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September 23, 2022

What do the top travel insurance companies in Canada cover?

The association added that these almost billion dollars in reimbursements covered largely trip cancellations, which included flights and hotel room bookings. Sadly, for the large number of Canadians who opted not to take out travel coverage, they lost thousands of their hard-earned money.

So, it is not surprising that in a recent poll by travel insurance specialist Generali Global Assistance (GGA), the majority of Canadian respondents (60{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) said that they were likely to purchase coverage for their upcoming trips.

The insurer’s 2022 holiday barometer survey – conducted between April and May and participated in by a national representative sample of 1,000 Canadians – also revealed that summer travel is close to returning to pre-pandemic levels, with 61{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of respondents indicating plans to go on a trip, either domestically or overseas.

Read more: Travel insurance industry tested by disruption from coronavirus

How did the pandemic change how Canadians plan their travels?

Earlier this year, the government began easing border restrictions, triggering a surge not only in travel-thirsty Canadians heading abroad but also in the sales of travel insurance, which is designed to keep them protected during their trips.

A recent analysis of comparison website RATESDOTCA of insurance quotes from the first quarter of 2021 to the same period this year has shown a significant year-on-year rise in interest across all types of travel insurance plans.

Annual travel insurance plans posted the biggest increase at a whopping 1,229{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, followed by trip cancellation policies at 1,175{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. All-inclusive coverage, the most comprehensive plan type, also registered a massive spike in interest, with inquiries climbing 1,032{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} year-on-year.

“While travel intent may be up, the COVID-19 virus remains active – and many Canadians have the foresight to consider travel insurance to mitigate risks,” the site noted. “As Canadians plot their next getaway or travel to see family overseas, they’ll want to ensure they protect themselves financially if there are cancellations or travel guidelines change.”

Read more: Airport delays prompt Canadians to consider travel insurance – survey

How does travel insurance work in Canada?

Most travel insurance policies in Canada are designed to cover costs incurred from health-related emergencies and disruptions to the travel itinerary. Here are the common types of plans Canadian travellers can access, along with their corresponding features and benefits, according to RATESDOTCA.

1. Single-trip emergency medical travel insurance or single-trip travel insurance

Covers emergency medical expenses that may arise during the trip

Coverage for a single trip can last up to 365 days

Provides up to $10 million in emergency medical benefits

Travellers may need to complete a health questionnaire to qualify for the policy depending on their age

2. Annual emergency medical travel insurance or multi-trip travel insurance

Covers all trips taken over the course of a year

Best travel insurance for people who take multiple trips in a year, and those who travel frequently for business

3. Trip cancellation and interruption insurance

Covers the full cost of the trip if cancelled, delayed, or interrupted for reasons beyond the traveller’s control

Trip cancellation and trip interruption coverage are similar insurance types, but the difference is that cancellation applies before the trip, while the latter comes into play once travellers already left

Best for travellers who have medical coverage through their employer’s health benefits or credit card

4. Top-up travel insurance

Optional insurance coverage for travellers who already have coverage through an employer or a credit card but who are not covered for the entire length of the trip, or do not have enough coverage

Ensures travellers get extended coverage for the full length of the trip

5. All-inclusive travel insurance

Bundles common travel coverages, including unexpected medical emergency, loss of baggage, and trip delay, cancellation, and interruption insurance into a single policy

Most expensive option, but also offers the best protection

Read more: Nine simple ways Canadian travellers can save on insurance costs

What types of COVID-19-related coverage are available for Canadian travellers?

The good news is unlike at the onset of the pandemic when COVID-19 cover was uncommon, travel insurance providers have since stepped up their game and have started offering protection against disruptions related to the coronavirus.

Tourists, however, also need to consider a few points before purchasing travel insurance policies. These are:

Coverage may be “explicitly excluded” if the destination countries are under an “avoid non-essential travel” (Level 3) or “avoid all travel” (Level 4) advisory at the time of purchase.

COVID-19 vaccination status may also affect coverage – those unvaccinated by choice may have their claims declared ineligible by their insurers.

RATESDOTCA also listed the common COVID-19 protections the top travel insurance companies offer as part of, or as an add-on for, emergency medical travel insurance. Their plans typically include:

Emergency medical costs – including intensive care, medical tests, and medications – for up to $1 million per insured

Non-COVID-19 emergency medical coverage for physical injury and illness for up to $5 million per insured

Quarantine-related costs – including meals and accommodation – for up to $2,000 per insured

Ambulance transportation costs

Air evacuation from destination to Canada, including a one-way economy ticket for the insured, and may also cover passage for dependents and travelling companions

Repatriation costs up to $5,000 per insured in the event of death

Read more: What COVID-19-related cover do Canada’s top travel insurers provide?

What do the best travel insurers in Canada cover?

There is no single travel insurance policy that can cater to the varying needs of every traveller. Different insurers offer varying levels of protection and often the best travel coverage is the one that fits the unique requirements of each trip.

A basic plan covering flight cancellation, for example, would suffice if a person already has supplemental individual medical coverage and is going on a trip within Canada. On the other hand, adventure travel enthusiasts planning a hiking trip to Alaska would benefit from a comprehensive plan with emergency medical care and evacuation back home in the event of an accident.

Here are some of the key coverages the best travel insurance providers in Canada offer.

1. 21st Century

Policy name: Medicare International Travel Insurance – All-Inclusive Plan

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

$3,500 per trip

Baggage loss or delay

$1,000 (loss), $500 (delay)

Flight and travel accidents

$100,000 (flight), $50,000 (travel)

2. Allianz Global Assistance

Policy name: Medical + Cancellation Plan

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

Amount purchased

Baggage loss or delay

$1,000 (loss), $400 (delay)

Flight and travel accidents

$100,000 (flight), $50,000 (accidental death & dismemberment)

3. BMO

Policy name: Single Trip Premium Travel Plan

Type of coverage

Limit

Emergency medical care

$5 million

Trip cancellation or interruption

Up to sum insured to maximum of $20,000 per certificate (cancellation), $2,000 per insured person (interruption)

Baggage loss or delay

$750 per insured person to a maximum of $2,000 per trip

4. CIBC

Policy name: Comprehensive Travel Insurance

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

Amount purchased; available up to $50,000 per person for trip cancellation

Baggage and personal effects

$2,000

Accidental death and dismemberment

$10,000

5. Desjardins

Policy name: Travel Insurance

Type of coverage

Limit

Emergency medical care

$5 million

Trip cancellation or interruption

Non-refundable fees paid to a travel service provider

Baggage loss or delay

Actual value of baggage and personal effects, up to $500 for jewellery, watches, or articles made of gold, silver, or platinum

$500 for other belongings

$500 for baggage delay

Flight accident

100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of insurance amount for death or loss of use of two or more body parts

50{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of insurance amount for loss of use of one body part

Accident while travelling

200{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of insurance amount for death due to an accident while travelling as passenger of a common carrier vehicle

100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of insurance amount for death due to other accidents and loss of use of two more body parts

50{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of insurance amount for loss of use of one body part

6. Goose Insurance

Policy name: Single Trip Worldwide

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

Up to sum insured

Baggage insurance (optional)

$1,500 per insured to a maximum of $3,000 for the family

Unstable pre-existing medical condition (optional)

