The Reserve Card provides insurance up to $10,000 per covered trip up to a maximum limit of $20,000 per occurrence. The maximum benefit is $40,000 per 12 month period.
This means that if a family of four is traveling and loses $6000 per person, the maximum benefit would be $20,000 for the occurance. Even though each person lost $6000, the total cap is $20,000 for the group. If 2 family members were traveling and they lost $9,000 each due to cancellation then the insurance would cover it.
The below list of what is covered and not covered is not an exhaustive list
Accidental bodily injury, loss of life, or sickness experienced by the Cardholder, a traveling companion, or an immediate family member of the Cardholder or traveling companion
Severe weather that prevents the start or continuation a covered trip
Terrorist action or hijacking
Jury duty or a court subpoena that cannot be postponed or waived
Financial insolvency of the Cardholder’s travel agency, tour operator, or travel supplier
What’s Not Covered
Travel arrangements canceled or changed by a common carrier, tour operator, or any travel agency unless the cancellation is the result of severe weather or an organized strike affecting public transportation
Change in plans or financial circumstances
A pre-existing condition
Traveling against the advice of a physician
A declared or undeclared war
Trips that exceed 60 days in duration are not covered
Trip Delay Insurance
The insurance kicks in and provides reimbursement for expenses such as meals and hotels if your carrier including airline, bus, train, or even cruise ship is delayed.
The delay must be more than 6 hours.
Coverage is supplemental to any other applicable insurance. For example, other travel insurance purchased through a travel agent or a hotel voucher provided by the airline.
You must be outside of your city of residence. If your outbound flight is delayed you can’t use for a hotel room instead of driving home for the night.
You must have purchased the ticket with your Chase Sapphire Reserve
Editors Note: The Chase Sapphire Reserve Card earns 3 times the ultimate rewards points for all travel. This the second highest bonus for airfare of any card. Note that Amex Platinum Cards both personal and business provide 5x on airfare purchases however with the $550 annual fee for the Amex Platinum and $450 annual fee for the business platinum I think the 3x ultimate rewards points you receive for the sapphire reserve gives you the best overall value.
How to File a Travel Insurance Claim with Chase
A few months ago I personally used this benefit when a snowstorm canceled my flight home from Toronto to New York. It is important to remember that airlines are not responsible for providing a hotel during weather related delays or cancelations.
During the delay I had to pay for the following
One Night at the Sheraton Toronto Airport
Where To Go To Start The Claim
My first step was to log in at chase.com and search the benefits section. I also searched the ultimate rewards portal and had a hard time finding any information.
Next, I actually called the Chase credit card customer service line, 1-800-436-7970, to ask how to file the claim. The representative was very helpful and directed me to the proper website.
The remainder of the process was pretty straightforward. I included my expenses for hotel, taxi, and meals and then uploaded reciepts.
One catch is that since I was in Canada my receipts were in Canadian Dollars not US. Dollars. I had to log into my chase account and select each charge and print as PDF to document the exact charge after currency conversion.
It took a few weeks of back and forth as every time I would submit and updated receipt it would take a few days for a claims representative to email me back.
After a few weeks I finally got the result I was waiting for. My claim was approved. I received an email that stated that my check would be mailed within 7-10 days.
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