Best Travel Insurance 2023: Top 5 Companies Highly Recommended by Experts

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Vacation is just around the corner, which means it’s time to plan your next trip. Of course, choosing a destination, booking a hotel, and researching cruises are all important list items. But securing the best travel insurance to protect your upcoming adventure is also important to enjoy a stress-free trip. No matter where your plans take you this summer, travel insurance is a great way to make sure you, your fellow travelers, and your belongings are protected.

Your next vacation could be the answer to getting you out of a slump and boosting your mood, even after the lines have faded. In fact, a new study found that the best way to put a smile on millions of faces is to get out and travel. Researchers found an increase in happiness and excitement among frequent travelers compared to those who never took any long-haul vacations.

In a survey of 500 people, study author Chun-Chu “Bamboo” Chen from Washington State University examined the effects of traveling on long-term emotional health. The results show that people who regularly travel at least 75 miles from home are seven percent happier than respondents who rarely travel.

Another study found that travelers like to shut down better when on vacation. Of the 2,000 adults surveyed, 68 percent reported getting “better sleep” while on vacation, and 75 percent said they felt more rested than usual when away from home. When asked what the best rooms to sleep in away from home are, respondents believe the smell of clean sheets (43%), the mattress (41%), or not being able to sleep in (39%)

Don’t let weather, lost luggage, or illness ruin your chance to reap the benefits of a summer getaway! Travel insurance protects you and your plans from the unexpected, ensuring you can fully enjoy your time in the sun without worry. But if you are overwhelmed by the number of companies and policies available, don’t worry! StudyFinds has found 10 professional websites to review the best travel insurance companies and did the research for you. This list includes top tips, but if you have a favorite that we didn’t include, let us know in the comments below!

A man is waiting for a plane
A man in an airport (Photo by JESHOOTS.COM on Unsplash)

The details: Best travel insurance, according to experts

1. Travelex Insurance Services

For family travelers on a budget, Travelex has coverage options that won’t break the bank. And with the flexible plans you choose, you can customize your policy to fit your travel plans. “Travelex offers two main travel insurance plans – Travel Basic and Travel Choice,” he says American news. “In addition, Travelex allows you to customize your policy to meet your specific needs with select add-ons.”

“While Travelex policies are only available for trips of up to two weeks, you can get comprehensive coverage starting at $60,” he says. MarketWatch. “In addition, children under the age of 17 are included with an adult at no extra cost on certain travel insurance policies, making Travelex an affordable choice for families.

However, if you are embarking on a long journey, Travelex also has options to cover you.” Travelex’s Travel Select Policy can cover trips lasting up to 364 days, which is more than most single trip policies,” he adds. Points Guy.

2. Seven corners

Large group trips will appreciate Seven Corners’ ability to protect everyone under one policy. With different levels of coverage for every budget and travel plan, it’s a great option for your next bachelorette trip or family vacation. “Seven Corners made our list because it covers 10 or more travelers with a comprehensive travel insurance policy that covers medical expenses and evacuation.” He says money. “Seven Corners’ simple and budget-friendly RoundTrip Choice Plan covers trip cancellations, interruptions or delays for groups of 10 or more for certain reasons, including Covid-19. The emergency medical coverage is up to $500,000 and provides up to $1,000,000 for medical evacuation and repatriation of remains.

“Seven Corners’ policies include 24/7 emergency and travel assistance over the phone, which is a lifesaver for regular international travelers,” he added. MarketWatch. “You can also quickly add coverage for domestic travel with one click, which can be useful for regular travelers. Seven Corners’ streamlined online purchase process makes it easy to compare plans, and if you’re booking group travel, you can easily add coverage for up to 10 guests.

As an added bonus, if you’re planning to bring any equipment (such as tennis rackets, golf clubs, etc.) with you on your trip, you can upgrade your policy with additional protection. “Seven Corners offers the ability to purchase optional sports and golf equipment coverage. If purchased, this additional insurance will cover the cost of renting sports or golf equipment if it is lost, stolen, damaged or delayed by a shared carrier for six or more hours.” The points explain Guy.

3. Nationally

A cruise is a unique way to see the world, and it requires special coverage. If your summer vacation plans include traveling the seven seas, look no further than Nationwide for the best travel insurance options. “While there are many options for travel insurance, not every company offers specific coverage for vacations,” he says MarketWatch. “Nationwide, you can choose from three levels of coverage for your next cruise. In addition to standard protections, nationwide shipping policies also provide coverage for shipping-specific incidents such as mechanical breakdowns or missed connections.

“We chose Nationwide because it offers travel insurance plans for vacations.” Money increases. “Emergency medical cover starts at $75,000 and all three include ‘cancellation due to work’ cover, repatriation-priority benefit of $500, $200 for ship service disruption and $25,000 for medical leave. Reasons for cancellations and interruptions include inclement weather, extension of the school schedule, and work-related emergencies.

You will also benefit from the huge reach of insurance with many insurance types like Nationwide and flexible plans. “A household name in the insurance world, Nationwide Insurance offers a few different types of travel insurance to suit different travelers’ needs: cruise insurance, annual travel insurance and single trip insurance,” it lists. American news. “Nationwide insurance plans are available for purchase the day before your trip.

For a company that knows the ins and outs of travel coverage, you can’t go wrong with AIG Travel Guard. With customizable options for many travelers, you’re sure to find a guide that suits your needs. “AIG Travel Guard has over 30 years of experience providing travel insurance to millions of travelers,” he says. Money. “AIG Travel Protector’s most popular plan, Preferred, pays up to 50% of the cost if you change your travel dates. Travelers can add special options like a pet package, a wedding package for canceled weddings, and an inconvenient package.

“The amount of coverage and limits in your plan may vary depending on your travel details,” he adds. American news. “This flexibility makes it important to get a quote through AIG Travel’s search engine to confirm the levels of coverage you may qualify for. While AIG Travel provides limited details on its plans before requesting a quote, it makes it easy for customers to submit a claim or check the status of a travel insurance claim online.

For those planning a family vacation, AIG has great options to include child travelers. “With coverage limits up to $1 million, AIG policies can be ideal for families looking to protect multiple people while traveling.” MarketWatch explains. “AIG offers three travel plans that include a complementary family, which means that one child under the age of 17 is included with each adult enrolled in the plan. If you’re traveling as a family, this can cut your insurance coverage in half.

5. Nomads of the world

If your vacation plans include lounging on the sand and lots of rolling mountains, World Nomads is the travel insurance company for you. With coverage for both you and your gear, you can enjoy your adventure in peace. “World Nomads made our list because, unlike most travel insurance companies, its policies include coverage for more than 200 sports and adventure activities,” he says. Money. “While most travel insurance companies shy away from covering adventure sports and other off-the-beaten-track activities, WorldNomads offers policies specifically designed for adventure travelers. Its Standard and Explorer plans offer coverage for scuba diving, skiing, surfing, cycling and 200+ other activities.

“World Nomads lets you easily request a quote online, and you can even submit a travel insurance claim online. Other types of cover you get with both plans include trip cancellation, trip interruption, loss or damage to baggage and personal effects, car rental cover, accidental death and bodily injury and more,” he says. American news.

“Unlike policies offered by other providers, you don’t need to assume upfront costs when buying insurance to get trip interruption and cancellation insurance,” he adds. Points Guy.

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Note: This article is not paid for or sponsored. StudyFinds is not affiliated with or affiliated with the brands mentioned and receives no compensation for the recommendations. This article may contain affiliate links.



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