Credit Card Insurance: What Coverage Does My Card Offer?

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Did you know most Canadians use credit cards daily but don’t fully understand the big benefits that come with credit card insurance? Beyond delaying payments and avoiding debit card risks, credit cards offer valuable protections.

The coverage includes credit card travel insurance, purchase protection, and extended warranties. This article helps you understand these credit card insurance options in Canada, so you can maximize your benefits.

"But what does my credit card cover?" If you're wondering, use our free tool above to get all the protections and insurance coverage offered by your credit card. You get instant results in seconds.

Credit Card Insurance: Key Takeaways

  1. Coverage offered by your credit card depends on the premium level of your card.
  2. To make a claim, you must use your credit card to pay for or book items and experiences.
  3. Credit card travel insurance can cover trip cancellations, lost luggage, medical emergencies.
  4. Premium cards can cover up to $5,000,000 for medical emergencies during travel.
  5. Some cards offer credit card travel insurance coverage at no extra cost.
  6. Credit Card Purchase Protection protects you against theft or damage of newly bought items
  7. Extended Warranty adds an extra year or more to your manufacturer's warranty.
  8. Car Rental Insurance covers collision and theft for rental vehicles paid with your card.

What does Credit Card Insurance cover?

Credit card insurance can cover a variety of protections and benefits. Credit card travel insurance can cover trip cancellations, lost luggage and the cost of medical emergencies while you are travelling and abroad. Purchase protection is a form of credit card insurance that protects the stuff you bought with your card from theft or damage. An extended warranty is another form of credit card coverage that simply extends the warranty issued by a manufacturer.

Credit card users have to remember that there is no one-size-fits-all when it comes to credit card insurance. Benefits vary between the financial institution issuing the card, the credit card premium level and how the card is used.

Insurance benefits in Standard and Premium credit cards in Canada

Type of CoverageStandard Credit CardPremium Credit Card
Trip Cancellation Insurance
Up to $1,500 per person (e.g., Desjardins Visa Gold)Up to $5,000 per person (e.g., RBC Avion Visa Infinite Privilege)
Repatriation Assistance
Up to $100,000 (e.g., TD Visa Classic)Up to $1 million (e.g., Desjardins Odyssey World Elite Mastercard)
Baggage Loss Insurance
Up to $500 per person (e.g., CIBC Classic Mastercard)Up to $2,000 per person (e.g., BMO World Elite Mastercard)
Flight Delay Insurance
Up to $300 after 4 hours (e.g., RBC Visa Classic)Up to $1,000 after 2 hours (e.g., TD Aeroplan Visa Infinite Privilege)
Baggage Delay Insurance
Up to $200 after 6 hours (e.g., Desjardins Visa Classic)Up to $750 after 3 hours (e.g., CIBC Aventura Visa Infinite Privilege)
Travel Medical Insurance (Emergency medical insurance)
Up to $1 million (e.g., TD Visa Classic)Up to $5 million (e.g., Desjardins Odyssey World Elite Mastercard)
Car Rental Insurance
(Rental Car Collision/Loss Damage Waiver)
Full vehicle value (e.g., BMO Classic Mastercard)Full vehicle value and low deductibles (e.g., RBC Avion Visa Infinite Privilege)
Travel Accident Insurance
Up to $100,000 (e.g., BMO Classic Mastercard)Up to $1 million (e.g., American Express Platinum)
Purchase Protection
Up to $1,000 per incident (e.g., Desjardins Visa Classic)Up to $5,000 per incident (e.g., BMO World Elite Mastercard)
Extended Warranty
Doubles manufacturer's warranty up to 1 year (e.g., TD Visa Classic)Doubles manufacturer's warranty up to 2 years (e.g., RBC Avion Visa Infinite Privilege)
Credit Card Insurance coverage for Standard and Premium Cards in Canada

Always review your card’s details to find your protection and see if better credit card insurance is available. Explore the comparison tool, HelloCard, at the top of the page, which quickly and accurately summarizes the benefits of the best credit cards in Canada. 

How does Credit Card Travel Insurance work?

