Capital One Venture Travel Insurance: A Comprehensive Guide

The Capital One Venture Rewards Credit Card consistently ranks as a top travel rewards credit card, and for good reason. Its ascent in popularity is largely due to the valuable Capital One Miles transfer partnerships with numerous airlines and hotels. Historically, rewards from the Capital One Venture card were limited to fixed-value redemptions like statement credits. Now, cardholders can unlock significant value through strategic miles transfers. Beyond its rewarding structure and appealing benefits, the card also includes travel insurance, a crucial perk for peace of mind while traveling.

The Capital One Venture card provides robust travel insurance benefits, especially considering its annual fee. In this guide, we will thoroughly examine the travel insurance coverages offered by the Capital One Venture card, helping you understand how it protects you on your journeys.

Let’s explore the travel insurance benefits!

Understanding the Capital One Venture Card

Before diving into the specifics of travel insurance, it’s important to understand the core features of the Capital One Venture card. Travel insurance is just one part of a broader suite of benefits that make this card attractive to travelers.

Image: Front view of a Capital One Venture Rewards Credit Card showcasing its design and branding.

Terms Apply / Rates & FeesCapital One Venture Rewards Credit Card

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Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Capital One Venture Rewards Credit Card

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

75,000 miles

$1,350

$95

19.99% – 29.24% (Variable)

Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent Credit (670-850)

Why We Like This Card
The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

Pros & Cons
Pros

5x miles per $1 on hotels, vacation rentals, and rental cars booked through Capital One Travel
2x miles per $1 on all other purchases
Up to a $120 Global Entry or TSA PreCheck application fee credit

Cons

$95 annual fee (rates & fees)
Limited elite benefits

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Card Highlights

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Earn unlimited 2X miles on every purchase, every day
Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
Miles won’t expire for the life of the account and there’s no limit to how many you can earn
Receive up to a $120 credit for Global Entry or TSA PreCheck®
Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
Transfer your miles to your choice of 15+ travel loyalty programs

Financial Snapshot

APR: 19.99% – 29.24% (Variable)
Foreign Transaction Fees: None

Rewards Center

Capital One Miles

Why Travel Protection is Essential

Travel insurance through your credit card is a critical safeguard against unexpected travel disruptions. It offers a safety net against incidents, accidents, and inconveniences that can arise during your trips.

The majority of travel insurance benefits associated with the Capital One Venture card stem from its designation as a World Elite Mastercard. While we provide a summary here, for complete details and conditions, refer to the official Capital One World Elite Mastercard Guide to Benefits. Always consult the full guide for the specific terms and conditions of your coverage.

Capital One Venture Card Car Rental Insurance: Collision Damage Waiver

The Capital One Venture card includes an auto rental collision damage waiver, providing coverage for rentals charged to your card. By declining the rental agency’s collision damage waiver and using your Venture card for payment, you receive:

Secondary Coverage in the U.S.: Secondary coverage for collision damage and theft within the United States.
Primary Coverage Internationally: Primary coverage for collision damage and theft outside the United States if you lack other applicable insurance or your existing insurance is not valid internationally.

Several conditions apply to activate this coverage:

You must be the primary cardholder to be eligible for the benefit.
Coverage extends only to you, the primary renter, and any additional drivers listed on the rental agreement.
Rental periods are limited to a maximum of 31 consecutive days for both U.S. and international rentals.
Coverage is not valid in countries where prohibited by law or where coverage terms conflict with local laws.

Reimbursement can be up to the vehicle’s value, but certain vehicles are excluded:

High-value or exotic cars
Antique vehicles
Trailers, motorcycles, and vehicles with fewer than four wheels
Trucks and vans, including sport utility trucks

Important Note: Credit card rental car insurance typically does not include liability coverage. If you are at fault in an accident, you are fully responsible for liability costs.

To utilize this benefit, ensure you pay for the entire rental with your Capital One Venture card and decline the rental company’s collision damage waiver.

What’s Covered Under Car Rental Insurance?