$250,000

7. Johnson Insurance

Policy name: MEDOC Travel Insurance

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

$15,000 per insured person per trip

Baggage and personal effects

$1,500 per insured person to a maximum of $3,000 per family

Flight accident

$150,000 to policyholder’s estate in case of death

$150,000 for an injury causing a loss of both hands or feet, or sight in both eyes

$75,000 for an injury causing the loss of one hand or foot, or sight in one eye

Accidental death and dismemberment

$50,000 policyholder’s estate in case of death

$50,000 for an injury causing a loss of both hands or feet, or sight in both eyes

$25,000 for an injury causing the loss of one hand or foot, or sight in one eye

8. Manulife

Policy name: CoverMe Single-Trip All-Inclusive Plan

Type of coverage

Limit

Emergency medical care

$10 million

Trip cancellation or interruption

$3,500 per trip

Baggage loss or delay

$1,000 (loss), $500 (delay)

Flight and travel accidents

$100,000 (flight), $50,000 (travel)

9. Medipac

Policy name: MedipacMAX

Type of coverage

Limit

Emergency medical care

$5 million (including COVID-19)

Accidental death

$10,000

Relocation benefit

$5,000

Pet benefit

$1,500

Excess luggage benefit

$1,000

Return to Canada benefit

$4,000

Canadian hospitalization benefit

$2,000

Inpatient rehabilitation benefit

$5,000

10. RBC

Policy name: Classic Medical Single-Trip Plan

Type of coverage

Limit

Emergency medical care

Unlimited

Return to trip destination

One-way economy fare

Out-of-pocket expenses

$1,750

Repatriation of remains

Unlimited transportation costs

Emergency transportation

One-way economy fare, or stretcher, or qualified medical attendant or air ambulance

Return of excess baggage

$500

11. Scotiabank

Policy name: Scotiabank Travel Insurance – Out of Province (Single-Trip All-Inclusive Plan)

Type of coverage

Limit

Emergency medical care

$5 million

Trip cancellation or interruption

$3,500 per trip

Baggage loss or delay

$1,000 (loss), $500 (delay)

Flight and travel accidents

$100,000 (flight), $50,000 (travel)

BounceBack benefit

$2,000

12. TD Insurance

Policy name: Travel Medical Insurance Single-Trip Plan

Type of coverage

Limit

Emergency medical care

$5 million

Private duty nursing

$5,000 per trip

Accidental dental

$2,000

Bedside companion benefit

Round-trip economy airfare and up to $1,500 for meals and accommodations

Vehicle return

$2,000

Return of deceased

$10,000

13. World Nomads

Policy name: Travel Insurance Standard Plan

Type of coverage

Limit

Emergency medical care

$5 million

Trip cancellation or interruption

$2,500 per trip; $700 per day (trip delay)

Emergency evacuation and repatriation

$500,000

Bedside companion travel and subsistence

Maximum 10 days; return economy airfare

Baggage loss or delay

$1,000 (loss), $100 (delay)

Flight and travel accidents

$50,000 (flight), $10,000 (travel)

Return of remains

$5,000

September 6, 2022

Best Travel Insurance Companies of 2022

Depending on how you travel, you may know a lot about travel insurance — or this your upcoming trip may be the first time you’ve considered getting a policy. Either way, travel insurance has become more important than ever since the beginning of the coronavirus pandemic, now that testing positive for COVID-19 can force you to scrap your plans.

A comprehensive insurance plan should cover your expenses for situations that may go awry. Here are our picks for the best travel insurance companies of 2022.

Compare the best travel insurance companies

Best overall: Nationwide

Well-rounded alternative: AXA

Best insurance plan for cruises: AIG Travel Guard

Reputable provider: Berkshire Hathaway

Best for travelers with pre-existing conditions: Tin Leg

Good for backpackers, study-abroad students, and digital nomads: WorldTrips

Best low-cost option: Trawick

Our methodology

To come up with our list of the best travel insurance companies, we evaluated each insurer based on the following factors:

Cost

A good travel insurance policy will typically cost between 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}-8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of total travel expenses, according to the US Travel Insurance Association. Anything beyond that price point should include additional benefits beyond the standard inclusions, such as CFAR protection or upgraded medical coverage. Anything below that 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} threshold may leave you lacking important or sufficient coverage in the event of an emergency.

Convenience and flexibility

Whether you’re an infrequent traveler or a suitcase warrior, a good travel insurance company should have you covered — and in many cases, you might not even have to talk to a person in order to purchase your policy.

Many people think of travel insurance in context with specific trips, but most of these top contenders sell both single-trip and multi-trip policies, also known as annual travel insurance. Some companies also offer plans specifically designed for cruisers, students abroad, and business travelers. Finally, all of these providers offer multiple options for getting the specific areas and amounts of coverage that you want.

Coverage categories and amounts

All of the companies on this list offer enough coverage in key categories to at least make a sizable dent in any out-of-pocket travel costs you may incur abroad, even though it is still up to you to purchase sufficient coverage for your specific needs. And while some companies may not offer certain add-ons or provide high category limits, all providers cover the core basics of comprehensive travel insurance.

How to pick the best travel insurance company for you

There isn’t a one-size-fits-all policy that works perfectly for every traveler. Young, healthy solo travelers can opt for much cheaper plans that offer bare-bones coverage, while families juggling complex itineraries will do best by investing in a robust policy that can help defray any costs associated with lost baggage, delayed transportation or other trip-impeding obstacles.

That being said, you can’t go wrong with a travel insurance provider that boasts a reputable history and offers a wide range of customizable plans. In some cases, you may be comparing plans that are only a few dollars’ difference apart from each other. In such situations, you should generally opt for the insurance company that offers stronger customer service and has been favorably reviewed by other travelers, particularly if they have undertaken similar trips to yours.

An insurance aggregator like InsureMyTrip or Squaremouth is one of the best tools for searching travel insurance policies. Once you input the specifics of your travel itinerary, you’ll be able to see hundreds of search results to compare the ones that catch your eye. If the options are too overwhelming, use the filters to the left of your search page to eliminate as many irrelevant plans as possible.

More about our winners

AIG Travel Guard

This well-known insurance provider is a great fit for travelers who want to ensure that they can get their money back in the event of canceled or interrupted travel plans.

While the company’s policies can be pricey compared to its competitors, the high medical and evacuation limits make AIG a solid choice for older travelers who value peace of mind and simplicity over highly customizable plans that may to be bolstered with medical upgrades.

Read our full review of AIG.

AXA Travel insurance

AXA offers consumers a great option for no-stress travel insurance: low-priced plans, generous coverage limits on key categories including primary insurance on lost luggage, and up to 150{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} reimbursement for qualifying trip cancellations.

While add-ons are limited and rental car coverage is not included by default on cheaper plans, AXA is a perfect fit for travelers who don’t plan to drive (or who already hold credit cards with rental car coverage), and don’t need any additional bells and whistles.

Berkshire Hathaway Trip Protection

The best-case scenario for any trip is that your travel insurance can go unused. However, Berkshire Hathaway helps travelers make the best of bad situations by simplifying the process of filing a claim down to a simple photo snap and some basic paperwork submitted directly through a dedicated app.

Approved claims are also paid out very rapidly, making it easier to carry through with a trip when luggage has been lost or alternative travel plans need to be made on the fly.

Nationwide travel insurance

One of the largest players in the travel insurance space offers nearly endless options for any customer on the travel spectrum, including annual plans which can offer frequent travelers the flexibility to “set it and forget it” on their insurance coverage.