Credit card travel insurance can act as a cheap, or free, replacement for travel insurance. Depending on the level of coverage afforded by your card, you may have coverage for:

  • Medical emergencies: Your credit card may cover medical expenses and hospital bills if you suffer from an acute medical emergency. 
  • Lost luggage: If an airline or other travel provider loses, misplaces or damages your luggage you may be able to claim on your credit card travel insurance for the reimbursement or replacement of the items lost.
  • Delays: Significant travel delays can cause havoc to the most thought-out travel plans. Credit card trip delay insurance will cover any unexpected expenses that you may face due to delays such as new bus tickets, hotel costs or even a fixed reimbursement amount.

Remember, details vary by card, so check your credit card's guide to see what you're covered for or do a quick comparison using the tool at the top of this page.

Trip cancellation insurance

Credit card travel insurance is a saving grace if you face trip cancellations due to unforeseen illnesses to yourself or close relatives, or when bad weather ruins your plans. Usually, in these instances, your credit card can act as a financial safety net by reimbursing you any prepaid non-refundable expenses including flights, hotel bookings and car rental. For extensive coverage, the trip or travel cancellation insurance can also be purchased individually from insurance providers. However, most credit cards offer this protection usually at no additional cost.

Alternatively, if you want to explore travel insurance plans from Canada's top providers, you can do that right here too. Use our comparator below to compare the best travel insurance policies instantly and get personalized quotes for free.

Compare the best travel insurance plans on the market!

Get a quote

Credit Card Insurance: Coverage by Card Type

Depending on the type of credit card you use, the insurance coverage provided can vary significantly. Here are the details:

Standard Credit Cards

Type of CoverageAmount CoveredDetailsExamples of Banks and Cards
Trip Cancellation Insurance
Up to $1,500 per personFor non-refundable expenses due to unexpected cancellationsBMO Classic Mastercard
Travel Assistance
Up to $100,000Medical assistance and repatriationTD Visa Classic
Flight Delay Insurance
Up to $300After a 4-hour delayRBC Visa Classic
Baggage Delay Insurance
Up to $200After a 6-hour delayCIBC Classic Mastercard
Baggage Theft/Loss Insurance
Up to $500 per personFor baggage theft or lossScotiabank Visa Classic
Travel Accident Insurance
Up to $100,000In case of accidental death or dismembermentBMO Classic Mastercard
Travel Medical Insurance
Up to $1 millionFor emergency medical expenses abroadTD Visa Classic
Rental Car Insurance
(Rental Car Collision/Loss Damage Waiver)
Full vehicle valueCovers collision and theftRBC Visa Classic
Standard Credit Card Insurance coverage

Premium Credit Cards

Type of CoverageAmount CoveredDetailsExamples of Banks and Cards
Trip Cancellation Insurance
Up to $2,500 per personFor non-refundable expenses due to unexpected cancellationsBMO World Elite Mastercard
Travel Assistance
Up to $500,000Medical assistance and repatriationTD First Class Travel Visa Infinite
Flight Delay Insurance
Up to $600After a 2-hour delayRBC Avion Visa Infinite
Baggage Delay Insurance
Up to $500After a 4-hour delayCIBC Aventura Visa Infinite
Baggage Theft/Loss Insurance
Up to $1,000 per personFor baggage theft or lossScotiabank Gold American Express
Travel Accident Insurance
Up to $500,000In case of accidental death or dismembermentBMO World Elite Mastercard
Travel Medical Insurance
Up to $2 millionFor emergency medical expenses abroadTD First Class Travel Visa Infinite
Rental Car Insurance
(Rental Car Collision/Loss Damage Insurance)
Full vehicle valueCovers collision and theft, with lower deductiblesRBC Avion Visa Infinite
Premium Credit Card Insurance coverage

Platinum Credit Cards

Type of CoverageAmount CoveredDetailsExamples of Banks and Cards
Trip Cancellation Insurance
Up to $5,000 per personFor non-refundable expenses due to unexpected cancellationsAmerican Express Platinum
Travel Assistance
Up to $1 millionMedical assistance and repatriationCIBC Aventura Visa Infinite Privilege
Flight Delay Insurance
Up to $1,000After a 2-hour delayRBC Avion Visa Infinite Privilege
Baggage Delay Insurance
Up to $750After a 3-hour delayTD Aeroplan Visa Infinite Privilege
Baggage Theft/Loss Insurance
Up to $2,000 per personFor baggage theft or lossScotiabank Passport Visa Infinite
Travel Accident Insurance
Up to $1 millionIn case of accidental death or dismembermentAmerican Express Platinum
Travel Medical Insurance
Up to $5 millionFor emergency medical expenses abroadCIBC Aventura Visa Infinite Privilege
Car Rental Insurance
(Rental Car Collision/Loss Damage Insurance)
Full vehicle valueCovers collision and theft, with very low deductiblesRBC Avion Visa Infinite Privilege
Platinum Credit Card Insurance coverage

