AIG Travel Insurance Review | 2023

As the world continues to recuperate from the COVID-19 pandemic, more tourists are checking out worldwide dream locations. Unfortunately, this rush of interest has actually increased costs on basics like airline tickets and hotels. Travel insurance coverage offers you with a repayment for any non-refundable travel expenditures if you’re required to cancel your journey.

AIG Travel is an across the country travel insurance coverage company that provides a variety of journey insurance coverage choices. From all-encompassing prepare for worldwide world travelers to economical last-minute protection for unexpected journeys, AIG has actually a personalized option for the majority of tourists. But is this company your finest option?

We at the MarketWatch Guides Team have actually put AIG’s travel insurance coverage prepares to the test to identify their worth. Read on to learn more about AIG’s travel insurance coverage strategies, what you’re most likely to spend for protection and how you can learn more about guaranteeing your next journey.

AIG is a respectable insurance company using an outstanding choice of varied travel insurance coverage strategies. While AIG makes leading marks when it concerns protection variety, its policies’ greater expenses might make it costly for some tourists. For budget plan tourists, we advise its limited-coverage Pack-N-Go strategy, available from $28 per expedition.

Most consumer grievances connected to AIG’s travel insurance coverage department handle rejected claims. Review the protection additions and exemptions completely prior to signing onto a strategy to prevent aggravation and confusion ought to you require to utilize your strategy’s advantages. If you’re preparing a more pricey journey and you’re willing to pay a bit more for all-encompassing protection, AIG deserves thinking about.

AIG Travel’s main item is its detailed worldwide AIG Travel Guard travel insurance plan. AIG Travel provides 3 strategy choices for the majority of journeys.

• Deluxe: The Deluxe Plan is AIG’s high-grade travel insurance coverage alternative, finest matched for worldwide tourists seeking to guarantee a costly getaway. Highlights of this strategy consist of 150% protection for journey disruption protection, $150,000 in medical expenditures protection, $1 million in emergency situation evacuation protection, and approximately $1,000 in journey hold-up protection. The strategy consists of detailed compensation rates for luggage hold-up and luggage loss, in addition to charge card compensations if you encounter identity theft problems abroad.
• Preferred: The Preferred Plan provides mid-tier protection, stabilizing cost and defenses. Highlights of this strategy consist of 150% protection for journey disruption protection, $50,000 in medical expenditures protection, $500,000 in emergency situation evacuation protection, and approximately $800 in journey hold-up protection. The strategy likewise consists of restricted protection for luggage loss and hold-up.
• Essential: The Essential Plan is AIG’s the majority of economical protection alternative, with less defenses. The strategy consists of 100% protection for journey disruption protection, $50,000 in medical expenditures protection, $150,000 in emergency situation evacuation protection, and approximately $800 in journey hold-up protection. However, the policy does not consist of a cancel for any factor (CFAR) alternative.

In addition to the 3 basic Travel Guard choices, AIG has 2 specialized prepare for tourists with special requirements.

• Pack-N-Go: Pack-N-Go travel insurance coverage offers instant travel insurance protection for unexpected or unexpected journeys. Coverage is less inclusive than the Travel Guard Essential. For example, journey disruption protection maxes out at 100% of the journey worth or $1,000, whichever is lower. This holds true for all expeditions, despite overall cost. While Pack-N-Go protection consists of more exemptions, it is economically priced and you can purchase it approximately the day you take a trip.

• Annual Travel Insurance Plan: If you’re a regular tourist, AIG provides a yearly itinerary that provides basic defenses without the requirement to purchase a policy each time you leave the nation. The yearly strategy consists of journey cancellation protection for 100% of journey costs approximately $2,500, approximately $500 in missed out on connections protection, approximately $1,500 in journey hold-up cancellation, unexpected death and dismemberment approximately $50,000, and extra defenses. These constraints are set up per journey, while you pay a yearly premium to cover all expeditions.

All AIG Travel insurance coverage strategies consist of ongoing travel help services, a vital service if you have actually a missed out on connection or require medical help in a nation where you don’t speak the main language.

Add-Ons

Like any insurer, AIG will not cover every circumstance you may encounter abroad. While there are exemptions on every policy, you can extend your protection with riders. Insurance riders are add-on protections you can purchase in addition to a basic travel insurance coverage strategy that enables you to utilize your protection under more scenarios.

AIG offers the following riders to your Travel Guard insurance coverage strategies:

• Cancel for any factor (CFAR): CFAR protection enables you to receive a partial compensation on nonrefundable journey costs no matter why you cancel. CFAR add-on protection is available on the Travel Guard Deluxe and Preferred Plan.

• Pre-existing conditions waiver: A pre-existing medical condition is any health problem or injury for which you reveal signs prior to you sign onto a travel insurance plan. While these conditions are generally omitted from any medical protection on a travel insurance coverage strategy, AIG provides a waiver that enables you to extend advantages to these conditions.

• Flight mishap protection: This rider extends advantages of unexpected death and dismemberment and repatriation of remains due to the fact that of flight mishaps and crashes.

• Rental car accident protection: This rider includes accident protection, which can be valuable if you lease a car globally. This protection does not consist of the liability protection your rental car business needs.

