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BMO Ascend World Elite Mastercard Credit Card Review - Watch Before you ApplyYour BMO AIR MILES World Elite Mastercard provides you with comprehensive insurance coverage (if you are 65 or under), which may protect you in the event of a. The table below summarizes the types of insurance coverages that come with your BMO CashBack World Elite Mastercard and the coverage limits. Each coverage is. Extended Warranty, Trip Cancellation, Price Protection. Up to 1 year. $2, per person. $5, per trip. N/A. Lost Baggage, Delayed Baggage, Hotel/Motel.