Top 6 Best Travel Insurance Companies | 2017 Ranking | Top Holiday Travel Insurance Providers

2017 RANKING & REVIEWS
TOP RANKING TRAVEL INSURANCE PROVIDERS

Travel Insurance Providers Can Give You the Peace of Mind to Enjoy Your Big Adventure

You may scoff at the idea of a travel insurance policy, but think of how many other things we already insure. We have insurance for our homes, insurance for our cars, insurance for our health.

We insure our jewelry. We even insure our weddings. Wherever there’s the possibility to lose money due to unforeseen circumstances, there’s insurance.

When you consider how many things can make a trip go wrong, it’s almost shocking that more people don’t look for the best travel insurance companies.

You could get sick the day before your trip, have your flight grounded due to severe weather conditions, or lose your luggage on the way to your destination.

Spending your week abroad in bed or making endless calls about your bags is not how you want to spend your trip.

This is where holiday travel insurance comes in handy. Instead of worrying about the catastrophic what-ifs, you can spend the weeks leading up to your trip packing, daydreaming, and planning, knowing that you are covered by the best holiday insurance.

Award Emblem: Best Travel Insurance Companies

What Is a Travel Insurance Policy?

A travel insurance policy is meant to cover you in case of a travel-related loss and help you mitigate the risks associated with travel. Travel insurance companies offer a variety of holiday travel insurance packages.

You can get a travel insurance policy that simply covers the cost of your flight in case anything goes wrong. Many airlines allow you to purchase this online at the same time you book your flight. The best travel insurance companies offer bundled packages that include travel cancellation insurance, trip interruption insurance, and medical evacuation insurance.

The far reaching impact of political events and health crises have made travel insurance companies more popular among consumers. The costs associated with food, lodging, and transportation when a trip is derailed (even if some of the costs are covered by the airline) can quickly add up.

Throw in a medical emergency, and you may be looking at thousands of dollars in unexpected expenses. According to the U.S. Department of State, medical evacuations abroad can cost upward of $10,000, depending on the location and circumstances. Getting a plan through a travel insurance company can help ensure getting medical attention does not lead to financial ruin.

In some cases, you may want to cancel a trip to a destination that is facing a health crisis that your airline does not recognize as an acceptable reason for a refund. This is where a comprehensive policy from a travel insurance company can be especially useful.

Research Travel Insurance Companies Before Taking off

For the cost of one night’s stay at a hotel, you can pay for the peace of mind that comes with getting a plan through one of the best travel insurance companies. If you are planning to spend a fortune on a month-long adventure or a dream honeymoon, getting holiday travel insurance is a smart move.

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AdvisoryHQ’s List of Top 6 Travel Insurance Providers

List is sorted alphabetically (click any of the best travel insurance companies below to go directly to the detailed review section for that travel insurance company):

• AIG (My Travel Guard)
• Allianz Global Assistance (Classic Plan)
• CSA Travel Protection (Custom Luxe)
• Seven Corner (Round Trip Elite)
• Travelex (Travel Select)
• USI Affinity (Plus)

Top 6 Travel Insurance Providers | Brief Comparison

How to Identify the Top Travel Insurance Companies

There are many travel insurance companies out there that feature several holiday travel insurance packages. Even if you are sold on the idea of a travel insurance policy, how do you know how much you need?

Here are a few of the features that are essential when looking for travel insurance providers.

Travel Cancellation Insurance

You could be the most organized traveler, but there are some things you simply can’t prepare for. Death, illness, or severe weather conditions are a few of those things. Getting travel cancellation insurance allows you to have the cost of your trip reimbursed through the best travel insurance companies if you have to cancel your trip for a covered reason.

Keep in mind, you have to make sure you are cancelling for a covered reason. If you’ve simply changed your mind about where you want to go or you just don’t want to travel anymore, your travel insurance policy is not a refund option. Check your Certificate of Insurance to confirm what reasons are covered.

Emergency Medical Insurance

Illnesses and injuries do happen on trips. This kind of awful situation is only made worse if you have to deal with medical expenses in a foreign country where you do not have coverage.

Emergency medical holiday travel insurance is essential and can prevent you from being stuck with a massive medical bill.

This kind of holiday travel insurance for medical needs usually includes the following, sometimes for an additional fee:

• Emergency medical transportation coverage
• Dental coverage

Lost or delayed baggage coverage

If your baggage is lost or delayed, you want a travel insurance company that will provide you with a daily stipend for getting by until your belongings are returned to you (or if you need to replace those belongings entirely).

