Annual travel insurance

Old May 1, 19, 7:50 pm
  #1  
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Annual travel insurance

Hi all,

Not sure if this is the right place for this question, but my family do 2-3 vacations a year. I have never done it before, but I am curious to see if annual travel insurance would be a good thing for us? The cost is as low as $300 (Nationwide) to $700 with Allianz. I am hesitant on both because they seem to cover very little. $5000 in trip interruption and cancellation would barely cover my airplane ticket, let alone everything else. Some of the coverages might be duplicated by our credit cards too. What do you guys think? Scam or worth it. The rental car coverage would wipe out about $100-200 worth of insurance waiver at the rental place, but the other coverage pay out $1000 at best.
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Old May 1, 19, 8:37 pm
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What medical- health- medical repatriation do they cover?
That is what you need cover for.
Your domestic health insurance (if any) may not have cover overseas.
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Old May 1, 19, 9:16 pm
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Originally Posted by mattack4000 View Post
What do you guys think? Scam or worth it.
You pay the premium. So it is your call.

But FWIW - even people who travel more than you do may not even have an annual policy.

So is it really necessary?
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Old May 6, 19, 9:53 pm
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Originally Posted by mattack4000 View Post
Hi all,

Not sure if this is the right place for this question, but my family do 2-3 vacations a year. I have never done it before, but I am curious to see if annual travel insurance would be a good thing for us? The cost is as low as $300 (Nationwide) to $700 with Allianz. I am hesitant on both because they seem to cover very little. $5000 in trip interruption and cancellation would barely cover my airplane ticket, let alone everything else. Some of the coverages might be duplicated by our credit cards too. What do you guys think? Scam or worth it. The rental car coverage would wipe out about $100-200 worth of insurance waiver at the rental place, but the other coverage pay out $1000 at best.
We travel full time so find our Allianz policy to be a good investment for peace of mind: $450 for 2 people for one year. We used it once so far for a quick hospital visit.

I'm not sure that it makes sense for 2-3 vacations a year, depending on where you are from and where you are going.

You don't say where home is, but if you are from the US and your vacations are Asia for a month it's one thing...if it's a week in the Caribbean that's quite another.
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Old May 7, 19, 2:42 pm
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I think if I get the strip down version, I would basically have it to do the emergency medical coverage. The trip interruption and cancellation are jokes. With the cost being about $200-$400 a year, it might be worth it having that as backup in case of baggage delays
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Old May 7, 19, 2:46 pm
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Originally Posted by mattack4000 View Post
I think if I get the strip down version, I would basically have it to do the emergency medical coverage. The trip interruption and cancellation are jokes. With the cost being about $200-$400 a year, it might be worth it having that as backup in case of baggage delays
If you already have some kind of health coverage at home, start by checking the coverage you have out of area and/or out of the country.

In the USA, traditional health insurance tends to provide worldwide coverage at least for emergencies while managed care of various types doesn't permit much out of network. IIRC Medicare (and presumably Medicaid) is USA only. Some employers cover medical evacuation and repatriation even for leisure travel.
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Old May 7, 19, 3:25 pm
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Originally Posted by MSPeconomist View Post
If you already have some kind of health coverage at home, start by checking the coverage you have out of area and/or out of the country.

In the USA, traditional health insurance tends to provide worldwide coverage at least for emergencies while managed care of various types doesn't permit much out of network. IIRC Medicare (and presumably Medicaid) is USA only. Some employers cover medical evacuation and repatriation even for leisure travel.
Medicare does not provide any coverage outside the US but some supplementary policies might (mine does). It is usually for emergency care only and transportation to the nearest competent medical facility. You can buy membership in organisations that will provide hospital-to-hospital transport without regard to medical need, otherwise you might have to wait until you have recovered to get home.
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