How to Obtain Travel Insurance
Finding travel insurance is usually a simple process; however, it will vary depending on where you obtain it.
Yes, there are some travel credit cards that may offer certain travel insurance benefits to cover trip delays, stolen or lost baggage, emergency travel assistance, and other unexpected situations that may arise during your travels.
Some examples of travel reward credit cards with travel insurance include Chase Sapphire Preferred, the Platinum Card from American Express, and Bank of America Premium Rewards. The Chase Sapphire Preferred card has an annual fee of $95, and it offers trip cancellation/trip interruption insurance.
This type of travel insurance from this rewards credit card offers a coverage amount of $5,000 per trip, with a limit of $10,000 per occurrence and a maximum of $20,000 every 12 months. Both the cardholder and immediate family members are covered under this travel insurance policy. Additionally, the Chase Sapphire Preferred card also offers baggage delay insurance, which reimburses you for baggage delays up to $100 per day for five days.
Travel Agents and Websites
You can purchase travel insurance through travel agents and certified websites. For example, if you decide to go through a travel agent, they will typically earn a commission for selling a trip package or travel insurance, but they’ll have better insight into deals, promotions, and other offers to help you save on a trip. According to a study by the American Society of Travel Agents, travel agents can save travelers an average of $452 as well as several hours of trip planning time. Costs for booking a trip will vary, and depending on your coverage or medical needs, the type of travel insurance that you need will also vary.
Alternatively, if you don’t mind doing the research yourself, you can visit sites such as booking.com to simply book a trip and pick a travel insurance package from a travel insurance company like Allianz Travel. If you’re going through an agency or travel website, do your research and make sure it’s a legitimate and reputable travel agency or provider. If you’re using a website such as travelinsurance.com, you can enter your information and buy insurance directly from approved insurers through the website.
Travel Insurance Companies
You can get an estimated quote for different types of travel insurance through a reputable travel insurance company. For example, Travel Guard is a leading travel insurance company that provides travel insurance to individuals who are traveling for fun or business purposes. They provide travel medical assistance, emergency travel services, and other types of travel insurance.
Most travel insurance companies will provide free quotes and ask questions about the country of destination and mode of travel, the duration of the trip, and the number of travelers. For instance, I input two travelers through Travel Guard’s online quote system for a three-month trip to Bangladesh, with an estimated total trip cost of $18,000 via airplane.