Of course, there are a number of other coverage options, including coverage for a missed connection or for damaged travel documents. You will find these included by some of the travel insurance providers on our list of the best travel insurance companies.

In our article, we have used the following information when accessing quotes for our comparison table and reviews of the best travel insurance providers.

Table: Variables for Quotes Used in this Best Travel Insurance Provider Article

AdvisoryHQ Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.

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Detailed Review – Top Ranking Best Travel Insurance Companies

Below, please find the detailed review of each plan on our list of the best travel insurance companies. We have highlighted some of the factors that allowed these travel insurance providers to score so highly in our selection ranking.

AIG’s My Travel Guard Review

AIG is one of the best travel insurance companies. They offer a number of packages. For this review of the top travel insurance companies, we will be focusing on their My Travel Guard package.

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My Travel Guard is one of the best holiday insurance plans, and it comes with the following coverage:

• Trip Cancellation
• Trip Interruption
• Coverage for illness/injury/death of a family member or traveling companion
• Coverage for unannounced strike
• Coverage for inclement weather
• Coverage if home is uninhabitable by fire or weather
• Coverage for military duty
• Trip Delay
• Missed connection
• Medical expenses
• Deductible
• Emergency evacuation
• Lost/stolen/damaged baggage and travel documents
• Baggage delay
• Travel medical assistance
• Emergency travel assistance
• Worldwide travel assistance

Understanding the Details of Your Travel Insurance Policy

• Trip Cancellation/Interruption: Your travel cancellation insurance will cover 100% of your trip if it is cancelled for unforeseen events that are listed in your Certificate of Insurance.The same conditions apply for your trip interruption coverage in your My Travel Guard travel insurance policy.
• Trip Delay: If you don’t need the full payout of your travel cancellation insurance, but you do incur expenses due to a delay, the travel delay coverage in My Travel Guard will give you $100 a day (up to $500) to help cover those incidentals.
• Missed Connection: Those with a comprehensive travel cancellation insurance plan have $500 coverage included in this package.
• Medical Expenses: All the top travel insurance providers (even their most basic packages) will have coverage for potential medical expenses.
  My Travel Guard comes with up to $10,000 of coverage. In order to get this payout, the illness must start or the injury must be sustained while on the trip.
• Emergency Evacuation: Emergency evacuations that take place due to an illness or injury while on the trip are covered up to $100,000 by this top travel insurance. To be eligible, the insured must be at a destination at least 100 miles from their primary residence.

Allianz Global Assistance Classic Plan Review

Allianz Global Assistance offers three top travel insurance options: the Essential Plan, the Basic Plan, the Classic Plan, and the Classic Plan with Trip+. As one of the best travel insurance companies, this company also offers a number of annual plans. This article on the best travel insurance providers will focus on the Classic Plan, which is their most popular plan.

The Classic Plan is one of the best holiday insurance plans, and it comes with the following areas of coverage:

• Trip cancellation
• Trip interruption
• Emergency medical
• Emergency medical transportation
• Baggage loss/damage
• Baggage delay
• Travel delay
• Missed connection
• Change fee coverage
• Frequent traveler loyalty plan

Understanding the Details of Your Travel Insurance Policy

Even when you are dealing with the top travel insurance companies, it is important to carefully read the details of your holiday travel insurance to understand exactly what your coverage extends to. Here are a few of the details related to the coverage in this plan by one of the best travel insurance providers.

The top travel insurance companies will make their Certificate of Insurance available to you so that you can understand the exact conditions of your coverage. This will outline under which circumstances the holiday insurance companies will reimburse the cost of your cancelled trip or cover your medical expenses.

• Trip Interruption: Your holiday travel insurance will cover the unused, non-refundable part of your trip and give you the money needed for additional costs related to getting back home for covered reasons.
• Emergency Medical: Like any holiday insurance companies, your Allianz Classic Plan will cover you up to the insured amount for injuries or illnesses that occur during the trip.
  Like most of the best travel insurance companies, this plan also provides a little bit of coverage for dental costs ($500 or $750) sustained as a result of the trip.
• Emergency Medical Transportation: You want travel insurance providers that will have you covered in case you need to pay for a pricey medical evacuation or transportation method. This plan will cover you for up to $500,000.

