Whether you booked a tropical cruise or a sightseeing trip to a far-flung region, travel insurance helps you secure your financial investment in your vacation. Purchasing travel insurance is optional, but it helps you avoid losing money on prepaid travel expenses if your plans go wrong.
Many credit cards offer some form of travel insurance. However, keep in mind that credit card travel insurance does not necessarily include medical or dental coverage, as well as emergency evacuation coverage.
Which are the three most important and protective forms of travel insurance? In most situations, special requirements must also be met to qualify for coverage. With this in mind, you should be careful about relying solely on your credit card coverage, unless you’re sure of what’s covered.
The best travel insurance companies will cover medical costs, lost luggage, evacuation to your home country, and other costs at a reasonable cost.
We’ve analyzed ratings and scores from insurance websites such as Squaremouth, InsureMyTrip, and AM Best, as well as reviews and recommendations from travel industry sources and customers, to select the best travel insurance companies. More information on the process for the Best Travel Insurance Companies can be found here.
Travel Insurance Companies That Offer Great Deals
Allianz Travel Insurance
Allianz Travel Insurance offers a variety of 10 travel insurance plans designed to meet the needs of different types of travellers. You can cover a single trip, but if you travel frequently and want to avoid buying a new travel policy each time, you can also purchase annual travel insurance.
Allianz offers multiple levels of coverage when purchasing travel insurance for a specific trip. While each plan has its own set of amenities and coverage limitations, the OneTrip Prime plan is the most popular one-way option.
OneTrip Prime offers ride cancellation insurance of up to $100,000, ride interruption insurance of up to $150,000, emergency medical insurance of up to $25,000, baggage loss, damage, or theft insurance of up to $1,000, and change fee insurance of up to $500, amongst different advantages.
The OneTrip Prime plan also includes free coverage for children aged 17 and under while traveling with a parent or guardian, and you can modify it with extra coverage for rental cars or previous conditions.
You may also apply for a travel insurance quotation, register a claim, update your policy, or follow up on a claim online with Allianz. Furthermore, the organization provides a smartphone app via which you may control your subscription from your favorite mobile device. Customers can also call a 24-hour hotline if they have any problems.
Travelex Insurance Services
Travelex offers two main types of travel insurance – Travel Select and Travel Basic. With various add-ons, you can also personalize your coverage to match your specific needs.
If you’re looking for an inexpensive option, try the company’s Travel Basic package. This plan pays out 100% of the covered trip cost for cancellations and disruptions, as well as up to $500 for travel delays.
It also provides up to $100,000 in emergency medical evacuation and repatriation coverage, $15,000 in emergency medical and dental treatment, and up to $500 in luggage and personal items coverage. You can also access your primary insurance with no deductibles. This package is recommended by the company for short domestic stays.
If you’re going on an overseas trip, the Travel Select plan is a good option. This plan has generous limits: up to $500,000 in medical evacuation and emergency repatriation coverage, $50,000 in emergency medical and dental care, and $1,000 in pocket coverage. Bags and personal effects are lost, damaged, or stolen. In addition, minors 17 years of age and younger traveling with an insured adult are covered free of charge.
World Nomads offers customized travel insurance products that vary in terms of coverage and cost based on your requirements. The policy features are extensive and, unlike other travel insurance companies, include adventure activities such as scuba diving, mountain biking, bungee jumping and skiing.
When you request a free quotation from World Nomads, you’ll have the option of selecting one of two travel insurance plans: the Standard Plan or the Explorer Plan. The Standard Plan gives less coverage for a lower upfront cost, whereas the Explorer Plan offers more complete coverage for a higher premium.
The Standard Plan, for example, only provides $2,500 in trip insurance coverage, but the Explorer Plan guarantees $10,000. Both plans provide $100,000 in emergency medical coverage, but the Standard Plan includes $300,000 in emergency evacuation coverage, while the Explorer Plan has $500,000 in coverage.
Other forms of coverage (with varying amounts) included with both plans are: trip cancellation, trip interruption, loss or damage to bags and personal possessions, rental car coverage, accidental death and dismemberment, and more.
World Nomads allows you to easily request a quotation online, as well as make a travel insurance claim.
AIG Travel offers three types of travel insurance plans: Annual Plan, which covers all trips for the year, N’ Go Plan, last-minute vacations, and Single Trip Package (which includes three levels).
Single excursions may be covered under Essential, Preferred, or Deluxe tiers, depending on the cost of the trip and the guaranteed refund amount. If you live in New York, you can choose from the equivalent Silver, Gold, or Platinum plan depending on your needs.
Plan coverage and limit levels may vary depending on travel details. Due to this change, it is essential to obtain a quote using the AIG Travel search engine to confirm the coverage levels to which you are entitled.
AIG travel insurance policies generally cover children 17 years of age and younger. With a mid-tier Preferred plan, you may be eligible for trip cancellation coverage for up to 100% of the cost of your trip (up to $150,000) and trip interruption coverage for up to 150% of the cost of your trip (up to $225,000).
Depending on your travel situation, you may be covered for up to $50,000 in medical insurance and up to $800 in travel delays.
While AIG Travel provides minimal information about its plans before seeking a quotation, it does make it simple for clients to register a claim or monitor the progress of a travel insurance claim online.
Seven Corners offers travel insurance plans for U.S. citizens, but it also offers travel insurance with medical coverage for tourists to the United States. Travel medical insurance plans with up to $5 million in insurance can be purchased. However, there may be additional tour coverage for students, institution tour coverage plans, and every year tour coverage plans for normal tourists.
The featured tour coverage plan from Seven Corners is RoundTrip Trip Cancellation Insurance, which is the kind of insurance you may purchase to cover a single vacation you’ve got scheduled for the year. This coverage is only available to US citizens and has three tiers: Economy, Choice, and Elite.
This type of coverage can include any prior conditions as long as you buy your plan within 20 days of your first trip deposit and complete additional requirements.
Also, when you purchase a plan from Seven Corners, you may personalize it with add-ons such as rental vehicle coverage, airline accident coverage, and cancel for any reason coverage.
By the way, if you’re a travel enthusiast, you may want to have this book in your personal library!
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