Travel insurance has become an even more important component of travel over the past several years. Any seasoned traveler knows that a good travel insurance policy is well worth the peace of mind to protect against the unexpected travel “snafu”. But with so many available travel insurance options, it can be difficult to choose the right policy. This guide provides details on the Preferred Plan from AIG Travel Guard, a leading global insurance company with a solid reputation.
AIG Travel Guard Preferred Plan
The AIG Travel Guard Preferred Plan provides a full range of coverage that can address many of the most common travel issues that can arise before or during a trip. This plan offers a perfect balance between premium benefits and limits for expensive trips and affordability for travelers on a budget. The Preferred Plan also offers an extensive set of optional upgrades to enhance the coverage when you need it.
Under this plan, trip cancellation is covered up to 100% of the insured trip costs. Travelers should always read their policy’s insurance certificate carefully to understand what constitutes a covered cancellation. To adequately cover any unforeseen cancellation, customers should purchase the Cancel for Any Reason enhancement to their policy. A Cancel for Any Reason will give you the most flexibility to cancel a trip as long as you do so no less than 2 days prior to your departure date. To purchase the Cancel for Any Reason optional upgrade, you must insure 100% of your pre-paid and non-refundable trip costs and purchase the plan and upgrade within 15 days of your initial trip deposit date.
In the case of a trip interruption due to sickness, death, or injury, the Preferred Plan covers up to 150% of the cost of the trip, which can be a huge relief for anyone facing the disappointment of having to wrap up their trip earlier than originally planned. If an insured traveler must be hospitalized, airlifted, or evacuated during their trip, the Preferred Plan covers these circumstances. Additionally, the insured is covered for up to $750 for travel expenses to return to their home destination in the case of interrupted travel.
Another exceptional element of the Preferred Plan is the Trip Saver benefit, which offers up to $2,500 to cover the additional costs of moving up your departure date to an earlier date because of inclement weather. The amount covered can be used to defray expenses for hotels, airfare, and meals. In addition, if travel is delayed due to weather or other covered reasons, coverage kicks in. The traveler may be covered up to $800 if their journey is delayed for more than five hours.
If a traveler must consider a trip exchange due to cancellations or other covered reasons for a trip cancellation, this is covered up to 50% of the cost of the trip.
Travel is exciting and worth every penny a traveler spends on it, but sometimes, there can be some significant inconveniences that come with travel. The Preferred Plan also offers a unique Inconvenience Benefit of up to $250 per unforeseen event, or $750 in the aggregate, for the unforeseen events listed below and offers an optional upgrade to add eleven more unforeseen events to the coverage:
- Flight cancellations
- Flight delays
- Runway delays
- Cruise and River Cruise diversions
And with the optional upgrade:
- Closed attractions
- Missing work
- Flight diversions
- Rental vehicle breakdowns
- Bed rest
- Hotel infestation
- Hotel construction
- 24-hour baggage delays
- 12-hour trip delays
- Three-hour rental home lockout
- Cancellation of debit or credit card
Missed Connection benefits cover up to $1,000, but it is essential to note this is only payable if the missed connection is the fault of the airline carrier, not the traveler. It is recommended that you leave plenty of time between connections to avoid added costs to the traveler.
Lost baggage is every traveler’s worst nightmare, but with AIG, lost bags are covered up to $1,000 and baggage delay up to $300. Travelers with this policy can rest easy knowing their possessions can be replaced.
It is never ideal, but sometimes a medical or dental issue arises during a trip. In this case, AIG Travel Guard customers with the Preferred Plan are covered up to $50,000 for medical expenses and up to $500 for dental expenses. If the medical issue is serious enough, an emergency evacuation may be necessary. In the event of a medical evacuation, the insured is covered up to $500,000. This also applies if the traveler dies during their trip, and their remains must be repatriated.
Accidental Death and Dismemberment Coverage is a significant benefit in case a traveler dies or is dismembered during their trip. The traveler, in this case, is covered up to $30,000.
Ancillary Evacuation Benefits cover any other costs that could arise due to being evacuated from a travel destination. This covers up to $5,000 and includes transportation and baggage return.
Along with the covered benefits, there are several additional options that can be added to the policy. The Pre-Existing Medical Condition Exclusion Waiver is available if certain eligibility requirements are met, and worthwhile for travelers with medical conditions that preceded the trip date. Travelers can qualify for this waiver within 15 days of making their first trip payment and if they insure 100% of their pre-paid and non-refundable trip costs.
Other add-ons to the policy include Cancel for Any Reason, Adventure Sports, Inconvenience Bundle, reimbursing for closed attractions, bug infestations at accommodations, and more. Additionally, Baggage, Pet, Security, and Wedding Bundles can be purchased and added to the policy.
No matter the travel and insurance budget, savvy travelers who plan for any eventuality purchase trip insurance. Those who purchase travel insurance through AIG Travel Guard can feel confident that their travel, health, and safety will be insured for the duration of their trip.