Infinite Credit Cards

Type of CoverageAmount CoveredDetailsExamples of Banks and Cards
Trip Cancellation Insurance
Up to $10,000 per personFor non-refundable expenses due to unexpected cancellationsAmerican Express Centurion
Travel Assistance
Up to $2 millionMedical assistance and repatriationRBC Avion Visa Infinite Privilege
Flight Delay Insurance
Up to $1,500After a 1-hour delayTD Aeroplan Visa Infinite Privilege
Baggage Delay Insurance
Up to $1,000After a 2-hour delayScotiabank Passport Visa Infinite
Baggage Theft/Loss Insurance
Up to $3,000 per personFor baggage theft or lossAmerican Express Centurion
Travel Accident Insurance
Up to $2 millionIn case of accidental death or dismembermentRBC Avion Visa Infinite Privilege
Travel Medical Insurance
Up to $10 millionFor emergency medical expenses abroadTD Aeroplan Visa Infinite Privilege
Car Rental Insurance
(Rental Car Collision/Loss Damage Insurance)
Full vehicle valueCovers collision and theft, with no deductiblesScotiabank Passport Visa Infinite
Infinite Credit Card Insurance coverage

What is the best credit card for travel insurance?

Here is a table summarizing the best Canadian credit cards for travel insurance in 2024.

Credit CardAnnual FeeKey Travel Insurance Coverage (per insured person)Key Features
TD Visa Infinite Privilege Aeroplan
$599
  • Up to $5 million in emergency medical
  • Trip cancellation up to $2,500
  • Trip interruption up to $5,000
  • Hotel/Motel Burglary Insurance up to $2,500
  • Lost Baggage Insurance up to $2,500
  • Extensive travel insurance
  • Air Canada perks
  • Priority services
  • Maple Leaf Lounge access
National Bank World Elite Mastercard
$150
  • Up to $5 million in emergency medical (60 days)
  • Trip cancellation up to $2,500
  • Trip interruption up to $5,000
  • Lost Baggage Insurance up to $1,000
  • Longer coverage for seniors
  • $150 annual travel fee **Reimbursements
  • Unlimited lounge access
BMO Ascend World Elite Mastercard
$150
  • Up to $5 million in emergency medical (21 days)
  • Trip cancellation up to $2,500
  • Trip interruption up to $2,000
  • Lost baggage up to $2,500
  • 4 free lounge passes
  • $500 baggage delay
  • Rental car coverage
  • Extensive travel insurance
  • Annual fee waived for the first year (as of July 23, 2024)
Scotiabank Passport Visa Infinite
$150
  • Up to $1 million in emergency medical (25 days for under 65)
  • Trip cancellation up to $1,500
  • Lost baggage up to $1,000
  • No foreign transaction fees
  • 6 lounge passes
  • Extensive travel insurance
BMO AIR MILES World Elite Mastercard
$120 (waived first year)
  • Trip cancellation up to $2,500
  • Trip interruption up to $2,000
  • Travel accident insurance up to $500,000
  • Lost baggage up to $1,000
  • Comprehensive travel insurance
  • VIP lounge access
  • Additional personal effects insurance
Best travel insurance credit card

If your card does not appear in the list above, you could use our free tool at the top to explore all the coverage included in your credit card. You can also compare coverage with other cards should you choose to opt for a new credit card.

What is the best credit card for travel insurance for seniors over 65?

Here is a table summarizing the best Canadian credit cards for travel insurance for seniors over 65.

Credit CardAnnual FeeTravel Insurance CoverageKey Features
National Bank World Elite Mastercard
$150Up to $5 million emergency medical for up to 15 days for ages 65-75$150 annual travel fee reimbursements, airport lounge access, trip cancellations up to $2,500
Scotiabank Passport Visa Infinite
$150Up to $1 million emergency medical for 10 days for ages 65+No foreign transaction fees, 6 airport lounge passes, trip cancellation, lost baggage coverage
Desjardins Odyssey World Elite
$130Up to $5 million emergency medical for 15 days for ages 65-75Intergenerational insurance, no need to book travel with the card, 8 lounge passes
Meridian Visa Infinite Travel Rewards
$99Up to $5 million emergency medical for 15 days for ages 65-75Mobile device insurance, first year free, coverage without needing to book travel on the card
TD Aeroplan Visa Infinite Privilege
$599Up to $5 million emergency medical for up to 21 days, no specific mention for seniorsComprehensive travel insurance, Air Canada perks, priority services, Maple Leaf Lounge access
best credit card for travel insurance over 65

Do Credit Cards Offer Free Travel Insurance?

