Getting Insurance with Credit Card (Part 2)

July 25, 2009 by  
Filed under Credit Card

Today, we’re going to continue our discussion from Part 1, about how to get insurance protection with our credit card.

Conditions of application
As mentioned previously, the guarantees offered by credit cards apply in general from the possession thereof but subject to certain conditions. There are two types of guarantees, assistance and insurance. The first applies when the purchase of credit card, in case of illness or injury, death, legal action abroad and help the onward journey. The second applies when you set your travel services and other purchases related to it with your credit card, incidents of travel (delay planes, trains, luggage) and accidents Travel (death, disability). This can vary from one card to another.

Amount of medical expenses paid

The ceilings offered by credit cards are insignificant compared to medical expenses that may be incurred in certain foreign countries like the USA, so it is strongly advised to take out additional insurance. Your medical expenses will be reimbursed up to a ceiling of 11,000 € for Visa and Mastercard in addition with a deductible of € 50 for one and € 75 for the other. Prime Visa has a higher ceiling (155,000 €) with a deductible of 50 €. The Amex has a maximum refund of € 9200. For example, with a deductible of 50 €, so consulting a doctor will cost 60 €, you will be reimbursed between 0 and 10 € with your credit card.

Welfare assistance

Generally, the guarantees offered by different credit cards cover virtually the same benefits:
• The management of travel expenses and hotel for a family member in case of hospitalization of the insured more than 10 days (Visa Premier “125 € / day for 10 days up to 375 € Over “Platinum MasterCard” 250 € / day for 10 days to 750 € above). NAMELY: with supplemental health insurance, there are no ceilings.
• Repatriation and assistance to their home or place of hospitalization of children under 15 years.
• The early return in case of hospitalization over 24 hours or death of a loved one (support for return ticket).
• The shipment of drugs.
• Repatriation of body in case of death during the stay.
• Legal assistance abroad.

Travel cancellation insurance

The cancellation of travel is generally not offered with the cards ‘standards’. Prime Visa offers this guarantee capped at € 5,000 with a rebate of € 200 per insured person if cancellation is made 30 days before departure. The cancellation fees are paid by the Amex Gold and Platinum in the amount of 4500 € to 10.000 € per insured per year. The “Platinum MasterCard” reimburse up to a ceiling of 10,000 €.

Warranty flight delay or baggage

Cards “standards” do not usually compensate for the costs of basic necessities when your plane or your luggage is delayed. The Prime Visa offers 250 € from 4 hours of delay per trip. The Amex compensate you 150 € ( “Personal Card”) and 800 € (Platinum) for baggage delay, and between 100 € and 200 € for late planes. Insurance for the delay Mastercards cover the cost of 250 € (Gold) and 500 € (Platinum).

Stolen or damaged baggage

The standard cards do not compensate. Prime Visa card covers you up to 800 € per bag with a deductible of 70 €. The map “Platinum” Amex guaranteed personal effects in case of theft, loss or damage up to € 2,000 per trip. For Card Platinum MasterCard, the limit is 3200 € per year.

Liability

You are not covered with standard cards. Visa Prime Platinum MasterCard and you cover up to 1.525.000 € per event for all damage and injury caused to third parties. The Amex Platinum card covers you up to € 2,000,000 for property damage and injuries caused to others while traveling.
Remember that if there is an accident, 1.5 million € in some countries like the United States depart quickly between medical expenses, legal fees etc ….

The death or disability

The application of this guarantee is generally subject to the use of your card to buy your ticket. The accident causing death or disability must have occurred during the trip to be a trip “guaranteed” by the insurer (check out the conditions applying to each card). It can be a journey by public transport or hire cars. MasterCard will pay up to € 95,000 (public transport) and 46,000 € (rental car). Visa Premier or Gold MasterCard pay for death or disability up to 310.000 € per family per event .. The Amex Gold Card and Platinum Mastercard cover respectively to 300.000 € and 620.000 € per family per occurrence.

Specific guarantees

To receive these benefits, you must agree in general with supplementary insurance.

Getting Insurance with Credit Card (Part 1)

July 4, 2009 by  
Filed under Credit Card, Insurances

Insurance with your credit card (Visa, Mastercard, American Express) are more like contracts to help you attend to incidents, for a short time without providing health insurance coverage and very important in any case if you stay more than 3 consecutive months in the United States.

If you want to be well covered, we recommend you use them in conjunction with a specific insurance. Without going into too much detail, we will outline the services offered.

The main services via your credit card

Warning: This analysis is not exhaustive and has no legal value. Moreover, certain safeguards have been updated by the banking institutions but not yet integrated in our presentation. We recommend you always contact your bank for details of your cover.

Persons insured

It is usually the cardholder, spouse or partner, dependent children for tax under the age of 25 years and ascending and descending. A note on Visa cards that the spouse and dependent children are covered even if not accompanied by the cardholder. As for the MasterCard “standard” including the family of the owner must accompany order to receive the benefit.

