What factors should you keep in mind while looking for a travel insurance provider? Is it the coverage, the cost, the duration of trip covered? Today we’re going to be looking at the top 10 best travel insurance companies and what makes them the best in the business.
10 Best Travel Insurance Providers
Travelex has some of the most comprehensive policy coverage of any travel insurance company we evaluated. While medical coverage is present as should be in every major travel insurance provider, Travelex also covers your trip for $500,000 for medical or emergency evacuations. All other necessary coverage such as missed flights, lost baggage and more is available. Also, consider that Travelex insurance is applicable to all children below the age of 21 in your family travelling with you.
If you are going for a short trip by yourself and you want the travel insurance to be as simple as possible, John Hancock is the travel insurance provider you need. Their contracts are simple to understand, straightforward, and affordable. They even have almost all the standard coverage required to make it into the top 10 best travel insurance companies list.
One of the leading providers of travel insurance in the United States. The company is an A+ rated firm. It also provides its consumers with the best price for the products as compared to its competitors. Travelinsurance.com also has a healthy network of providers. The rates for travel insurance on the site is some of the cheapest anywhere in the world.
4. Roam Right
Good travel insurance prices, convenient and easy to use mobile app, and a large number of coverage options put Roam Right on the 4th spot. It also provides excellent customer support for its travel insurance services both domestically as well as internationally.
5. AIG Travel
One of the leading travel insurance companies in the US and Canada. AIG Travel provides a lot of options to choose from and provides a competitive price for them all.
With their excellent customer service, the Berkshire Hathaway Travel Protection company has won the hearts of millions of customers. The company also provides a broad spectrum of coverage options with several more options to upgrade.
If you are looking for an adrenaline rush, but also like to play it financially safe, IMG is the company for you. They specialize in providing travel insurance for exotic locations where extreme sports are definitely on the agenda. They cover their risks of higher injury probability by pricing the travel insurance more than average.
If you plan to be on holiday for more than half a year you should consider using the services of Allianz Global Assistance. Their services cover most parts of the world and the validity of the policies can last up to one year or more depending on the agreement you’ve reached.
Generali has the financial backing to be able to provide insurance covers worth more than a million for emergency evacuation services. They also provide several other top-notch coverage options that should be given their due.
If you are looking for a low-cost travel insurance April is your best bet. While you only get comprehensive trip cost protection you also have affordable upgrade options to cover more as per your need.
The most important thing for you to remember is that the best travel insurance policy for you will be the one that meets your needs the best. We bet after all your research online (which we recommend you definitely do), you’ll still end up shortlisting a travel insurance company on this list.