Covered losses include:

Physical damage to or theft of the rented vehicle.
Valid loss-of-use charges assessed by the rental company.
Reasonable towing costs to the nearest qualified repair facility due to covered theft or damage.

Car Rental Insurance Exclusions

Exclusions include:

Injuries to anyone or damage to property inside or outside the rental car.
Loss or theft of personal belongings.
Personal liability.
Damage or theft resulting from intentional acts, or while driving under the influence of alcohol, drugs, or illegal substances, or during illegal activities.
Wear and tear, mechanical failures, or gradual deterioration.
Damage from off-road driving.

How to File a Car Rental Insurance Claim

To file a claim for the auto rental collision damage waiver:

Initiate a claim at www.mycardbenefts.com or by calling 877-288-6784 within 60 days of the incident.
The benefit administrator will guide you through the subsequent claim filing steps.
Gather all required documentation, such as accident reports, rental agreements, repair estimates, itemized bills, and police reports (if available).
Submit all documents within 180 days of the date of damage or theft.
Claims are usually processed within 15 days, with the benefit administrator assisting you throughout.

Capital One Venture Card Lost and Damaged Luggage Insurance

Lost baggage

Image: A carousel at an airport with only one lonely suitcase going around, symbolizing lost luggage.

Lost luggage can be a major travel headache. While lost luggage reimbursement cannot replace the inconvenience, it can help ease the financial burden of replacing essential items.

The Capital One Venture card offers lost and damaged luggage insurance when you purchase your plane ticket with your card and report the loss to the airline immediately.

Coverage extends to you and your immediate family, including your spouse and dependent children under 18 (or under 25 if full-time students).

Currently, coverage is up to $1,500 per incident, with a maximum of 2 claims per 12-month period. This coverage is supplemental, meaning it covers costs beyond any reimbursements from other sources like the airline.

For example, if your airline reimburses $500 for $1,500 worth of lost luggage, you could claim the remaining $1,000 through this benefit.

Filing a Lost Luggage Claim

To file a lost luggage reimbursement claim:

Immediately report the loss to the airline or common carrier to start their claims process.
Open a claim at www.mycardbenefts.com or by calling 877-288-6784 within 60 days of the luggage being lost or stolen.
You will receive a claim form from the benefit administrator. Complete it and provide all required documentation.
Submit the claim with all necessary documents within 180 days from the date the luggage was lost or stolen.

Master RoadAssist® Roadside Service with Capital One Venture

The Capital One Venture card provides access to Master RoadAssist® Roadside Service, a 24/7, pay-per-use roadside assistance program.

Although this service is not complimentary, it can be convenient as it offers pre-negotiated rates for services like jump-starts, towing, fuel delivery, and tire changes, directly billed to your Venture card.

To use this service, simply call 877-288-6784 whenever you need roadside assistance.

Capital One Venture Card Travel Accident Insurance

Dealing with serious accidents or life-threatening situations while traveling is incredibly stressful.

The Capital One Venture card includes travel accident insurance, offering coverage up to $1 million for you, your spouse/domestic partner, and dependent children in case of accidental loss of life, limb, sight, speech, or hearing while on a common carrier.

Full fare payment with your Capital One Venture card is required for this coverage. Terms, conditions, and exclusions apply, so refer to the benefits guide for complete details. Benefit levels may vary based on your card application terms.

How to File a Travel Accident Insurance Claim

To file a travel accident insurance claim:

Request a claim form within 20 days of the incident by contacting the Claim Administrator at 877-288-6784.
The claim administrator will send you the necessary forms within 15 days.
Submit the completed claim form and all supporting documentation within 90 days of the loss.

Capital One Venture Card Travel Assistance Services

Unpredictable events are a part of travel, especially in unfamiliar destinations.

The Capital One Venture card offers 24/7, year-round travel and emergency assistance services to help manage these uncertainties.

These services are available to you, your spouse/domestic partner, and dependent children and provide assistance and referrals only, without additional charge. You are responsible for the costs of any actual services like medical care, legal aid, transportation, or cash advances.

