Top 5 Reasons Not to Use Credit Card Travel Insurance

According to Cardrates.com, "only about 15% of credit cards offer travel cancellation insurance."

Most trip cancellation or interruption protection offered by credit cards is limited to a handful of reasons such as illness, injury or death. The Generali Go plan covers around 20 different events that could cause travelers to cancel their travel plans, including involuntary job loss, school year extension, terrorism or jury duty.

Credit cards often don’t have the same level of coverage as travel insurance for medical expenses or emergency medical transportation while traveling—which can be costly if travelers don't have the right coverage. According to the Centers for Disease Control and Prevention, medical evacuations by air ambulance can cost $50,000-$100,000.

If travelers are concerned about coverage for pre-existing medical conditions, they shouldn’t count on their credit card. The Generali Go plan includes coverage for pre-existing conditions as long as certain requirements are met.

Many credit cards cap their benefit limits at lower amounts—especially for trip cancellation coverage.

It's also likely that only purchases made with the credit card will be eligible for coverage. If travelers pay for their trip another way, check or cash for example, then they would probably not be covered by the credit card. With the Generali Go plan, travelers can insure their full trip cost.

Credit cards are likely to only cover the cardholder, while the Generali Go plan allows for up to 10 people.