If you are paying plenty of dollars to schedule a trip, it could be a good choice to take the assistance of travel insurance. Travel insurance preserves your investment for a trip in case you have to withdraw or shorten your journey for many causes such as weather, sickness, government closedowns, etc. The best travel insurance companies compensate you for medical charges, baggage loss, evacuation to your home country, and more.
How We Choose Travel Insurance Companies?
Among so many companies, a question must be raised about choosing a travel insurance company. Important areas need to be focused on included coverage options, claim and policy limits, and standard insurance policy costs.
The biggest focus was on insurance coverage limits and what each policy covers. Cost is essential, but for the sake of $20 much more reliable coverage is oftentimes negligible. The most important features considered in this article are the ones that make your policy worthy and comfortable to use if you ever need it.
The following are the best travel insurance companies we shortlisted read further to see which travel insurance makes the most sense for your requirements.
Travelex Insurance Services
- Competitive pricing for complete coverage
- Various plan selections with customizable features
- Children 17 and under covered at no extra cost
- Mixed pre-existing condition coverage depending on the policy purchase date
- No annual plan available
- Basic coverage plan features minimum coverage
Travelex Insurance Services is a renowned travel insurance company based in Omaha, Nebraska. Established in 1996, Travelex gives various insurance packages depending on the coverage required for your trip. Policies are endorsed by Berkshire Hathaway Specialty Insurance company, which earns an A++ rating from AM Best and AA+ from Standard & Poors. Coverage is accessible to customers globally.
The Travel Select plan begins at $28 and covers trip reversal, trip interruption, as well as emergency medical and evacuation, but there are also many ways to customize and update coverage.
Travel is covered up to 100% of $50,000 for reversing. You can get up to 150% of the trip cost up to $75,000 for trip interruptions. Emergency medical limits are $50,000 and emergency evacuation coverage is good for up to $500,000.
Besides, Travel Select has a 21-day pre-existing condition exclusion waiver. If you buy your policy within 21 days of paying for your trip and ensure the complete cost of the trip, your pre-existing injury or sickness is likely covered.
Travelex allows wide coverage up to 150% for interruptions for you or your entire family at a competitive cost and children are accommodated with no additional charge. A comparatively low price for the high levels of coverage makes it the best choice.
Allianz Travel Insurance
- Yearly or single-trip plans available
- Multiple policy types meet different requirements
- Cover yourself and your family all year even if you are not traveling together
- Does not cover extended travel times
- Some yearly plans have per-trip restrictions while others have yearly limits
- Not the highest limit for emergency medical transportation coverage ($250,000)
Allianz Travel is a subsidiary of Allianz, which follows its history back to 1890 in Germany. Travel policies are endorsed by insurers with AM Best ratings of A- to A+ and are only accessible to legal U.S. citizens.
Travelers who want to travel many times over the year should go for annual travel insurance rather than individual per-trip policies. Allianz Travel gives four separate annual plans with diverse benefit levels. Their AllTrips Executive has the highest limits and coverage.
AllTrips Executive offers limits of $5,000 for trip cancellation or interruption, $50,000 for emergency medical, and $250,000 for emergency transportation, per person, per trip. There is a long list of exclusions, such as extreme sports, so make sure to know well before jumping into adventure activities.
Quotes for a single traveler, a couple, and a family of four had a price point of $500 per traveler per year. If you were going to pay for full coverage at $120 per person per trip, you cut even with this plan if you are going to travel at least five times per year. If you are searching for more economical costs, the AllTrips Basic, Premier, and Prime options are available from Allianz.
Allianz covers comprehensive coverage for frequent travelers with a low cost-per-trip. Get the best coverage from the AllTrips Executive plan. Individual trip coverage is also available.
Seven Corners, Inc
- Coverage for pre-existing conditions
- Cancel for any cause coverage costs extra
Seven Corners gives travel insurance plans for U.S. citizens, but it also provides travel insurance with medical coverage for visitors flying to the United States. Travel medical coverage plans can be bought up to $5 million in coverage, but you can also buy travel insurance for students, group travel insurance plans, and yearly travel insurance plans for regular travelers.