Nationwide also offers some of the most affordable policies in the market compared to similar plans from competitors, which makes it a great pick for just about anyone.

Tin Leg travel insurance

Tin Leg is a great fit for travelers with medical issues in particular. Thanks to coverage for pre-existing medical conditions as well as for potential COVID-19 infection while traveling, this company offers some of the best financial investment options for travelers who are or will be exposed to higher health risks and issues.

Trawick International

Trawick is another medically robust insurance provider that can help higher-risk and anxious travelers find peace of mind while on the road. This company offers one of the most generous medical evacuation policies in the market, although travelers will need to remember to add on rental car coverage if they need it.

WorldTrips

WorldTrips’ affordable premiums, highly customizable add-ons and generous coverage for core categories of travel insurance make it a great option for digital nomads, students studying abroad and backpackers.

However, travelers should keep in mind that plans are not particularly flexible, and coverage amounts are limited unless you plan ahead to pay for the areas and amounts that you need.

Honorable mention: The credit card in your wallet

Believe it or not, several credit cards on the market today provide robust travel insurance coverage that can sometimes rival the plans offered by our top-pick providers.

The Chase Sapphire Reserve® is often considered the industry leader for comprehensive travel insurance, with the The Platinum Card® from American Express
coming in a close second.

If you’re not a fan of the sky-high annual fees on those cards, the Capital One Venture X Rewards Credit Card and the American Express® Gold Card
card offer a robust alternative for card-provided travel insurance at a mid-tier cost of $395 or $250 per year, respectively.

And don’t sleep on the Chase Sapphire Preferred® Card or the Ink Business Preferred® Credit Card: Each card may only cost $95 per year, but includes hearty coverage for travel interruption, cancellations, baggage loss and delays that’s comparable or even superior to many mid-range travel insurance plans.

The travel insurance provision on each of these credit cards can yield up to $3,000 per trip for lost or damaged baggage; stipends for baggage or travel delays as short as six hours; anywhere from $2,000 to $10,000 per trip for canceled, nonrefundable travel such as flights or hotels; and primary rental car coverage.

Frequently asked questions

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August 15, 2022

The Continued Importance of Trust Monies, Correct Accounting, and Doing Business with Stable Insurance Companies

There was some modern information that the Florida Office of Coverage (DOI) is necessitating all agencies to return to the state all of their unearned commissions if they did enterprise with a certain carrier that the DOI had to get over. This get to return all unearned commissions for that carrier is a terrific reminder about how to operate an company.

The carrier stated previously mentioned was generally a house owners insurance policies organization, but until finally this past calendar year or so, the number one type of carrier to go bancrupt or turn into impaired around the earlier 10 a long time has been overall health insurance policy carriers — specifically the new carriers organized less than the ACA rules. Chalk that up to a further detail the federal government does not do effectively, which now incorporates placing up recommendations for a new insurance plan company’s money prerequisites. However, the lesson previously mentioned applies to all kinds of carriers.

Allow me make some basic assumptions.

Let us say there is a relatively successful particular traces agency with 1,000 customers who are insured by a precise carrier. Owners premiums in Florida are likely to be remarkably significant and let us further more think the residences that are insured are center class properties with all over $500,000 in Coverage A. A decent guess for coastal Florida would be calculated by averaging the house values of the northern and southern sections of the point out. The common top quality is $5,000 for a basic HO-3 owners policy. A 12{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} fee, which is $600, multiplied by 1,000 clients equals $600,000 in commissions. Let us even further assume the policies have expiration dates that fall similarly around the calendar. Also, let’s assume this is all direct monthly bill small business and the carrier pays upfront, a very prevalent reality. That means $300,000 of the commissions are unearned and ought to be returned by the company.

Would you have $300,000 in the financial institution to return to the condition?

Never Do Business With Weak Carriers

The initially lesson is to not do business with weak carriers. The residence/casualty business has turn into extra strong in excess of the very last 25 yrs, and a significant portion of the people in the industry these days have no operating expertise of insolvencies and weak carriers. They do not keep in mind the fiascos from the ’90s where some sizeable P/C carriers went bancrupt overnight. Coverage providers, regulators and rating businesses all became a lot more really serious at that position relative to provider financials.

The unbelievably low curiosity rates and very hot stock market place have enabled carriers that would possible have failed to be sold early. The internet outcome is the industry has misplaced institutional expertise and has grow to be complacent.

This mixture has resulted in businesses not paying as substantially interest to whether or not the carriers they write with are unstable, even if they have a good rating. (By stable, I am not suggesting they do not have the accurate economic wherewithal per the regulatory and rating parameters relative to claims shelling out qualities — but for so numerous carriers to go out of business a short while ago in quick buy, one particular should really search a minor closer).

I at present discover that several persons have zero information of what occurs when an insurance policy provider insolvency takes place and they do not even know that point out warranty cash exist, significantly fewer what they cover or how they process promises. Numerous people today belief the govt companies to choose care of it. Maintain your fingers crossed so that you can proceed to not think by way of the troubles that an insufficiently staffed, substantially a lot less insufficiently funded warranty fund can cause an company.

I would also be careful about assuming the state DOI can basically assess plenty of money and obtain plenty of income to rapidly address the shortfall. I am not guaranteed how the DOI can assess carriers that are by now broke or nearly broke and essentially assert receipts. I observed a single do that not long ago although.

And then of program, the DOI may perhaps want you to repay your unearned commissions.

Preserve Accounts Effectively

The second lesson is to maintain your accounts effectively so that if some thing like this comes about, you have the present-day numbers so you can regulate your hard cash adequately. I have created thoroughly about the magnitude to which agents and advisors misunderstand have faith in laws.

Two sets of rules exist. The set most acquainted to agents and some advisors is the commingling of money regulations and laws. These policies prohibit agencies from commingling their functioning monies and their believe in monies. Only about 14 states have commingling regulations.

Brokers and advisors in the other states then proclaim, “We’re not a believe in state so we don’t have to fear about rely on monies!” That summary is very seriously completely wrong.

All 50 states and the federal governing administration have belief laws. A belief legislation is not the similar issue as a commingling legislation. What those states do not have is a commingling legislation, but they do have have faith in laws.

A have faith in regulation stipulates that an company can’t commit income it is holding on a fiduciary basis. Company bill enterprise is a good instance whereby the company collects funds upfront but does not quickly post that revenue to the carrier. When it is holding the money, it is performing in a fiduciary ability and is accountable for not investing that cash. An agency that is “out of trust” is an company that has invested fiduciary monies.

This is why the believe in ratio is THE MOST Essential equilibrium sheet ratio applicable to insurance policies distributors.

Failure to be in trust might routinely trigger a clause contained in most carrier contracts that stipulates that if the company is out of belief, the provider quickly gains ownership of the agency’s expirations. No notification. The simple fact that you paid your rates on time is a moot position.

Fiduciary monies also involve income held on behalf of carriers, audit returns, and at times commissions that are unearned. A comparatively new accounting rule, ASC 606, applies to insurance coverage organizations and brokers. Companies and brokers are now supposed to account for all commissions on an accrual basis. Although the goal of the rule was not to aid right belief accounting, it does so anyway.

Your accountant desires to fully grasp the great importance of insurance plan distribution accounting and how it differs materially from other forms of businesses’ accounting specifications.