Territorial Extent of coverage

For Visa “standards” and “first”, you will be covered worldwide, without excess mileage for your business or private stay in your country of residence (if you are a resident French: metropolitan France including Corsica, Monaco, Andorra, DOM TOM and COM) or outside your country of residence for the security assistance. Regarding the insurance guarantee, it applies to more than 100 km from home or place of work. For cards Mastercard and American Express, assistance does not require franchise mileage, except for the “Gold Amex with which you are covered until 50 Km to you for the assistance of your vehicle, the medical assistance and repatriation expenses, and 100 km from your home in the world to guarantee the rental vehicle.

Length of Coverage

Guarantees of credit card take effect on the date of purchase (under certain conditions) on these cards throughout the duration of them until termination or automatic renewal by the licensee in the country of residence. When traveling abroad, secured assistance apply the first 90 days of stay. This condition can vary from one card to another depending on the type of coverage (insurance or assistance) if the stay is to last longer for specific reasons (death, disability due to an accident during the stay) for the “Visa First, the insurance guarantees apply the first 180 days of stay. Caution: If your stay exceeds 3 months your credit card “standard” will not cover you.

The Importance of Having Insurances in United States

January 4, 2009 by  
Filed under Financial Tips, Insurances

Your mutual complementary not reimburse you your health spending in the U.S..

Once you arrive on U.S. territory, either for sightseeing or to settle permanently, your mutual complementary will not charge unless you have a specific contract stating that coverage, which is extremely rare.

Medical costs are among the highest in the world.

Health care costs are not commensurate with what we have in Europe. If you have an accident or if you fall ill, you will suffer the financial consequences for a very long time if your whole life.
Consultations with U.S. in a GP starting from $ 70 to over $ 300. Consultation with a specialist were much higher. The drugs are much more expensive and a simple blood test can easily cost you $ 150.

The medical process quickly becomes very expensive.

In the U.S., if you get sick with the flu, which is not what is worse … your first visit to the doctor usually will cost a minimum of $ 150 (following consultations are often less expensive but remain around $ 100), he will prescribe antibiotics for example to be much more expensive and not reimbursed by the U.S. Social Security.

The American social system is very different from the European model and particularly the French social security. Remember that Social Security is not an American health insurance in the sense we understand it in France with Social Security.

No American doctor or hospital, unless you’re at the point of death, would agree to treat you if you can not provide credit card or a care insurance.

Before you administer any medical care in the United States, you will be asked to prove that you are “insolvent” (show care insurance, your credit card … etc..). If you need to be hospitalized, it can cost you dearly and if you do not have insurance, you will suffer the consequences sometimes your whole life … So choose an insurance policy that is committed to provide a support in promptly and have relays in the United States or a platform of contact available 24/24 and 7 / 7.

Your credit card do not offer health insurance adapted to American medical costs.

Insurance with your credit card (Visa, Mastercard, American Express) are more like contracts to help you attend to incidents, for a short period without offering you a real health insurance and no way if you stay more than 3 consecutive months in the United States.
Generally, insurance coverage (mainly insurance against accidental death or disability) shall apply only if you purchased your ticket with the card. Regarding the reimbursement of medical expenses, insurance limits credit card are very low and insignificant compared to the high cost of medical expenses in the U.S. or if the maximum reimbursement is higher (eg Visa Premier), you to pay a franchise high for all care generated.

Do not mess with health.

According to the adage “prevention is better than cure”, take all measures to prevent seed health or it will cost expensive especially in the United States.

Mutual Health Insurances

December 29, 2008 by  
Filed under Insurances

Mutual Insurance, as its name indicates, is an information site on insurance and mutual. Posted 4 years ago, this site was originally specialized insurance and suggested more topics on this subject. He also highlighted the difference between insurance and mutual presented the insurance companies the most interesting and best-known mutual. But what about its development after years of existence? We’ll see as insurance mutual has indeed taken a big step.

First, the theme of the mutual health is much more development. In fact, more pages were added on this topic to allow users to know more what the difference between insurance and mutual. One example is the definition of mutual health, an explanation on the quote mutual and an overview on mutual tariff. Want to know how to choose a mutual? A page is devoted to this subject to help you find the right mutual.
After consulting with items of information, mutual insurance then invites you to see the different health insurance companies and mutual partners. These companies offer complementary health guarantees and are addressed to both individuals, professionals and businesses. Just visit the page devoted to these companies to see and select the offers that interest you.

Finally, to facilitate your choices and help you find a guarantee to meet your health profile, Mutual Insurance offers the possibility of a mutual health quote free online. As it has become difficult for users to choose a security that best meets their needs, the site has made available a quote form to facilitate their task. So please visit Mutual Insurance and select the appropriate complementary health.