Contact the travel and emergency assistance services at 877-288-6784.

Examples of available services:

Medical referral assistance: Medical monitoring, referrals, and follow-up.
Legal referral assistance: Connecting you with English-speaking attorneys, U.S. embassies, and consulates if you face legal issues or detention.
Emergency transportation assistance: Arranging emergency transport to medical facilities or home.
Emergency ticket replacement: Assistance with replacing lost tickets.
Lost luggage locator service: Help in locating and shipping lost luggage through carrier procedures.
Prescription assistance and valuable document delivery: Managing prescription needs and arranging delivery of essential documents.
Pre-trip assistance: Information on ATM locations, currency exchange, immunizations, visa requirements, and weather conditions at your destination.

No Foreign Transaction Fees with Capital One Venture

Foreign transaction fees, typically around 3% on many credit cards, are not charged on purchases made with the Capital One Venture card (rates & fees).

This means you save $30 for every $1,000 spent abroad, making it ideal for international travel.

Comparing Capital One Venture Travel Insurance to Other Cards and Policies

Now, let’s compare the Capital One Venture card’s travel insurance benefits to other credit cards and standalone travel insurance policies.

Capital One Venture vs. Other Credit Cards

Different credit card issuers like Chase and American Express offer varying travel protection packages.

Here’s how Capital One Venture compares to cards in a similar category:

Capital One Venture vs. Chase Sapphire Preferred

The Chase Sapphire Preferred® Card is often compared to the Capital One Venture.

However, the Chase Sapphire Preferred card provides more comprehensive travel insurance benefits better travel insurance benefits than the Capital One Venture, including:

Trip cancellation and trip interruption insurance
Trip delay reimbursement
Baggage delay insurance
Lost luggage reimbursement
Primary auto rental collision damage waiver

Capital One Venture vs. American Express

While not directly comparable in tier, the American Express® Gold Card is sometimes considered alongside the Capital One Venture. For a detailed comparison, see our Amex travel insurance benefits guide.

American Express cards generally offer an edge due to benefits like trip delay insurance, which the Capital One Venture lacks.

Capital One Venture vs. Capital One Venture X

The Capital One Venture X Rewards Credit Card surpasses the Capital One Venture in travel insurance benefits.

As a Visa Infinite card, the Venture X offers enhanced travel protections, such as:

Primary auto rental collision damage waiver
Trip interruption and cancellation insurance
Trip delay reimbursement

However, the Capital One Venture X has a higher annual fee, which is a key factor to consider.

Capital One Venture vs. Citi and Bank of America

Citi and Bank of America credit cards typically offer minimal travel insurance benefits. Therefore, the Capital One Venture card provides significantly better travel protection compared to most cards from these issuers.

Capital One Venture vs. Standalone Travel Insurance Policies

Credit card travel insurance is not a substitute for a comprehensive travel insurance policy.

Comprehensive travel insurance policies offer broader and deeper coverage but come at an additional cost.

For instance, insuring a $10,000 trip with a comprehensive policy might cost around $1,000.

Deciding whether to purchase a separate travel insurance policy depends on your individual risk tolerance and travel needs. Carefully review the Capital One Venture card’s benefits guide to assess if the included coverage sufficiently meets your requirements.

Final Verdict: Capital One Venture Travel Insurance

The Capital One Venture card offers a valuable suite of travel protections for its cardholders. These benefits can provide significant peace of mind, knowing you have a safety net during your travels.

Remember that while travel insurance is beneficial, it’s crucial to understand the terms and conditions to ensure your specific situation is covered. Always follow the required procedures, including timely notification to the benefit administrator.

In conclusion, the Capital One Venture card provides solid travel insurance for a credit card at its price point, but it does not replace the extensive coverage of a dedicated, comprehensive travel insurance policy.

For the trip delay insurance benefit of the American Express® Gold Card, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

For rates and fees of the American Express® Gold Card, click here.