Yes, some credit cards in Canada offer travel insurance at no additional cost. These are typically premium cards, such as:

  • CIBC Aventura Visa Card
  • Rogers World Elite Mastercard
  • BMO AIR MILES Mastercard
  • Scotiabank Momentum Visa (no annual fee)
  • RBC ION Visa Card
  • CIBC Dividend Visa Card
  • Tangerine Money-Back Credit Card
  • Neo Credit Card

Does my credit card insurance cover car rental?

Yes, many credit cards offer car rental insurance (Rental Car Collision/Loss Damage Insurance), which can save you money by covering collision and theft, replacing the need for additional insurance from rental companies.

Coverage Amounts: Typically, credit card car rental insurance covers the full value of the rental vehicle for collision and theft. Premium cards like the RBC Avion Visa Infinite Privilege can provide comprehensive coverage, often including low deductibles and additional perks. For example, the BMO Ascend World Elite Mastercard offers coverage up to $200,000 for rental car accidents.

Credit Card Insurance: Purchase Protection Insurance

Credit card purchase protection insurance covers newly bought items if they are stolen or damaged shortly after purchase. This coverage can provide repair, replacement, or reimbursement for the item.

Coverage Amounts: Typically, this insurance covers items for 90 to 120 days from the purchase date. Coverage amounts up to $1,000 per item and annual limits can reach $50,000. For instance, some credit cards, like the BMO World Elite Mastercard, offer coverage for 90 days up to $1,000 per item.

Credit Card Insurance: Extended Warranty

Credit card extended warranty insurance extends the original manufacturer's warranty on items purchased with your card, offering additional protection if the item fails after the manufacturer’s warranty ends. This can save you from unexpected repair or replacement costs.

Coverage Amounts: Typically, extended warranty insurance can double the original warranty, up to an additional one or two years. Coverage amounts are usually capped at around $10,000 per item. For instance, the RBC Avion Visa Infinite Privilege card offers extended warranty coverage that doubles the manufacturer's warranty for up to an additional two years.

Credit Card Insurance Comparison: Which Card Is The Best?

Here are the best credit card insurance options in Canada in the table below. They are based on the following metrics:

