TD Enhances Credit Card Travel Insurance Coverage For Cardholders

TD is enhancing the travel insurance coverage of its premium travel cards effective March 30, 2016. Improvements will be applicable to both existing and new cardholders on the TD Aeroplan Visa Infinite, TD First Class Travel Visa Infinite and the TD Aeroplan Infinite Privilege card.

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At no additional cost to cardholders, enhancements will be seen on travel medical, trip cancellation and trip interruption insurance.

The improvements will make the TD Aeroplan Visa Infinite and TD First Class Infinite Visa cards some of the best credit card insurance programs on the market. Specifically, the cards will now match some of the stronger insurance cards on the market and exceed those of popular travel cards like the RBC Avion Visa Infinite, WestJet World Elite, and CIBC Aventura cards.

Travel MedicalCurrent CoverageNew Coverage Travel Medical Insurance Coverage Period (for TD Aeroplan Visa Infinite Card only)15 days for Primary Cardholders, along with any insured Persons under 65 years of ageThe coverage period is increasing from 15 days to 21 days for Primary Cardholders, along with any Insured Persons under 65 years of age Dependent ChildrenDependent Children travelling alone are not coveredThe Primary Cardholder’s Dependent Children will be eligible to be insured, whether or not the Primary Cardholder travels with them on the Covered Trip Baggage ReturnNo baggage return coverage is provided in the event of a medical emergencyAn Insured Person will be covered up to $500 for baggage return to their province or territory of residence because of a Medical Emergency during a Covered Trip Pre-Existing Condition Period for Travel Medical InsuranceThe Pre-Existing Condition Period under the current Certificate is: – 180 days for Insured Persons who are 74 years of age or younger – 365 days for insured Persons who are 75 years of age or older – 365 days for insured Persons who are 75 years of age or older There is a change to the Pre-Existing Condition Period for trips beginning on and after March 30, 2016: – For insured Persons under 65 years of age, this period is the 90 days immediately before the beginning of the Coverage Period – For insured Persons under 65 years of age, this period is the 90 days immediately before the beginning of the Coverage Period – For Insured Persons 65 years of age or older, this period is the 180 days immediately before the beginning of the Coverage Period Trip Cancellation / Trip InterruptionCurrent Coverage New Coverage Trip Cancellation Insurance Maximum Benefit (for TD Aeroplan Visa Infinite card only)$1,000 per Insured Person per Covered Trip; $5,000 total per Covered Trip for all insured Persons on the same Covered Trip. The maximum benefit for Trip Cancellation Insurance is increasing from $1,000 to $1,500 per Insured Person, to a maximum of $5,000 per Covered Trip for all Insured Persons on the same Covered Trip. Trip Cancellation due to a Travelling Companion$1,000 per Insured Person per Covered Trip; $5,000 total per Covered Trip for all insured Persons on the same Covered Trip. You’ll benefit from the Trip Cancellation coverage when a Travelling Companion can’t travel for a Covered Cause. Pre-Existing Condition Period for Trip Cancellation / Trip Interruption InsuranceThe Pre-Existing Condition Period under the current Certificate is: – 180 days for Insured Persons who are 74 years of age or younger – 180 days for Insured Persons who are 74 years of age or younger – 365 days for insured Persons who are 75 years of age or olderThere is a change to the Pre-Existing Condition Period for trips beginning on and after March 30, 2016: – For insured Persons under 65 years of age, this period is the 90 days immediately before the beginning of the Coverage Period – For Insured Persons 65 years of age or older, this period is the 180 days immediately before the beginning of the Coverage Period

From our perspective, the 3 most impactful changes are:

  • Extending travel medical coverage from 15 days to 21 consecutive days. This means that you can have an unlimited number of trips per year and be covered for each one for 21 consecutive days. Both RBC and CIBC Infinite products are still stuck at 15 days. 21 days aligns the TD Aeroplan infinite card with the BMO World Elite, Scotia Gold (25 days) and its own TD First Class Infinite card at the high end of the market, among the core travel cards.
  • Covering dependents for travel medical insurance even when they are not travelling with the primary cardholder. This means your children can be travelling out of province or country, and even if the trip is not booked through the card, and they’re travelling with you, they’ll still be covered. Some like the RBC Avion Visa Infinite, require dependents to travel with the primary cardholder to be eligible for coverage.
  • Shortening of Pre-Existing Condition wait period for travel medical, trip cancellation & trip interruption for people under 65 years old. Instead of having to wait 6 months after you’ve had a medical condition, event or change of medication, you now only have to 3 months before you’ll be covered again.

With travel insurance that no longer compromises and superb welcome bonus offers, TD’s roster of Aeroplan Infinite, First Class Infinite and Aeroplan Privilege cards make for great short and long term values.

No doubt, with a regular rotation of first year annual fee rebates, welcome bonus flights to anywhere in North America, and robust travel insurance coverage, these are some of the best credit cards in Canada.

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