Why Do You Need Travel Insurance Protection?

COVID-19 Updates and Information

For travelers concerned about COVID-19, we recommend purchasing travel insurance. For your reference, here are the updated policies for Travelex Insurance and Allianz Travel Insurance.

Please refer to our COVID-19 page for important updates and links for the CDC and Airlines and how Covington is monitoring the situation.

At Covington, we believe that travel insurance is a great value that protects you and your trip investment. Now, more than ever, it is important to think about the unexpected. Consider travel protection for Trip Cancellation, Trip Interruption, Emergency Medical, Emergency Evacuation, Trip Delay, and Baggage Delay.

How Can Travel Insurance Save You Money?

Unplanned events happen, and they can derail a vacation, leaving you with additional expenses or the loss of non-refundable payments. When the unforeseen happens, travelers who bought an insurance policy claim it’s the best investment they ever made. Those who didn’t are likely to suffer losses much greater than the cost of coverage.

What Does Travel Insurance Cover?

Trip Cancellation

When flights are disrupted due to major weather events or natural disasters, an unplanned hotel stay or additional meals is an extra expense. Even if your destination is unaffected but you can’t get there because of the weather, your policy will reimburse your non-refundable cruise or resort stay.

Medical Emergencies

Unexpected injury or illness is often a major expense. Your healthcare plan may not cover the cost of a medical emergency when traveling abroad. Travel insurance helps you find appropriate medical care while you are traveling and pays for the doctor visit, hospital bills, and prescription drugs. Furthermore, should you need medical flight evacuation, the cost can be as much as $100,000, but travel insurance covers that, too.

Baggage Loss or Delay

If your luggage is lost, stolen or delayed anytime during your trip, having travel insurance coverage ensures you don’t have to go without a swimsuit or other essentials you packed. You purchase replacements (each policy has a dollar limit) and save the receipts for reimbursement after your trip.

Is Primary Medical Insurance Important?

Experiencing a medical emergency can be scary and expensive – even more so when you are away from home. Primary travel coverage is much simpler and faster to manage in the event of a claim because it reimburses eligible medical expenses before any other policy, such as your own healthcare plan.

Secondary travel insurance policies require you to exhaust all other benefits – including paying the deductible – before you file a claim for reimbursement at some later date. You may even need to show proof of the other benefits’ disbursement before you can file a claim. That delay creates an added strain on an already difficult situation.

How Much Does Travel Insurance Cost?

The cost of travel coverage varies depending on your age, the cost, and the length of your trip. According to the Insurance Information Institute, it generally runs about 5% to 7% of the price of the vacation. So a $5,000 trip would cost roughly $250 to $350 to insure.

Find a Plan and Get a Quote

Allianz Global Assistance | Annual, Domestic and International Protection

Depending on your travel needs, Allianz offers four coverage plans including the Classic Plan, Classic with Cancel Anytime Plan, Premier Plan and Basic Plan.  

Travelex Basic | Essential Travel Protection

This Basic Plan is a great alternative to cruise and tour operator insurance. Travelex Basic offers coverage for the value-conscious traveler while meeting essential travel needs, including the option to customize coverage with rental car collision and air AD&D upgrades.

Travelex Select | Customizable Travel Protection

Travel Select offers complete customization with personalized upgrade options including cancel for any reason, major medical and dental expenses, and adventure sports coverage. Plus, kids 17 and under are included when traveling with a covered adult.

Learn More About Travel Insurance

• Travel Insurance 101 – A travel Insurance policy limits travelers’ financial loss and gives them peace of mind when an unforeseen event blindsides travel plans.
• 7 Proven Reasons Why Millennials Need Travel Insurance – Millennials’ travel styles and life stage make travel insurance a wise choice that can save the day in high stakes and high-stress travel situations.
• Five Reasons NOT to Buy Travel Insurance – We’ve heard them all before – reasons not to buy travel insurance. But we know differently. See true examples of why it’s so important.