Unearned commissions are a type of fiduciary monies. The carrier has compensated a commission upfront in the expectation that the agency will conduct its duties all over the year. In an insolvency, that provider is often taken more than by the state. The condition could need, as Florida a short while ago did, the return of individuals unearned commissions. Failure to return the unearned commissions may possibly then result in the loss of possession of the agency’s expirations.

What do you do if you have no option but to represent weaker carriers? Very first, certainly assess irrespective of whether you have no alternative.

I have purchasers creating in the exact same towns in which a single declares they have no preference and the other decides they do have a decision. The previous is ordinarily only fascinated in building sales, product sales and extra profits. In their minds, they have no selection since to keep on to make purchase taker level gross sales, they will need any and each individual carrier readily available since buy takers and peddlers provide price tag.

If the situation is a lot more intense and the company definitely has no preference, be certain you are effectually notifying your purchasers of the carriers’ scores, do your accounting accurately, and Leave Additional Hard cash in the agency. Do not take all the cash out even if your accountant advises in another way. The accountant requires a much better knowing of the situation and need to not be creating suggestions purely on the foundation of taxes. You will not have to worry about taxes if you go out of organization. Protect your company and leave a minimal extra cash in it, primarily if you are producing with carriers you feel may well be weak.

Subject areas
Carriers

July 28, 2022

Best Travel Insurance Companies in 2022 Ranked and Reviewed | For Students

Travel can take you places you’ve never been, but if you land in the hospital or become stranded due to flight cancellations, you could end up with the wrong kind of adventure.

The best travel insurance may not be able to prevent emergencies, but it can save you from the painful financial consequences.

We know what a challenge it is to hunt for a company that provides the specific coverage you need when you take off on any journey. We wanted to reduce your planning burdens, so we decided to research the best insurance providers for travel. Here’s what we discovered.

Best Travel Insurance Companies Reviewed:

1. TravelInsurance.com — Best International Travel Insurance

TravelInsurance.com travel Insurance Pros:

Offers quick quotes from trusted companies
Quoted prices are guaranteed
Comparison tool is easy to use
Coverage begins immediately when purchased through website
Allows for group coverage quotes

TravelInsurance.com travel Insurance Cons:

Company is not an insurance provider
Good providers may be excluded from search
Does not facilitate claims

TravelInsurance.com can help you find just the right policy for you. While the company doesn’t offer its own insurance policies, it can help you find one with the coverage you need at a price you like. They offer quotes from 15 well-known companies offering trip insurance.

TravelInsurance.com travel Insurance Plan Options: 5/5

We placed TravelInsurance.com at the top of our list of best travel insurance companies because it makes it easy for you to compare multiple plan options from trusted providers. Using the company’s quote tool, you have more plan options to choose from than you would with any individual provider’s site.

TravelInsurance.com Customer Satisfaction: 5/5

The company is Better Business Bureau-accredited and has a five-star rating on the BBB website. On shopperapproved.com, TravelInsurance.com received four or five stars from 98.4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the 79,090 verified users.

TravelInsurance.com Insurance Claims Process: 4.6/5

As a policy facilitator, TravelInsurance.com doesn’t offer its own insurance. It also doesn’t handle any part of the claims process. Customers may think otherwise, as the company has a claims tab on its menu bar. When they click on the tab, they can locate contact information for each provider.

The TravelInsurance.com Website Interface: 4.9/5

TravelInsurance.com’s travel insurance quote tool is easy to find and simple to use. The tool asks for basic trip and traveler information. You won’t have the option to filter for the types of coverage you want, which may make it more time-consuming for you to find the right policy.

Overall Score of TravelInsurance.com travel Insurance: 4.9/5

Compare quotes at TravelInsurance.com!

2. Generali Global Assistance — Best Travel Health Insurance

Generali Global Assistance travel Insurance Pros:

Plans cover non-emergency telemedicine services
Pays $1,000 up front for emergency medical
Offers identity theft resolution on all plans
Medical evacuation on all plans
All plans include concierge services

Generali Global Assistance travel Insurance Cons:

CFAR add-on only available with premium plan
Pre-existing condition add-on available with premium only
Generally priced higher than other companies

Most people think of travel insurance as emergency services protection. Generali Global Assistance takes it one step further, providing coverage for non-emergency telemedicine services on all its plans. They also offer other perks, such as identity theft resolution, in case someone steals your identity during your travels.

Generali Global Assistance travel Insurance Plan Options: 4.8/5

Generali Global Assistance offers three coverage tiers. Customers receive a suite of standard coverages, as well as several that aren’t often provided with basic plans, including medical evacuation coverage. This company also covers telemedicine services, allowing customers to access U.S. doctors for prescriptions and non-emergency appointments.

Generali Global Assistance Customer Satisfaction: 4.8/5

Customers generally seem satisfied with their travel insurance policies and the claims process. Out of 19,504 customer ratings and reviews on the company website, 97{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} were four- or five-star ratings. On insuremytrip.com, the company’s average rating for customer satisfaction is 4.58 stars, with 12,861 reviews.

Generali Global Assistance travel Claims Process: 4.7/5

This company provides two ways to file a claim: online and via phone. Customers can also contact claims support through email if they need assistance. Generali Global Assistance partners with Zelle to offer direct deposit for payout, in addition to standard check delivery through the mail. Though this company has an app for its other types of insurance, it does not have one for travel insurance.

The Generali Global Assistance Website Interface: 5/5

Generali’s website is user-friendly, with a pleasing layout that isn’t too cluttered or difficult to read. You can easily compare plans using a table that displays standard and optional coverages. Fill out a simple form on the front page and get a quote quickly.

Overall Score of Generali Global Assistance travel Insurance: 4.8/5

Get a Generali Global Assistance quote now!

3. Seven Corners — Best International Travel Insurance for a Budget

Seven Corners travel Insurance Pros:

Budget insurance plans for students and faculty
Customizable U.S. travel coverage for citizens
Annual plan for frequent travel
Arranges and pays for emergency evacuation services

Seven Corners travel Insurance Cons:

Website navigation isn’t intuitive
Medical protection isn’t part of trip coverage
No easy way to compare plans

Seven Corners has been providing travel insurance for more than 25 years to travel in the U.S. and abroad. It’s an excellent option for students, education staff and faculty, as the company has budget options for traveling abroad for educational purposes.

Seven Corners travel Insurance Plan Options: 4.6/5

U.S. citizens can choose between six plans, though not everyone is eligible for all those offered. Only full-time students and scholars, academic staff and faculty traveling for school or work purposes can sign up for the student plan.

Medical coverage is not part of trip protection plans, and must be purchased separately. The company offers an unusual option for travel insurance in its plan that covers trips within the U.S. for Americans.

Seven Corners Customer Satisfaction: 4.6/5

Overall customer satisfaction is on par with Generali’s on insuremytrip.com, though the company has fewer reviews and ratings. Seven Corners received an average rating of 4.59 stars from 1,789 reviewers. On Trustpilot, the average rating was lower, at 4.2 stars from 3,720 reviews. Many customers giving the company one-star reviews indicated they had issues with claims resolutions taking too long.

Seven Corners travel Claims Process: 4.9/5

Seven Corners makes filing a claim easy, allowing you to submit using the company’s app, or file online, via phone or fax and through the mail. Your travel insurance Claims Tracker lets you keep track of your status.

