Allianz Global Assistance sells a basic travel insurance policy called the Basic Plan that costs less than the company’s other plans. It provides compensation when delays, cancellations, health emergencies or luggage problems interfere with a long-distance trip.
If you need emergency treatment while traveling, Allianz will pay for transportation to the closest medical facility with suitable equipment. The basic policy limits this type of coverage to $50,000. It has a relatively low cap in comparison to other trip insurance plans.
The policy covers emergency health care up to $10,000. This limit is lower than their higher priced plans, but it provides sufficient cash to fund many treatments. Keep in mind that medical services often cost far less in Asia, Latin America and Africa.
If you suddenly develop a horrible toothache while vacationing in Thailand, travel insurance will come to the rescue. This policy pays for dental services worth a maximum of $500, but more expensive Allianz plans limit these expenses to $750.
When an unforeseen event forces you to cancel a trip or return home early, this plan refunds an unlimited amount of prepaid travel expenses for covered reasons. It covers more cancellation reasons than the average policy. Among other things, they include jury duty, sickness, disasters and terrorism.
Allianz Basic pays for lodging and other necessities when a flight departs at least six hours late. It restricts this coverage to $150 per day and a total of $300.
If your luggage reaches a destination at least 24 hours late, this plan will pay for necessary items worth up to $200. Some insurers don’t require baggage to arrive this late before they cover such purchases.
Loss of Baggage
When your luggage disappears or suffers damage, the Basic Plan covers up to $500 in losses. This maximum amount compares well with the limits of competing travel insurance policies. Allianz also compensates customers for stolen luggage.
If you accidentally damage a rented vehicle, the Basic Plan won’t pay for repairs unless you buy extra insurance. Allianz charges a per-day rate for this coverage. Its $40,000 cap supplies enough money to completely replace most autos.
What it Lacks
Unlike some trip insurance policies, the Basic Plan doesn’t cover missed connections or business equipment. It also lacks a death benefit for travelers who suffer fatal injuries in airplane crashes.
To sum it up, the Basic Plan policy offers moderately comprehensive coverage at an economical price. Don’t forget to compare this plan with several alternatives before signing up. To ensure that you understand the latest rules and payment caps, remember to read the terms and conditions.