What is Traveling Insurance?
Traveling insurance offers protection of your travel investment in case you have to cancel for covered reasons.
It provides protection of your property when you are away from home.
Home insurance usually does not cover losses when you travel.
Think of traveling insurance as medical cover in case you get sick on the road.
Traveling Insurance – Overview
We will review cancellation benefits and medical benefits in more detail as they are often the most interesting.
Traveling Insurance – Basic Cancellation Cover
Our trips, whether at home or abroad, can be expensive. If we have to cancel, travel insurance can guarantee a refund. The cover you will get with each travel insurance policy will cover you for ‘Tragic Events’.
- Accident, illness, or death of you, a traveling partner, business partner, or family member
- Jury duty
- Legal appearance
- Traffic accident en route to airport
- Death or hospitalization of your host at your travel destination
- Job loss
- Bankruptcy of your travel provider
You should receive 100% of your costs with this cancellation cover. These events that are covered happen infrequently.
Traveling Insurance – Advanced Cancellation Cover
Many of us would like to have more advanced cancellation cover. Imagine if your boss cancels your vacation. Regular cancellation benefit is not going to help. Cancel for Work Cover is what we need.
There are also circumstances when we simply just need, or want, to cancel. The wedding gets cancelled, or the reunion is postponed, for example. Then, Cancel for Any Reason cover really comes to help us.
Traveling Insurance – Medical Cover
Although we all tend to have medical cover at home, it often does not help us when traveling.
Within the United States, it can be difficult to use our health benefits out-of-state. Even if we can, there tend to be restrictions or higher than normal co-pays.
Many of us travel abroad. As a general rule, our home health insurance does not work abroad. Without adequate travel medical insurance in place we put ourselves at great financial risk in the event of an expensive hospitalization.
This is all magnified when we look at an intercontinental medical evacuation. There is no way that any rational person wants to pay that type of bill.
When we travel we wish to see at least $100k in medical cover and $250k in evacuation cover.
Traveling Insurance – One Site – Multiple Carriers
Any of us who have used a site like Amazon or Expedia already know how simple comparison-shopping can be. Sites like AardvarkCompare do exactly the same for Travel Insurance. So, when buying trip insurance, would you prefer to go to each insurance carrier directly? Or, would you like an Amazon experience and have every major policy in one place?
Traveling Insurance – Why Compare?
Each insurance carrier has its own set of insurance products, which have their own pricing. At Aardvark we typically like to compare around 30 different insurance plans for our customers. Most of these plans can be divided into Silver, Gold or Platinum types of cover. Silver is basic, Gold is normal, Platinum has more cover. Platinum would tend to incorporate Cancel for Work and Cancel for Any Reason benefits.
So, a customer can see different levels of cover that would be appropriate for a trip. They can compare those levels of cover. And, more importantly, they can check the prices for each plan. Most people buy the Gold Plan. So they would choose from:
TII Worldwide Trip Protector
Travelex Travel Select
All of these are great plans, and have very similar levels of cover.
So when buying trip insurance, which should you choose?
Personally, we would always choose the least expensive.
That’s the beauty of insurance comparison – you get to see all the best prices in the market.
What is Traveling Insurance – Do Comparison Sites Charge More?
You won’t find the same trip insurance plans available at a better price – price certainty is guaranteed as a result of anti-discriminatory insurance law in the US. Take a look at Travel Insurance Comparison – Will I Pay More Buying Travel Insurance from a Comparison Website? This is really powerful consumer protection.
A travel insurance marketplace like AardvarkCompare will offer a multitude of different plans from some of the most respected travel insurance carriers in the country. You will only need a few minutes to check value for money, cover, and insurance carrier ratings.
What is trip insurance? It’s relatively inexpensive cover in the event that something goes wrong before or during a trip.
Recent AardvarkCompare Travel Insurance Customer Reviews
I Panicked When I Discovered
I panicked when I discovered the Travel Insurance I had through Expedia had expired when I changed my flight reservation.
When I went to renew I was told I couldn’t.
I discovered Aardvark on my AARP site and I was excited I could purchase an even better travel plan with cover starting with my trip departure, at a cost I could afford.
I was confused with the initial site and Mr. Breeze reached out to me for clarification.
He explained the policy more thoroughly and addressed all my concerns, can’t get any better than that!
Thank You Aardvark and thank you Jonathan for your assistance.
I can go on my trip now knowing I’ll be covered for medical emergencies and then some.
Good Choices, Well Explained
I liked the way insurance was explained. I had read an article your company had written explaining Expedia trip cover versus other choices.
I used this advice to make the best choice for me and my traveling companions. That choice was to take a policy that provided much better medical and evacuation primary care.
Your site allowed comparisons, and I think I got the best value for my money. I don’t like constant follow up emails, though. You could back off a bit!!