The Seven Corners Website Interface: 4.2/5

The website is not as intuitive and user-friendly as it could be. While the drop-down menu for plans identifies the types of policies available, with a brief summary for each, there is no easy way to compare plans. You also need to scroll down to the bottom of each plan page to find out what’s covered.

Overall Score of Seven Corners travel Insurance: 4.7/5

Find Seven Corners quotes today!

4. AIG Travel Guard — Best International Travel Insurances for Emergencies

AIG Travel Guard travel Insurance Pros:

Provides emergency medical and security evacuation
Plans available for residents in all states
Plan comparison is easy
Option to purchase annual or last-minute coverage

AIG Travel Guard travel Insurance Cons:

Can’t add all optional coverage online
Premiums are higher than other companies
CFAR add-on not available for essential plans
Medical coverage limits lower than other providers

AIG Travel Guard offers several travel insurance coverage options in addition to the three basic tiers. It’s also one of the few companies providing emergency evacuation coverage for security events, as well as for medical emergencies.

AIG Travel Guard travel Insurance Plan Options: 4.8/5

Travel Guard offers three general plan tiers, plus additional options for an annual plan or a last-minute traveler policy.

The company also has several “offline” packages providing specialized coverages. Its medical expense limits are lower than other companies, and cancel-for-any-reason coverage is not available at the lowest tier.

AIG Travel Guard Customer Satisfaction: 4.5/5

Customers on Travel Guard’s website give them a 4.6-star average rating. Most negative reviews comment on customer service hold times or an inability to get through to an agent or representative, rather than travel insurance product or claims resolution concerns.

The company received a 4.57 average rating on insuremysite.com from 7,159 reviewers. When you examine customers who filed a claim, the average rating drops to 4.33 from 422 customers.

AIG Travel Guard travel Insurance Claims Process: 4.6/5

Travel Guard customers can file a claim using the online portal 24/7. Those who prefer to can submit via phone or through the mail. The company doesn’t have an app, which would make the process easier for many. The website does an excellent job of providing information about required documentation. It does not offer direct deposit for claims benefits.

The AIG Travel Guard Website Interface: 4.6/5

You’ll have no trouble navigating the site if you want the tiered, annual or last-minute travel insurance plans. The interface is user-friendly, with easily identifiable navigation buttons and links.

A comparison page for the three tiered plans provides coverage options in a table. However, if you want to know more about the specialized coverage, you will need to make a phone call, and it might take you a while to reach an agent.

Overall Score of AIG Travel Guard travel Insurance: 4.6

5. Arch RoamRight — Best Travel Medical Insurance for Adventure travel

Arch RoamRight travel Insurance Pros:

Four plans offer adventure travel add-on
Six plan levels
Annual plans available for frequent travel

Arch RoamRight travel Insurance Cons:

CFAR is not an option
Trip coverage not available on all plans
Information on site not in user-friendly format

Arch RoamRight is the best travel insurance company for adventure travel. This company offers hazardous sports coverage as an add-on for four of its plans. Arch RoamRight provides flexibility in coverage options, with six tiers to choose from.

Arch RoamRight travel Insurance Plan Options: 4.5/5

This company provides six coverage tiers, with some distinct differences between them. If you want trip protection, you are limited to four plans. This company scored extra points for offering a hazardous sports coverage add-on for four of its plans, giving adventure travel peace of mind. Some plans also come with security emergency evacuation coverage.

Arch RoamRight Customer Satisfaction: 4.3/5

RoamRight’s Trustpilot reviews show that customers are largely satisfied with the travel insurance and customer service they got from this company. It received an overall rating of 4.1 from 1,389 ratings and reviews. Negative reviews generally revolved around dissatisfaction with claims results, and the company responded to those postings. RoamRight scored an average of 4.6 from 2,143 reviews on insuremytrip.com. The rating dropped to 4.17 for the 157 customers who had to file a claim.

Arch RoamRight travel Insurance Claims Process: 4.8/5

Customers can file a claim online or over the phone. Though the company has an app for its customers, they can’t use it to file a claim.

The website provides detailed information on how the claims process works and what to expect. Arch RoamRight also gives claimants receiving benefits from their travel insurance the option to get their money through electronic funds transfer or a paper check.

The Arch RoamRight Website Interface: 4.3/5

The company could improve its website significantly to make it more user-friendly. If you want to compare plans for their benefits, you’ll have a difficult time.

The comparison page is not set up in the more readable and functional table format you may see many other companies use. Coverage details are only available for each individual plan.

Overall Score of Arch RoamRight travel Insurance: 4.5/5

How We Selected the Best International Travel Health Insurance Services:

Before we began our search for the best trip insurance providers, we identified the most important considerations for those looking for coverage before they travel.

We selected companies that have multiple plan options, with enough variations between them to meet the needs of a wide range of travel. We also looked into what kind of optional coverages they offered, providing additional flexibility and choices.

Customer satisfaction figured significantly in our determination. Insurance companies frequently get complaints and low ratings. We looked for those that stood out for the number of positive reviews they received.

When you travel, it’s hard enough dealing with emergencies. You don’t want the claims process to be challenging, either. We made sure the travel insurance companies on our list made it easy to file a claim. Lastly, we evaluated the company’s website to ensure visitors could find the information they needed as quickly as possible and get a quote for coverage.

Compare quotes at TravelInsurance.com!

Best Travel Health Insurance Companies – FAQs

Is travel insurance required when you travel overseas?

Travel insurance might be required, but it depends on your destination country. Countries like Antigua demand proof of medical coverage before you can enter the country. It’s best to check out the entrance policies for any country you plan to visit, so you don’t get turned away for not meeting requirements.

Compare quotes at TravelInsurance.com!

Some countries don’t require it for everyone, or only recommend coverage. In most cases, coverage recommendations are for medical expense protection. However, coverage ensures that your losses aren’t entirely out-of-pocket if something goes wrong before or during your travels.

What does travel insurance cover?

The range of options varies among companies. Most providers offer a combination of trip protection and medical coverage, though some — such as Seven Corners — delineate between the two types of plans. Trip protection usually covers losses from trip cancellation, trip interruptions, travel delay, missed connections and baggage loss or delay. Medical coverage provides for emergency medical expenses if you get hurt on your trip.

Compare quotes at TravelInsurance.com!

Oftentimes, companies offer add-ons that boost your protection. If you are an adventure traveler participating in activities such as skydiving or trekking, you may want to consider a company that offers hazardous sports coverage, such as Arch Roam Right.

Some companies offer additional coverage that allows you to cancel for any reason, covers rental car damage or allows for pre-existing medical conditions. Not all companies provide the same coverage options or add-ons.

Will my travel insurance pay for my canceled trip?

Most companies include trip cancellation protection in their plans, but whether your company pays for your canceled trip depends on your policy. Generally, the reason for cancellation must fall under the company’s covered events.

If you have a medical emergency that requires you to cancel, your policy may pay for at least a portion of the expenses you already paid for once you provide the necessary documentation.

Check your policy for how much you can expect to get back to make sure the company covers 100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of your losses.

Your insurance won’t pay for anything that is refunded to you. For instance, if the airline refunds a portion or all of your ticket, your insurance won’t duplicate that refund. Some companies offer cancel-for-any-reason coverage on some of their packages for an additional cost.

Compare quotes at TravelInsurance.com!

Do I need to get separate travel insurance policies for every trip I take?

