Anyone know if there are any issues having travel insurance with multiple companies.
Have free insurance through my credit card, and looking to also purchasing some externally - my logic being that in the case of claim, one partner may be easier to deal with, and/or there may be some areas where a specific claim is covered through one vendor and not the other.
Yes - often an insurer will not cover you for claims where some other insurance covers you.
Having two insurers both denying the claim because the other also covers it would be… annoying :-)
Not sure how that is resolved. Maybe the first contract in place get the risk, and the second one gets a free premium (with hindsight)?
Had this happen on my wife's trip to Hawaii. Baggage got lost and she had to make a claim. She was insured both by our Platinum credit card as well as SCTI. I dug through the T&C and found that she was unable to claim against both, but the presence of a second insurer in our case didn't affect the claim, so long as I only claimed with one.
But as with all these things, YMMV and check the fine print before you commit.
Yes, quite a common question. Sometimes the CC insurance can be a lesser offering so plenty do get additional cover. All seems OK, but as others said obviously you only can claim on one policy. Some are saying you actually DO claim on both policies, but let them know you are doing that. Then they work out which will pay out. Not sure I would trust that, in case one policy had a lesser payout and that's the one they settle the claim with.
You probably already know this, but for the CC insurance to kick in, you do have to purchase something on the card for the trip to activate it. So flights or accommodation or whatever.
Thanks all - will double check the fine print
I just used Amex travel insurance. If you have any pre existing conditions, then purchase extra cover only for that. I used 1 cover last time for the pre existing conditions and paid around $300. If I was going through southern cross, then it would have been $700-$800 for the whole cover.
Check your policy but usually there's a clause to ask if you are covered by other policies (or something along this line)
I think you can only claim one event to either, not both