Seven Corners’ highlighted travel insurance plan is its RoundTrip Trip Cancellation Insurance, which is the kind of policy you might be preferred to buy to cover a single holiday you have intended for the year. This coverage is for U.S. citizens and is accessible in three ranges – economy, choice, or elite.
The following are some of the major advantages in the mid-tier RoundTrip Choice plan:
- Trip cancellation coverage up to $20,000
- Trip interruption coverage good for up to 150% of the cost of the trip
- Trip delay coverage worth $600
- Missed connection coverage worth $1,000
- Emergency medical coverage worth up to $100,000
- Emergency dental up to $750
- Emergency evacuation and repatriation coverage up to $500,000
- Lost, stolen or damaged baggage coverage up to $1,500
This level of coverage can accommodate any preexisting conditions provided you buy your plan within 20 days of your first trip security and fit other requirements.
Also note that when you purchase a plan from Seven Corners, you can customize it with add-ons like rental car coverage, flight mishap coverage, or cancel for any reason.
- Explore quotes from many renowned insurers
- Shop around with one application for various trip types
- View many plans from eligible insurers for your planned trip
- Many famous insurers not added in listings
- Initial listing pages don’t show policy limits
- Includes some policies with low coverage limits
It was established in 2000, InsureMyTrip is a travel insurance corresponding website that explores from over 20 insurers using one intake form. It gives an easy-to-use signup and matching tool to immediately analyze various policies based on your specific requirements. Filters are available to choose policies that cover adventure sports, higher limits, increased medical coverage, and more.
A quote for a family of four to take a 14-day trip that requires $4,000 and covers plane and hotel expenses resulted in three suggested plans with costs of $100, $112, or $345 for different levels of security. Basic features covered luggage coverage, activities and excursions, identity theft protection, car rental insurance, and medical care.
The insurers you will find while using InsureMyTrip have got a variety of industry ratings and are generally regarded as reliable and financially stable. Nevertheless, as with policies bought directly from insurers, it is a great idea to see the policy particulars before clicking the buy button. Each underlying insurer has distinctive claims processes, exclusions, and limits. InsureMyTrip makes it more comfortable, however, to be an informed travel insurance buyer.
It compares policies from more than 20 different travel insurance providers with one form so you know you are getting a good package for the coverage you require. You can find low-cost trip coverage or customize a plan to match your requirements so you do not overpay for coverage you will not use.
- Comprehensive coverage with high limits for medical and emergency evacuation
- Guards your bags, computers, and sports equipment when traveling
- Explorer plan includes adventure sports
- Only single-trip plans available
- Most pre-existing conditions are not covered
- Not all policies cover adventure sports
World Nomads offers customizable travel insurance policies that differ in terms of coverage and price based on your requirements. Its policy inclusions are broad, and in contrast to other travel insurance companies, it includes adventure sports, such as scuba diving, mountain biking, bungee jumping, and skiing, in its regular policy.
You will have to pick between two travel insurance plans when you ask for a free quote from World Nomads – a Standard plan or an Explorer Plan. Standard plans give a lower level of coverage for a more affordable upfront price, whereas Explorer plans give more strong coverage for a higher premium.
For example, Explorer plans promise $10,000 in trip security coverage, whereas Standard plans only offer $2,500. Both plans give $100,000 in emergency medical coverage, but the Explorer plan asks $500,000 in emergency evacuation coverage while the Standard plan ensures $300,000 worth of coverage.
Other kinds of coverage you get with both plans cover trip cancellation, trip interruption, loss or damage of baggage and personal effects, rental car coverage, accidental death and dismemberment, and more.
World Nomads lets you ask for a quote online with comfort, and you can also register a travel insurance claim online.
So, these are the top travel insurance companies that will help you on your trip. If you like our effort, give us feedback on [email protected]
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