Trip coverage is usually a per-trip policy. A majority of travelers don’t take trips frequently enough to pay for ongoing protection. Insurance companies tailor plans to meet the travel requirements of each customer. When you request a quote, you input your travel itinerary, including destinations and travel dates. Check your policy for when it starts and ends.

Some companies provide an option for frequent travel. AIG Travel Guard offers those who travel multiple times throughout the year the option to purchase an annual plan. These policies offer trip and medical coverages for every trip you take for a year.

How much does travel insurance cost?

You can expect to pay, on average, between 4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} and 10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the total cost of your non-refundable trip expenses. If you opt for add-on coverages, it can significantly increase your costs. You also pay more for higher limits.

If you’re a full-time student aged 12 and over, or a scholar, educational staff or a faculty member, you can get budget insurance from companies such as Seven Corners for education- or research-related travel.

Compare quotes at TravelInsurance.com!

Your rate depends on the company and policy you choose. Additionally, individual states set trip insurance rate guidelines, leading to variations across states for similar policies. Your destination may also impact how much you pay for coverage.

How do I get the right travel insurance coverage for me?

It’s usually a good idea to shop around for a plan that offers the coverage you need at the best rates. TravelInsurance.com provides an easy way to compare plans using the quote tool.

The company doesn’t provide its own insurance, but it offers quotes and the option to purchase from 15 different providers. When comparing companies and plans, look at available plan options to see which ones provide the highest coverage at the lowest price.

Additionally, check for add-ons that meet specific needs, such as cancel-for-any-reason or hazardous sports coverage.

Read reviews to find out what customers think about the companies’ travel insurance policies and customer support. Make sure the claims process is easy to use and that the website is easy to navigate and provides the information you need to make an informed decision.

Top 5 international Travel Insurance Companies:

TravelInsurance.com

Key feature: Quote tool for quick comparisons for multiple travel insurance companies
Any-reason cancellation: Some companies provide the option
Medical coverage limits: Varies
Number of plan options: Varies

Generali Global Assistance

Key feature: Offers telemedicine coverage for all plan levels
Any-reason cancellation: Only available as a premium plan add-on
Medical coverage limits: $50,000 – $250,000 per traveler
Number of plan options: Three tiers, with add-on options

Seven Corners

Key feature: Has options for budget travel
Any-reason cancellation: Only available as an add-on option for Round Trip Elite Plan
Medical coverage limits: $10,000 – $1,000,000 per traveler
Number of plan options: Five plans for U.S. citizens, including one for students, education staff and faculty

AIG Travel Guard

Key feature: Provides security and emergency medical evacuation for all plans
Any-reason cancellation: Available as an add-on option for all plans
Medical coverage limits: $15,000 – $100,000 per traveler
Number of plan options: Three tiers, plus annual and last-minute plans and specialty packages

Arch RoamRight

Key feature: Offers hazardous sports coverage for adventure travel insurance
Any-reason cancellation: Not offered
Medical coverage limits: $25,000 – $500,000 per person
Number of plan options: Six tiers, with add-ons available

Best Travel Insurance Companies – Final Thoughts

Travel insurance isn’t a one-size-fits-all policy. What works for you may not be suitable for someone else. The number of options out there can be mind-boggling, making it challenging to find one that is a good fit for your coverage needs and wallet without some guidance on which companies provide the best plans for a wide range of travel.

Compare quotes at TravelInsurance.com!

TravelInsurance.com gives you a quick and easy way to compare plans, but not all the best companies are represented. We hope our review offers some insight that helps you narrow your options for finding a plan that meets your needs.

July 23, 2022

Best Travel Insurance Companies for Seniors in 2022

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.

Reaching your golden years doesn’t mean your adventures have to end. In fact, in this stage of life, you’ll hopefully have more time and resources to travel. But as a senior citizen, you’ll want to ensure you’re covered if any health-related issues arise while you travel—which is where travel insurance comes in.

Luckily, there are several excellent options for travel insurance for seniors. Having the right travel insurance will give you peace of mind while traveling and cover any losses incurred if you need to cancel your trip due to health issues. If you’re 60+ years old, check out our top picks for senior travel insurance below.

Compare the best travel insurance for seniors

Best overall: Allianz

Best for high coverage amounts: John Hancock

Best for active travelers: World Nomads

Best annual travel insurance: Travel Guard

Best cruise insurance: Nationwide

Best for traveling to Europe: AXA Schengen

Best for seniors 80 years and up: Seven Corners

Our methodology

When comparing senior travel insurance options, we looked for the following factors for each travel insurance provider:

Coverage limits: We looked at each travel insurance company’s coverage amounts for benefits like medical emergencies and trip cancellation.
Coverage for preexisting conditions: Preexisting conditions are one of the more critical factors for travel insurance for senior citizens, so we looked at travel insurance companies that offer the best coverage for preexisting conditions.
Price: We compared travel insurance providers offering reasonable basic and comprehensive coverage rates.
Benefits geared towards seniors: We compared travel insurance companies that offer solid coverage for senior citizens, like medical evacuation, COVID-19 coverage, and trip cancellation.

How to pick the best travel insurance for you

It’s wise to compare several different travel insurance policies for the best coverage and pricing, as premiums vary widely between insurers and depend on factors like your age and travel destination.

That said, some of the more essential coverages to look for if you’re a senior citizen include:

Travel medical coverage — This coverage will pay for your medical bills outside the US.
Medical evacuation coverage — If you’re injured or become sick while traveling, this coverage will transport you to the nearest hospital or even back home if your condition necessitates it.
Preexisting conditions — Coverage for known health conditions.
Cancel for any reason (CFAR) — The name says it all! It’ll cost extra, but it’s the most comprehensive trip cancellation coverage you can get.
Trip cancellation insurance — This coverage provides reimbursement for your prepaid and nonrefundable costs if you cannot make your trip due to an unforeseen event.
Baggage delay insurance — This coverage will reimburse you for essentials like toiletries and clothes if your bags are delayed.
Lost luggage insurance — This coverage will reimburse you up to a specified amount if your bags get lost en route.

Of these, the most critical to note are whether or not your policy covers preexisting conditions and the limits for travel medical insurance and emergency medical evacuation.

Some insurance companies offer a waiver that will cover preexisting conditions. You’ll have to follow the requirements for adding a waiver to your policy, like insuring the entire cost of your trip. Or purchase the policy within a specific time after making your first trip deposit payments.

You’ll also want to find a policy with high maximum limits for travel medical and emergency medical evacuation coverage. These types of expenses can be substantial, so you want to have appropriate coverage.

More about our winners

Allianz

One of the most widely recognized names in travel insurance, Allianz stands out as one of the top travel insurance providers for seniors. It offers a wide range of policies covering medical treatments overseas and emergency medical transport.

Allianz also provides options for varying trip lengths. Its annual multi-trip policies, for example, cover any trip you make during your policy period, even if they aren’t yet planned, making it an excellent option for seniors who vacation multiple times per year.

John Hancock

John Hancock’s travel insurance plans for seniors offer some of the best coverage available. It provides generous maximum benefit amounts while still offering affordable prices.

Each plan includes coverages like trip cancellation, emergency accident, and emergency medical, with the option to add benefits like CFAR (cancel for any reason). In addition, getting a free online quote is a quick and straightforward process.

