Travel insurance company?

[vnfilm]

We are looking to buy travel insurance for our coming trip to Bali next year (2016). I read the policy and narrow down to 2 companies: Travel Guard and Allianz Global Assistance. Our trip is 10 days long

Here is the quote & coverage: $136 ( including $8 upgrade for emergency medical transportation)
A) Allianz Global Assistance:
BENEFITS and COVERAGE of Basic plan

Trip Cancellation: $1,000
Trip Interruption: $1,500
Emergency Medical: $25,000
Emergency Medical Transportation: $500,000
Baggage Loss/Damage: $1,000
Baggage Delay: $300
Travel Delay: $800
Missed Connection: $800
Change Fee Coverage: $250
Frequent Traveler Loyalty Plan: $250
24-Hr Hotline Assistance Plus: Included
Existing Medical Condition: May be included; restrictions apply.

B) Travel Guard (Cover by AIG )- Cost $126/ for 2 people with $1500 total trip cost per person


100% Trip Cost | Trip Cancellation: Reimburses forfeited, non-refundable, unused payments or deposits up to the Maximum Limit shown on the Schedule of Benefits for Trips that are canceled prior to the scheduled departure date.

100% Trip Cost | Trip Interruption: Reimburses forfeited, non-refundable, unused payments or deposits up to the Maximum Limit shown on the Schedule of Benefits for Trips that are interrupted after the scheduled departure date.

$500 | Trip Interruption - Return Air Only: Reimburses the additional airline transportation expenses incurred by you to reach the return destination for trip interruptions.

$500 | Trip Delay: Reimburses up to $100 per day/per person up to the Maximum Limit shown on the Schedule of Benefits for reasonable additional expenses if the insured is delayed for more than 12 consecutive hours due to a covered reason.

$750 | Baggage & Personal Effects: Can reimburse you if your baggage or personal effects are lost, stolen or damaged while on your Trip, subject to the Maximum Benefit. This coverage is in excess of any other coverage or indemnity. $50 Deductible

$200 | Baggage Delay: If your Baggage is delayed more than 24 hours, you can be reimbursed for the purchase of Necessary Personal Effects, subject to the Maximum Benefit.

$15,000 | Accident Sickness Medical Expense*: Pays up to the Maximum Benefit shown on the Schedule of Benefits for necessary medical expenses due to Injury or Sickness incurred while on a Trip. Initial treatment must be received during Trip. Pays for emergency dental expenses during the trip due to injury to sound, natural teeth while on the trip. Covers medical and surgical treatment by a licensed physician; professional nursing, hospital, x-ray and ambulance services during your Trip provided initial treatment was received during the trip. $50 Deductible

$150,000 | Emergency Evacuation and Repatriation of Remains*: Covers evacuation and transportation as directed by a Physician to the nearest adequate medical facility (home in the event of death or if medically required). Pays for special medical escort if recommended in writing by the attending Physician.

This is the first time we buy travel insurance for our trip and not sure which plan work best. If you have bought your travel insurance with either company, please share your experience and advise .

 

[VacationForever]

I have bought from both and for our current trip, with Allianz. I have never made a claim but I like Allianz's high medical evacuation and medical emergency overage. I really don't care for everything else. I have read enough about how evacuation can cost 250K to 500K so, the higher the coverage amount the better.

 

[donnaval]

I also check to see whether the medical coverage is primary or secondary, and I spend a little more to get up to double or triple the coverage - as an example, a trip I'm pricing out now there's a difference of $12 between a policy with $35,000 emergency medical and $50,000 medical evacuation, vs $100,000 medical and $500,000 medical evac/repatriation. To me it's a no-brainer to spend such a small difference for the better coverage.

 

[presley]

I had a claim with Allianz before and it worked out fine. However, mine covered full cost of the trip ($3,000) and I noticed yours only covers $1,000 for cancellation. If your trip costs more than $1K, you'll be very disappointed to only get $1,000 back if you have to cancel.

 

[cgeidl]

Yearly policies avaiable

We just purchased the Allianz yearly policies as we usually make at least two or three flight trips a year. At age 75 was around $250 each with a smaller $100,000 for emergency flights. The cancellation amount was $3000 each which will cover even frequent flyer cancellation. I noted many complaints of non payment from all the companies. Must follow the procedures faithfully and within the timeframes. Like all insurance hope you never need to use it.

 

[vnfilm]

@ ALL, Thanks for your inputs .

@ cgeidl,

I don't know I have an option to purchase annual insurance . Will read the Allianz policy and website again. Thanks for pointing out.

 

[ilene13]

If you are doing timeshare travel look into Vacation Guard's annual timeshare plus policy. It covers a full year of trips and everyone who is with you. We had a medical claim last year and it was paid within a week of filing the claim.