What’s in My Travel Insurance Policy

I recently wrote a post called Why You Need Travel Insurance which was a big hit and got me thinking that I should share my own personal travel insurance policy and what it covers. I have the Allianz Global Assistance Annual Executive Plan and think it’s pretty awesome. Here’s why.
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First, I think an annual plan is the way to go. This way you know you’re covered for an entire year so you don’t have to worry each trip you take as long as you take 5-8 trips a year; which many business travelers and even leisure travelers do. This gives me peace of mind because I know I’m covered and also because I know I have travel assistance from Allianz Global Assistance in my back pocket in case I need it.
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Of course, you always hope you don’t need travel insurance but that’s the exact reason you should get it. You never know what can happen and you don’t want to get stuck with a huge bill in case something unfortunate does happen when you’re traveling.
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My personal policy covers the following up to the following amounts:

Trip Cancellation Protection $5000 – this provides reimbursement for non-refundable trip payments and deposits if trip is cancelled for a covered reason.

Trip Interruption Protection $5000 – this provides reimbursement for the unused, non-refundable portion of your trip and for increased transportation costs to get home.

Emergency Medical and Dental $50,000 – this provides coverage for losses caused due to medical or dental emergencies.

Emergency Medical Transportation $250,000 – to me this is the most important of all coverages; this covers you for transportation to nearest adequate medical facility and also for your transportation costs home-this can save you a fortune!

Baggage Coverage $1000 – this provides reimbursement of your luggage is lost or stolen while traveling.

Baggage Delay Coverage $1000 – this provides reimbursement for reasonable clothing, toiletries and other essentials if your baggage is delayed 24 hours or more.

Travel/Trip Delay Coverage $1500/$150 daily limit – this provides reimbursement for additional expenses, meals, accommodations etc. if your trip is delayed for 6 or more consecutive hours.

Change Fee Coverage $250 – this provides reimbursement for changing flight dates.

Travel Accident Coverage $100,000 – this provides a cash payment for covered losses due to death, loss of limbs or sight as a result of a covered accident. But even if you were to find more information about Miami accidents here and how much compensation they’re granted, you’d know that there can never be any good compensation for a life lost.

Business Equipment Coverage $1000 – this provides reimbursement for repair, loss or damage to business equipment if lost by your common carrier.

Collision/Loss Damage Coverage $45,000 – This covers costs of your rental car is stolen or damaged in a covered accident whether you are driving or it’s parked.

Business Equipment Rental Coverage $1000 – this provides reimbursement for reasonable rental costs if it has been lost, stolen or damaged by your common carrier.

My policy also includes 24-hour hotline assistance, a concierge, online policy modification and online filing and claiming. So you can see I am pretty covered in case anything happens and I definitely have peace of mind.
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Everyone needs travel insurance. It’s a risk you shouldn’t take lightly and just get it. Check out AllianzTravelInsurance.com and find the policy that’s right for you!
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Disclaimer: I have partnered with and receive financial compensation from Allianz Global Assistance. However, everything written in this post is from and based upon my own annual policy.

Comments

  1. Well you have right in your article. That is why I vote for it.

  2. James Defranco says

    Getting covered for something when I go traveling might actually be a good idea. I lost all of my luggage once because it was misplaced at the airport, not sure how that happened on their end! Anyway, I ended up having to replace all of my stuff myself and it wasn’t great, I might look into getting insurance when I go on my next trip!

  3. Jonathan Pound says

    Thanks for your information about travel insurance. I didn’t know that they also included coverage for your rental car. I’ll have to look into that the next time I plan a big trip.

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