World Nomads

For active senior citizens under 70, World Nomads is a great choice for comprehensive travel insurance. The key difference between World Nomads and many other providers is that it covers 200+ adventurous activities like scuba diving, mountain biking, surfing, skiing, and even bungee jumping. In addition, World Nomads’ trip cancellation and emergency medical coverage includes COVID-19-related issues. Many other insurers are excluding that type of coverage now.

For adventurous senior citizens over the age of 70 years young, World Nomads suggests working with its partner, TripAssure.

Travel Guard

Travel Guard by AIG offers comprehensive insurance plans for shorter and longer trips. One of its more unique offerings is their Travel Guard Annual Plan.

This annual travel insurance comes with standard coverage benefits (trip delay, baggage loss, etc.) and substantial coverage amounts, which is important for seniors who travel multiple times per year. Travel Guard also offers a preexisting medical condition waiver, meaning those with certain medical issues can still gain coverage.

Nationwide

Looking for an insurance provider that offers a specialized plan for cruising? Nationwide has you covered.

Seniors looking for a cruise insurance plan can choose from a few different options including the Universal Cruise plan, Choice Cruise plan, and Luxury Cruise plan. The Choice Cruise plan offers the best balance of coverage and affordable premiums.

AXA

Why consider AXA if you’re a senior citizen planning a trip to Europe? One requirement for a Schengen Visa is that travelers have insurance covering them in all Schengen Area states up to medical costs of €30,000.

AXA offers a low-cost option that meets these minimum requirements. It also offers a “Europe Travel coverage” plan that includes the Schengen countries as well as Ireland and the UK. Quotes are quick and easy to obtain online, and you’ll receive a certificate of coverage within minutes of paying your premium.

In addition to these Europe-specific policies, AXA offers three travel insurance plans (silver, gold, and platinum) for travel worldwide. And no one is excluded based on age.

Seven Corners

If you’re 80 years of age or older, it may be difficult to find travel insurance at a reasonable rate. That said, there are still options available, and Seven Corners is often one of the more affordable providers, especially given its higher-than-average medical expenses and medical evacuation coverage limits.

In addition to providing reasonable coverage rates, Seven Corners allows you to purchase a waiver to ensure any of your preexisting conditions are covered. The company also offers CFAR (cancel for any reason) insurance at an additional cost. And “cancel for any reason” really does mean any reason, meaning you’ll be covered for anything from bad weather to COVID.

Travel insurance for seniors — frequently asked questions (FAQ)

Do I need travel insurance if I have Medicare?

Yes. It’s recommended that seniors traveling internationally get travel insurance because, according to Medicare.gov, any health care you receive outside of the US isn’t covered.

How much does senior travel insurance cost?

The cost of coverage can vary depending on various factors, including your age, overall health, state of residence, travel destination, and length of your trip. You can usually get a quote online, directly from the insurance provider, without too much hassle. You might also check a third-party comparison site, like travelinsurance.com, to see multiple coverage options in one spot.

What is not covered by travel insurance?

Most insurance providers will exclude coverage for foreseeable events, such as COVID after it was declared a pandemic. And this is also why preexisting conditions are often excluded without a waiver for coverage. So it’s crucial to study your plan’s coverages.

For example, Allianz Travel Insurance’s most recent coverage alert is as follows: “Our plans may limit or exclude coverage and assistance services resulting from specific events, including, for example, COVID-19 and the Russian armed forces invasion of Ukraine.”

How can seniors save money on travel insurance?

Comparison-shopping is the name of the game when it comes to saving money on senior travel insurance. And remember to only insure the nonrefundable parts of your trip. If you bought fully refundable plane tickets, for example, there would be no need to insure those.

Does my credit card offer travel insurance?

Using a credit card that offers trip protection to pay for your travel can help cover you in some circumstances. But the coverage likely won’t be as comprehensive as what you’ll get with certain travel insurance plans. See Insider’s guide to the best credit cards with travel insurance to learn more.

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July 15, 2022

The 5 Best International Travel Insurance Companies for 2022 | Travel

With demand for international travel to destinations around the globe back in full force and many airports experiencing staffing shortages, buying travel insurance makes more sense now than ever before. Sure, prices for airfare and hotels are causing sticker shock among those who are ready to explore, but having a travel policy in place will ensure you won’t lose the money you spent if your trip is canceled or interrupted for reasons beyond your control.

While many travel credit cards offer some forms of travel insurance coverage as a cardholder perk, limits tend to be low and you typically won’t get any coverage for emergency dental or medical treatment. By purchasing insurance for international travel from one of the best travel insurance companies, on the other hand, you can get a full suite of protective benefits that can protect you against financial losses caused by trip delays, emergency medical evacuations, lost luggage and even mandatory quarantine due to COVID-19 when you’re overseas.

Which travel insurance companies offer the best coverage options for international trips? U.S. News editors compared more than 20 of the top providers to find the best travel insurance providers for trips around the world.

Best International Travel Insurance Companies of 2022

For more information on how travel insurance works, see the FAQ section.

Best for Comprehensive Coverage: Allianz Travel Insurance

Pros:

Buy coverage for single trips or multiple trips at once
Annual plans available
Some travel insurance plans come with an epidemic coverage endorsement
Tailor your coverage to your needs
A+ rating for financial strength from AM Best

Cons:

COVID-19 benefits don’t apply to every plan
Does not offer “cancel for any reason” coverage within its online plans

Allianz Travel Insurance offers a range of plans that can work well for international trips, whether you want to lock in travel insurance for a single trip, multiple trips or an entire year. You can use this provider to purchase a comprehensive international travel plan that includes all the major coverages you would expect, but you can also purchase specialized coverage for international medical expenses, car rentals and more.

For international trips in particular, the OneTrip Prime plan is a top choice: It includes key benefits like trip cancellation or interruption coverage as well as coverage for emergency medical situations and emergency transportation. Coverage for preexisting conditions can be added to the plan; children aged 17 and younger get covered for free when traveling with a parent or grandparent.

This plan comes with an epidemic coverage endorsement for COVID-19, as well as robust coverage limits for the following:

Trip cancellation coverage worth up to $100,000
Trip interruption coverage worth up to $150,000
Emergency medical coverage for up to $50,000
Emergency medical transportation coverage worth up to $500,000
Baggage loss and damage coverage worth up to $1,000
Baggage delay coverage for up to $300
Travel delay coverage worth up to $800

Individuals planning an international trip can also customize their coverage with add-ons for preexisting conditions, rental car protection and cancellation benefits that apply if getting called into work derails your travel plans.

Best for International Travel Medical Coverage: GeoBlue

Pros:

Purchase international travel medical insurance for individual trips, multiple trips or long-term travel
A- rating for financial strength from AM Best
Specialized plans for missionaries and expats
COVID-19 testing and treatment included

Cons:

Coverage is mostly for emergency medical expenses abroad
U.S. health insurance plan required

GeoBlue offers international travel medical insurance that applies specifically to health care expenses incurred outside your home country. Travelers can buy coverage for a single trip or multiple trips at once, but you can also purchase extended coverage for international travel that lasts at least three months.

The company’s Voyager single-trip plan is likely the best choice for an international trip that requires travel health insurance coverage. Not only does this plan include coverage for COVID-19 testing and treatment, but it also comes with a post-departure trip interruption transportation benefit worth up to $1,000; quarantine benefits worth up to $50 per day (for a maximum of 10 days); and your choice of medical limits and deductibles. This plan even covers preexisting conditions for medical services and medical evacuation, provided individuals already have a current U.S. health plan.

