fee is also lower than most premium travel rewards cards but you’ll still find travel insurance, worldwide lounge access, Global Entry or TSA PreCheck fee reimbursement, stellar earnings on travel, cell phone protection, and a respectable 2x miles on all other purchases.
This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!
The Amex Business Platinum Card is a premium travel rewards card tailored for business owners who are frequent travelers with high annual expenses.
When you factor in the large number of perks that the card offers, like the best airport lounge access at over 1,550 lounges and numerous annual credits, it’s easy to see why this card is a top option for frequent traveling business owners.
American Express Membership Rewards
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A fantastic choice for business owners who value premium benefits is the Amex Business Platinum card. It provides access to the American Express Global Lounge Collection, with complimentary visits to more than 1,550 airport lounges worldwide, up to $600 in hotel credits each year, complimentary Hilton Honors Gold, Marriott Bonvoy Gold Elite, and Leaders Club Sterling status (upon enrollment), and much, much more.
While the high annual fees may be off-putting, the Chase Sapphire Reserve card and Chase Sapphire Reserve Business card are packed with plenty of benefits to justify the expense — if you’ll utilize the majority of those benefits.
Our focus today was on travel insurance benefits that, alone, could save you money, provide compensation, and/or reimburse you if your trip is disrupted. But there is additional value in all the other benefits offered on the cards, such as Priority Pass membership and statement credits. If you can utilize the benefits, the cards can be worth it.

All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. For more information, see our Medical & Legal Disclaimers.

All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. For more information, see our Medical & Legal Disclaimers.
The Chase Sapphire Reserve card and Chase Sapphire Reserve Business card have one of the best travel insurance packages available.
You’ll find a collection of travel insurance coverages that include primary car rental insurance, trip cancellation/interruption, lost and delayed baggage coverage, emergency evacuation and medical, roadside assistance, and more.
If you will utilize the benefits offered on the Chase Sapphire Reserve card or Chase Sapphire Reserve Business card, the card is definitely worth it.
In fact, for example, we’ve estimated that the Chase Sapphire Reserve card offers benefits that could be valued at nearly $3,500.
The Chase Sapphire Reserve card does offer primary car rental insurance.
Primary car rental insurance does not require that you file a claim with your own car insurance company insurance first. If a covered event occurs, you will have coverage on your Chase Sapphire Reserve card.
You must pay for the entire rental with your Chase Sapphire Reserve card and decline the rental car agency’s collision damage waiver coverage for coverage to be valid.
Yes, you can hold more than one Sapphire credit card, but there are still eligibility requirements.
Both the Chase Sapphire Preferred card and Chase Sapphire Reserve card offer benefits for the frequent traveler.
The better card for you will depend on your spending mix, your preferred redemption options, your tolerance for paying an annual fee, and the level of travel benefits/protections you will use on the card.
To assist you further, we’ve put together a detailed article comparing the 2 cards. Access our article on the Chase Sapphire Reserve card vs. the Chase Sapphire Preferred card.
Yes, the Chase Sapphire Reserve Business card provides primary car rental insurance when the rental is for business purposes. If the card is used for a personal rental, the coverage is secondary.
For rates and fees of the Platinum Card^® from American Express, click here. 
For rates and fees of The Business Platinum Card^® from American Express, click here.
For Capital One products listed on this page, some of the above benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
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Christine ran her own business developing and managing insurance and financial services offices. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.
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