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CSA Travel Protection Custom Luxe Review

CSA Travel Protection is another one of the holiday insurance companies on our list of the best travel insurances companies. They offer a Custom Luxe package that can be extremely helpful in the case of a travel emergency.

This Custom Luxe Package from CSA Travel Protection, one of the top travel insurance providers, comes with the following types of coverage:

• Trip cancellation
• Trip interruption
• Travel delay
• Baggage
• Baggage delay
• Mission connection
• Medical and dental
• Emergency assistance and transportation
• Accidental death and dismemberment – air flight accident
• Accidental death and dismemberment – travel accident
• 24-hour emergency assistance services
• On demand medical care
• Concierge services

Understanding the Terms of Your Agreement with the Best Travel Insurance Providers

• Trip Delay: If you are delayed six hours or more due to a covered reason, this is one of the travel insurance providers that will provide $150 daily per person on the plan, up to $1,000.
• Baggage Delay: If your baggage is delayed for more than than 24 hours, this is one of the travel insurance companies that will give you $500 per person to deal with the inconvenience and replace items in your missing luggage.
• Emergency Assistance and Transportation: This is one of the holiday insurance companies that will cover the costs of transportation to the nearest suitable medical facility or to be transported back home if it is medically necessary.

Seven Corners RoundTrip Elite Review

Seven Corners is one of the best travel insurance companies that offers different packages with different areas of coverage. Even within each of the different packages, you can customize them based on coverage amount per category so that you can find holiday travel insurance that fits into different budgets.

For this review, we will be focusing on the Roundtrip Elite page. This holiday travel insurance package comes with the following areas of coverage:

• Trip cancellation
• Trip interruption
• Trip delay
• Missed connection
• Emergency accident and sickness medical expense
• Emergency dental expense
• Emergency medical evacuation/repatriation
• Lost/stolen/damaged baggage
• Baggage delay

Understanding the Terms of Your Agreement with the Best Travel Insurance Providers

• Emergency accident and sickness medical expense: Any costs incurred due to a sickness that starts during your trip or an injury sustained during your trip receives coverage of up to $250,000 with this plan from one of our best travel insurance providers.|
• Emergency dental expense: Dental injuries sustained during your trip are covered up to $750 by this holiday travel insurance.
• Emergency medical evacuation/repatriation: In case of a medical emergency, you may want to head back home, or you may only be able to receive the kind of medical care you need back in the United States.In this case, this is one of the top travel insurance companies that will cover you up to $1,000,000 in this circumstance.

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Travelex Travel Select Review

Like the other top travel insurance companies on this list, Travelex offers a number of holiday travel insurance plans. One of their best holiday insurance plans is their Travel Select plan. This is the plan we will focus on in this review.

Here are the features that come with this Travel Select plan:

• Trip cancellation
• Trip interruption
• Trip delay
• Missed cruise connection
• Baggage
• Baggage delay
• Medical expense benefits
• 24 hour AD&D
• Travel assistance

Understanding the Terms of Your Agreement with the Best Travel Insurance Companies

Be sure to carefully review Travelex’s Description of Coverage to understand under what circumstances you will be covered. For instance, just because your travel cancellation insurance comes with 100% coverage does not mean you will be covered 100% of the time. Your specific situation needs to fall under a covered reason in your holiday travel insurance agreement in order to receive coverage.

USI Affinity Plus Package Review

The final company on our list of the top travel insurance companies is USI Affinity. Like many of the best travel insurance companies in this article, USI Affinity offers a number of packages. For the purposes of this review of the best travel insurance providers, we will focus on the Plus package.

The USI Affinity Plus Package comes with the following features:

• Trip cancellation
• Trip interruption
• Travel delay
• Accident and sickness medical expense
• Emergency medical evacuation
• Baggage loss

This top travel insurance plan also comes with emergency dental expenses for up to $750. Be sure to carefully review the Certificate of Insurance for the Plus plan to get all of your details and coverage straight.

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Conclusion – Travel Insurance Providers Allow for Smooth Sailing (or Flying!) During Your Trip

If a trip is going to cost you thousands of dollars, it only makes sense to add another couple hundred in the form of the best holiday insurance to protect your money. Even the best travel insurance companies can’t give you a do-over of your trip, but they can ensure you do not incur additional expenses or fall into a financial hole dealing with unexpected events.

So right after you book that flight and reserve a room at that gorgeous resort, be sure to look for the top travel insurance companies.