Best Optional Coverages: AIG Travel Guard

Pros:

Add-on coverage available for lodging expenses, preexisting medical conditions and rental cars
24-hour travel concierge services included
A rating for financial strength from AM Best
Cancel for any reason coverage available as an optional add-on with some plans

Cons:

Coverage limits for its lowest-tier Essential plan may be insufficient
Add-on coverage for preexisting conditions must be purchased within 15 days of the initial trip payment

AIG Travel Guard is another travel insurance company that offers protective international plans for trips nearly anywhere around the world. Basic coverage options included in every plan span trip cancellation and interruption coverage, luggage protection, baggage delay coverage, coverage for travel medical expenses and Medevac protection for emergency medical evacuations. That said, you can also customize your coverage with any (or all) of the following add-ons:

Cancel for any reason coverage
Rental car protection
Lodging expense protection
Coverage for preexisting medical conditions

AIG Travel Guard offers three main international travel insurance plans to choose from with varying limits that can suit your needs best – a basic Essential plan, a mid-tier Preferred plan and a comprehensive Deluxe plan. These options make it easy to choose among existing plans yet also customize your coverage based on the specific limits you need for your trip.

Best for COVID-19 Coverage: Generali Global Assistance

Pros:

All plans include coverage for COVID-19
Customize your coverage to your needs
Cancel for any reason coverage available as an upgrade for some plans
Free 10-day trial period
A rating for financial strength from AM Best

Cons:

Coverage limits may be insufficient for lowest-tier plan
Rental car coverage only included in top-tier premium plan

Generali Global Assistance is a top provider for international trips, as well as for travel insurance plans with coverage for pandemic-related claims. This provider offers three different tiers of travel insurance coverage: a basic Standard plan, a mid-tier Preferred plan and a Premium plan. Each tier offers similar coverages, yet the limits are higher for Preferred and Premium plans.

For international trips, consider the Premium travel insurance plan from Generali. This tier of coverage includes the following:

Trip cancellation coverage for up to 100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the trip cost
Trip interruption coverage for up to 175{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of the trip cost
Travel delay coverage for up to $100,000
$2,000 per person in baggage protection
$2,000 in coverage for sporting equipment
$1,000 per person in protection for missed connections
Up to $250,000 in coverage per person for emergency medical and dental procedures
Up to $1 million in coverage for emergency assistance and transportation
$25,000 per person in rental car coverage
Accidental death and dismemberment coverage

This tier of travel insurance from Generali can also be customized with coverage that lets you cancel your trip for any reason and get 60{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of your prepaid travel expenses back.

Best for Adventure Travelers: World Nomads Travel Insurance

Pros:

24-hour travel assistance services included
Tailor your coverage options and limits to your needs
More than 150 sports and activities covered in every plan
Underwriters received an A rating or better for financial strength from AM Best

Cons:

COVID-19 coverage not included in every plan
Coverage limits within standard plans may be insufficient

World Nomads is a good option for international travelers who love adventure sports since this company intentionally provides coverage for more than 150 activities like scuba diving, mountain biking, bungee jumping, surfing, skiing and more. World Nomads also lets you tailor your travel insurance to your needs, but every plan includes coverage for trip cancellations and interruptions, emergency accidents and sickness, travel delays, delayed or lost baggage, and rental cars. Plans also include 24-hour travel assistance services, which can help you coordinate alternate travel arrangements or medical care if something goes wrong during your trip.

Many World Nomads plans also offer coverage for COVID-19, although you’ll want to read over the policy details for any plan you’re considering to make sure. With this coverage, you can be protected financially from costs involved in pandemic-related health care or quarantine if you test positive or get sick while overseas.

Coverage limits vary based on your state of residence and the plan you choose. With that in mind, you’ll need to get a free quote to see what World Nomads has to offer.

Looking for a way to compare insurance providers?

Best Comparison Site: Squaremouth

Pros:

Compare multiple travel insurance plans in one place
No added costs for using this tool to shop around
All plans have an A- rating or better for financial strength from AM Best

Cons:

Not an insurance provider
You’ll have to do research on individual travel insurance policies

Squaremouth is not a travel insurance company, but this website does make it easy to shop around and compare quotes for international travel insurance. This insurance platform lets you enter information about yourself and your upcoming international trip just once. From there, you can see how different plans stack up in terms of coverages, costs and any limits that apply.

The good news about Squaremouth is that it only offers plans from top insurance providers with an AM Best rating of A- or better. For example, you can use this platform to compare travel insurance policies from companies like Berkshire Hathaway, Generali Global Assistance, GeoBlue, Nationwide and more.

Just remember that, if you shop around and compare travel insurance plans on Squaremouth, you’ll still need to research individual companies and their coverage options before you settle on a plan.

Travel Insurance Frequently Asked Questions

How does international travel insurance work?

International travel insurance works the same as travel insurance for domestic trips. These plans include various coverage options and coverage limits, and a deductible may or may not apply. Travelers can choose to purchase international travel insurance for a single trip or multiple trips; long-term plans for missionaries and expats are available from some providers.

What should you look for in an international travel insurance policy?

While travel insurance policies can include a broad range of coverages, the main protections you’ll want for international trips include the following:

Trip cancellation and interruption coverage: This type of protection can reimburse you for prepaid travel expenses when a trip is canceled or interrupted for a covered reason beyond your control.
Baggage delay insurance: This coverage can pay for incidental expenses that occur when your bags are delayed for a specific period of time (usually six hours or longer).
Lost luggage coverage: This coverage can replace your luggage and your belongings or reimburse you for costs if your bags are lost by a common carrier.
Rental car insurance: This type of insurance may provide primary coverage when you rent an eligible rental car.
Emergency medical and dental coverage: This type of insurance will pay for emergency medical treatment or dental expenses that may arise during your trip.
Emergency evacuation coverage: This protection can pay for emergency transportation costs when you’re sick or injured during your trip.

Also note that many travelers opt to purchase travel insurance that offers cancel for any reason protection when booking an international trip. This type of coverage lets you cancel your trip for any reason at all, even if you just decide you don’t want to go.

That said, adding cancel for any reason coverage to your policy will make your travel insurance plan more expensive. Most plans also have limits on how much of your prepaid travel expenses can be refunded, which are usually capped at 60{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or 70{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of your trip costs.

What doesn’t travel insurance typically cover?

While coverages offered through travel insurance plans tend to be broad, keep in mind that this type of insurance won’t cover every situation that could arise. Some common issues that are not covered by travel insurance plans include:

Acts of war
Claims due to air or water pollution
Claims due to natural disasters
Epidemics not specifically included in coverage
Extreme, high-risk sports
Government regulations or proclamations
Nuclear radiation and contamination
Terrorist events
Travel bulletins or alerts

Should I use travel insurance from a credit card?

Many travel credit cards offer travel insurance benefits to cardholders, but you should know that these coverages have some limitations. For example, travel insurance plans from credit cards never provide meaningful amounts of coverage for medical emergencies or dental emergencies. Meanwhile, limits on other travel protections may be limited, and you have to pay for each trip with your travel credit card for coverage to apply.

With this in mind, you should make sure to research your plan and know what you’re getting before you rely on this protection for an expensive international trip.