  • The scope of benefits provided
  • The coverage limits afforded to each benefit
  • The security of the credit card issuer
Credit CardKey Coverage Details (per insured person)
RBC Avion Visa Infinite Privilege
RBC credit card travel insurance:
  • Trip cancellation: up to $2,500
  • Trip interruption: actual costs
  • Baggage loss: up to $3,000
  • Car rental insurance: actual costs
  • Extended Warranty: up to $50,000
TD Aeroplan Visa Infinite Privilege
TD credit card travel Insurance:
  • Emergency Medical: up to $5 million
  • Trip cancellation: up to $2,500
  • Trip interruption: up to $5,000
  • Baggage loss: up to $2,500
  • Car rental insurance: actual costs
CIBC Aventura Visa Infinite Privilege
CIBC credit card travel insurance:
  • Trip cancellation: up to $10,000
  • Trip interruption: up to $25,000
  • Baggage loss: up to $2,500
  • Car rental insurance: Actual costs
American Express Platinum
American Express Platinum Card Insurance:
  • Emergency Medical (out of province): actual costs
  • Trip cancellation: up to $5,000
  • Trip interruption: Actual costs
  • Baggage loss: up to $1,000
  • Car rental insurance: Actual costs
Scotiabank Passport Visa Infinite
Scotiabank Credit Card Travel Insurance:
  • Emergency Medical (out of province): actual costs
  • Trip cancellation: up to $10,000
  • Trip interruption: up to $10,000
  • Baggage loss: up to $1,000
  • Car rental insurance: Actual costs
BMO Ascend World Elite Mastercard
BMO World Elite Credit Card Insurance:
  • Emergency Medical (out of province): up to $5 million
  • Trip cancellation: up to $5,000
  • Trip interruption: up to $10,000
  • Baggage loss: up to $1,000
  • Car rental insurance: up to $65,000
TD First Class Travel Visa Infinite
TD credit card travel insurance:
  • Emergency Medical (out of province): up to $5 million
  • Trip cancellation: up to $5,000
  • Trip interruption: up to $25,000
  • Baggage loss: actual costs
  • TD credit card car rental insurance: Actual costs
RBC Avion Visa Infinite
RBC Avion credit card travel insurance:
  • Emergency Medical (out of province): up to $10,000
  • Trip cancellation: actual costs
  • Trip interruption: actual costs
  • Baggage loss: up to $2,500
  • Car rental insurance: actual costs
Scotiabank Gold American Express
Scotiabank credit card travel insurance:
  • Emergency Medical (out of province): up to $1 million
  • Trip cancellation: up to $10,000
  • Trip interruption: up to $10,000
  • Baggage loss: up to $1,000
  • Rental car insurance: Actual costs
CIBC Aventura Visa Infinite
CIBC Credit Card Insurance:
  • *Emergency Medical (out of province): up to $5 million
  • CIBC credit card trip cancellation insurance: up to $5,000
  • Trip interruption: up to $2,000
  • Baggage loss: up to $1,000
BMO Mastercard World Elite Business
BMO credit card travel insurance:
  • *Emergency Medical (out of province): up to $5 million
  • Trip cancellation: up to $5,000
  • Trip interruption: up to $10,000
  • Baggage loss: up to $1,000
  • Car rental insurance: Actual costs
TD Visa Infinite Privilege Travel
TD credit card travel Insurance:
  • Emergency Medical: Actual costs
  • Trip cancellation: up to $5,000
  • Trip interruption: up to $25,000
  • Baggage loss: up to $1,000
  • Car rental insurance: up to $200,000
Best Credit Card Insurance Canada

Changing credit cards and your banking situation is a big decision: especially if the change is made simply to receive better credit card travel insurance. We highly recommend that you compare your credit card against others using our tool to determine if any switch is worth it.

Remember, the best card is the one that aligns with your needs and budget.

How to use your Credit Card Insurance?

To activate and use your Canadian credit card insurance, you should:

  1. Verify Your Credit Card Coverage: Before travelling, ensure your trip is covered by your card's insurance.
  2. Keep Payment Proofs: Retain copies of receipts and statements showing travel expenses were paid with your credit card.
  3. Contact the Insurer in Case of a Claim: In the event of a problem during your trip (cancellation, medical emergency, lost baggage, etc.), contact the insurer immediately using the contact details in your card's benefits guide.
  4. Follow Instructions: The insurer will guide you through the necessary steps, including required documents and claim forms.
  5. Submit a Claim: File your claim with all required documents within the specified timeframe (usually 30 to 90 days following the incident).

How do I know if I am insured by my credit card?

Generally, you will be insured by your credit card insurance if you use that specific card when paying for goods, services, or travel arrangements covered by the policy.

However, any actual coverage and the limitations of coverage will be determined by your credit card. You must speak to a sales representative at the bank where you obtained your credit card or review the terms and conditions when you signed up for your credit card.

These documents will include all the legal aspects of coverage, and maximum limits, identify where deductibles or co-payments are applicable, as well as provide contact details for support and claims.

Canadian residents are also able to quickly compare and review the extent of their credit card coverage by using HelloSafe’s tool at the top of this page.

Is my family covered by my credit card insurance?

Yes, credit card insurance, specifically credit card travel insurance, does usually extend to also cover a spouse or civil partner and dependents when away on holiday. All terms and conditions that apply to the primary cardholder will also limit the coverage of additional family members.

However, you must review the coverage of your specific card as it may differ from the norm. Additionally, where coverage limits apply, they may not be sufficient to cover the travels of a full family. Therefore you must ideally have comprehensive travel insurance for larger trips.

You can explore the best travel insurance plans in the market right here using our free tool below. Get instant results and personalized quotes in seconds.

Compare the best travel insurance plans on the market!

Get a quote

Where am I covered with my credit card insurance?

The geographical coverage of your credit card insurance will be limited to the specific type of protection and the card itself. 