• Name your relative: This add-on lets you choose one friend or taking a trip buddy to be thought about family — and therefore be covered by the strategy.
• Quarantine package: Provides a day-to-day monetary allowance if brand-new travel constraints or federal government advisories need insurance policy holders to follow an unforeseen quarantine.
• Umbrella protection: Policyholders can extend specific emergency situation or medical evacuation protection for a couple of additional dollars. Umbrella protection is available for basic medical protection.

Other add-ons might be available for yearly or last-minute journeys depending upon your location and personal information. Add-on schedule can differ based upon your departure date and the very first date that you made a payment for your journey.

Policies Offered

Not prepared to get a quote for your approaching journey? View a summary of the protections consisted of on each significant kind of strategy utilizing the table listed below.

*All quote details was gathered on 3/22/2023 for a 28-year-old tourist checking out Mexico for one week with an overall journey cost of $2,000.

When computing the cost of your protection, AIG considers your age, location, the length of your journey and the quantity of money you’ve purchased your journey. Overall, AIG’s travel insurance coverage strategies are more pricey than those of other insurance providers.

Cost of International Travel Insurance

To get a much better concept of what you can anticipate to spend for AIG Travel Guard insurance coverage, we asked for a couple of quotes for sample worldwide travel. The following quotes were gathered for a 28-year-old tourist spending a week in Mexico with an overall journey cost of $2,000.

Cost of Domestic Travel Insurance

AIG Travel Guard likewise provides policies for domestic travel. We gathered the following quotes for a 28-year-old tourist who is a homeowner of Alabama and spending a week in New York, with a journey cost of $2,000. As you can see, pricing for domestic travel was priced quote at similar rates to worldwide travel, which might make AIG a less feasible option for domestic tourists thinking about cost very first.

AIG’s travel insurance coverage department falls under the Travel Guard Group, Inc., a Better Business Bureau recognized business with more than 35 years in business. The Travel Guard Group likewise keeps a BBB score of A+, suggesting that the business is most likely to react to customer grievances in such a way that consumers discover pleasing.

Online evaluations of AIG’s travel insurance coverage intends on third-party platforms are general negative. While some consumers were pleased with the business’s purchasing experience and experienced agents, the majority of consumer evaluations were from disappointed insurance policy holders handling rejected claims.

“Took out overseas car rental insurance with them. Someone drove into the back of my vehicle whilst I was in Spain. The way AIG claims handled this was BRILLIANT. They made the claim process simple, minimizing any stress, and paid in full within a few weeks.” — Marios by means of Trustpilot

“I used AIG for trip insurance in October of 2022. The night before my husband and I were to travel, I found out that my father was terminally ill and I, as his P.O.A., was needed at his care facility the next day to sign the papers for his admittance to hospice. No amount of information, medical records or death certificate supplied was sufficed enough for this scam company to refund our trip. Such a disgrace.” — Anne by means of Trustpilot

“…I literally was evacuated because of a hurricane that destroyed the whole area and they said they would cover only $300 which covered only one night at one hotel we had to stay at…Their customer service is downright horrendous. I used them for every trip for the last 12 years (multiple trips a year) and never needed them. The one time I do, they’re rude, unhelpful and just refusing to pay…” — Tom by means of Trustpilot

Overall, AIG has quality travel insurance coverage strategies, with approximately $150,000 in medical expense protection, 150% protection for journey disruption and $1 million in emergency situation evacuation expenditures. AIG’s strategies consist of all the basic defenses you’ll discover with rivals, plus protection for a larger series of scenarios. For example, the majority of AIG’s strategies consist of cancellation for job-related factors and cyclones, which are frequently omitted without riders.

While AIG’s protection is detailed and consists of a variety of defenses not discovered with other service providers, it might not be the very best alternative for budget plan tourists. Travel Guard security strategies are on the more pricey end of the spectrum, though restricted protection Pack-N-Go strategies are competitively priced. If you’re going shopping exclusively based upon budget plan, AIG may not be your finest alternative.

Our group surveyed lots of travel insurance coverage service providers and produced a scoring system to evaluate each business’s quality and service. We connected for sample quotes, both over the phone and on the web, to mimic a genuine consumer experience. Here are the elements that formed our company evaluations:

• Plan schedule (20%): We searched for insurance providers with a range of strategies and the capability to tailor the policy with upgrades.
• Coverage (40%): Among the advantages scored were medical expenditures, medical and nonmedical evacuation, COVID-19 protection, preexisting condition exemption waivers, “cancel for any reason” protection, journey disruption, travel hold-up time requirements, luggage hold-up time requirements, luggage compensation and monetary default of a travel provider. Special factor to consider was offered to business using special add-ons, such as severe sports protection, protection for business equipment and family pet protection.
• Customer service and assistance (30%): We searched for indications that a business is prepared to react to consumer requirements. Companies with a recognized worldwide resource network, a 24/7 emergency situation hotline, robust mobile apps and benefits like concierge and translation services scored greater.
• Reputation (10%): We gauge track record by assessing customer evaluations, third-party monetary strength and consumer experience rankings, particularly from AM Best and the BBB.

Sarah Horvath is among the home service market’s most accomplished authors. Her specializeds consist of discussing home guarantees, insurance coverage, home enhancement and household financial resources. You can discover her writing released through suppliers like HouseMethod, Architectural Digest, Good Housekeeping and more. When not composing, she delights in hanging out in her home in Orlando with her future husband and parrot.