Trip cancellation insuranceĪs soon as you buy a travel insurance plan that includes trip cancellation insurance, you’re covered if you need to call off your trip because of a reason listed in your policy. To ensure you have adequate financial protection for your trip, your travel insurance policy should include the following travel insurance coverages. Theft of your personal belongings while traveling.Ī comprehensive travel insurance plan bundles several types of travel insurance coverage, each with its own limits.Illness or death in your family that requires you to stay home or cut your trip short.Bankruptcy of a travel company, such as your airline or tour operator.Travel insurance coverage varies by plan, but in general travel insurance covers costs associated with these problems: Travel insurance covers your prepaid, nonrefundable trip costs - as well as extra money you may need to spend due to unforeseen circumstances and emergencies - both before and during your trip. Some travel insurance companies may offer plans with additional benefits or lower prices than the plans that scored the highest, so make sure to compare travel insurance quotes to see your full range of options. Travel insurance plans that have a required waiting period for hurricane and weather coverage of 12 hours or less received 5 points. Hurricane and severe weather: 5 points.If a travel insurance plan allows you to cancel your trip for work reasons, such as your boss requiring you to stay and work, we gave it 5 points. We gave 5 points to travel insurance policies with travel delay benefits that kick in after a delay of 6 hours or less. Travel delay required waiting time: 5 points.We gave points to travel insurance plans with optional “cancel for any reason” coverage that reimburses up to 75%. “Cancel for any reason” upgrade: 5 points.Travel insurance plans with missed connection benefits of $1,000 per person or more received full points. We gave full points to travel insurance policies that cover pre-existing medical conditions if certain conditions are met. Pre-existing medical condition exclusion waiver: 10 points.Travel insurance policies with medical evacuation expense benefits of $500,000 or more per person were given the highest score of 10 points. We scored each plan’s emergency medical evacuation coverage by coverage amount. Travel insurance policies with emergency medical expense benefits of $250,000 or more per person were given the highest score of 10 points. We scored travel medical insurance by the coverage amount available. We scored the average cost of each travel insurance policy for a variety of trips and traveler profiles. Insurers could score up to 100 points based on the following factors: For companies with more than one travel insurance plan, we shared information about the highest-scoring plan. Our insurance experts reviewed 1,855 coverage details and 567 rates to determine the best travel insurance of 2024.
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