Normally, credit card travel insurance will extend coverage globally as long as the destination of choice is not subject to economic sanctions. Coverage will not be available when travelling to a country that is in a state of civil war, political instability or suffering from natural disasters. Credit card holders should therefore ensure to check their government’s travel advice and recommendations.

If in doubt, use the comparison tool at the top of this page to select your bank and card to get a full breakdown of your credit card insurance geographical coverage.

How long does my credit card insurance cover last?

Credit card car rental insurance coverage can last up to 48 consecutive days, while credit card travel insurance may last anywhere from 10 to 90 days.

Credit card insurance coverage will typically kick in as soon as you subscribe for your credit card and last as long as your subscription is valid. However, eligibility requirements will still dictate the benefits that you can receive and claim against during that time.

For example, if you purchase an appliance using one credit card and receive an extended warranty, you will likely not be able to transfer that extended warranty to a new credit card subscription. Eligibility, in this case, would be based on buying the appliance with the first credit card and coverage would end when that card is cancelled.

Similarly, the length of coverage will depend on the insurance itself. Make sure to check the specifics of your coverage in the terms and conditions that came with your contract.

Expert advice

Nearly all credit card insurance has an eligibility clause stating that “The account must be in good standing”. This usually means that your credit card privileges can not have expired or been suspended/revoked and that the credit card holder is in full compliance with all the cardholder agreement provisions.

How to claim credit card insurance?

While the process of making a claim on your credit card will vary depending on the coverage and provider, cardholders must usually follow the below general guidelines:

  1. Identify your insurance provider: Your credit card insurance may be provided by the bank, but more likely the insurance will be underwritten by one insurer and administered through another. For example, BMO Eclipse Visa Infinite card insurance is underwritten by CUMIS General Insurance Company and administered by Allianz Global Assistance.
  2. Contact the administration company: Your credit card insurance terms and conditions will always include the contact details of the insurance administration company or agents. Additionally, your credit card provider may have an operations centre that will forward your call to the right insurance claim department. Contact either of these to start the claim process.
  3. Gather all required documents: Submitting a claim will require you to provide documents from proof of identity to credit card statements, an incident report from the police or a doctor, and invoices for unexpected costs. Your claim may be delayed if you fail to submit all these documents to the insurer for review!

What does my credit card insurance not cover?

While each credit card has its specific restraints when it comes to deductibles, maximum limits and/or waiting periods, we can still review the common general exclusions affecting most credit cards.

Your credit card insurance will likely not provide coverage in the event of the following:

  • Failure of notification: Failing to notify your insurer of a medical emergency or claim within the required period, often as little as 24 hours, may render it ineligible.
  • When pre-authorization is not sought: Medical coverage won’t be extended if pre-authorization has not been requested for treatment or approved by the card’s operations centre.
  • Pre-existing conditions: Emergency medical coverage rarely includes treatment for pre-existing conditions that the cardholder may have previously suffered from and/or is currently under treatment for.
  • Sports and high-risk activities: Medical emergencies from hazardous sports or risky activities.
  • Pregnancy: Complications of pregnancy are not normally covered when they occur within a certain period before the due date, nor are deliveries at any time.
  • Intoxicants, war or involving illegal acts: No coverage for claims associated with intoxication.
  • Maximum trip coverage: Credit card travel insurance will only cover trips up to certain lengths: From 15 to 90 days or more.
  • Excluded vehicles: Credit card car rental insurance policies often exclude certain vehicles such as motorcycles, vans, camper vans, trailers, trucks, and sports cars.
  • Maximum rental periods: Car rental insurance is limited to a maximum length of rental which is often 48 consecutive days, although this varies.
  • Lifetime maximum and length of coverage: Credit card purchase protection insurance comes with a lifetime limit as well as a maximum length of coverage per item purchased.
  • Pre-used or modified: Purchase protection and mobile device insurance will normally not cover any pre-used goods or items that have been modified from their original specs.

Do I need additional insurance?

You might have to purchase additional insurance if the benefits afforded by your credit card coverage fail to meet your needs.

Similarly, you might not need credit card purchase protection if you rarely purchase expensive items, or your mobile phones and laptops are covered by your home insurance.

As previously mentioned, the limits of your credit card insurance will be the deciding factor as to whether or not you need additional insurance. So knowing exactly what your coverage consists of is paramount. You can use our free HelloCard tool to instantly find out all the coverage included in your credit card.

Learn more about the insurance benefits offered by your credit card

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Nishadh Mohammed
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Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.