Travel insurance is the best way to protect your trip investment from the unexpected. Traveling is an exciting experience, and anything can happen while you are away from home. Our specially designed travel insurance plans paired with our world-class services provide you with the coverage and confidence you need to travel without worry. Wherever your travels take you, we offer coverage to protect both domestic and international trips. Whether you’re taking a cruise, studying abroad with a student travel program, or taking that family vacation that you’ve always dreamed of—we’re here to ensure you have the coverage you need.
IMG’s line of travel insurance products, iTravelInsured Lite, iTravelInsured SE, and iTravelInsured LX, provides varying levels of coverage for trip cancellation, baggage delay, trip interruption, medical benefits, and many other travel-related events and expenses. These plans were designed to protect you from financial losses should something bad happen before or during your trip.
Do I need travel insurance?
- Could you afford to lose your non-refundable, pre-paid travel expenses in the case of your trip being cancelled due to an unforeseen event (ex: death of a family member)?
- Are you traveling to a destination that may be affected by severe weather?
- If you were to get sick or injured on the trip, would you be unable to pay out of pocket for the necessary healthcare?
- If your flight is delayed or cancelled, would you seek reimbursement for the inconvenience and additional charges such as change fees?
- If your luggage is lost or stolen, could you afford to replace the missing baggage or personal effects?
If you answered yes to any of these questions, you should consider travel insurance. While trip cancellation insurance is not mandatory, some countries require proof that a traveler has travel medical insurance before allowing entry. Check out our blog post, "Is Travel Insurance Worth It?" for more information about travel insurance.
How much does travel insurance cost?
Travel insurance costs can range anywhere from 4 to 10 percent of your total trip costs.
Price varies based on how much coverage you’re looking for, and the reasons you’d like to insure your trip. If you’re looking for “Cancel for Any Reason” coverage or to insure a luxury trip, then iTravelInsured LX is the plan for you. iTI LX offers the option to cancel your trip regardless of the circumstances.** However, if you’re looking for more standard cancellation benefits, such as if an immediate family member falls ill and you need to cancel, then the iTravelInsured SE and iTravelInsured Lite plans may be the right plans for you.
What's the difference between travel insurance and travel medical insurance?
Travel insurance is a great way to protect your financial investment for your trip. Travel benefits can provide coverage for prepaid, non-refundable trip costs and some plans also offer limited medical coverage benefits.
Travel medical insurance is primarily used for short term medical coverage when you are traveling outside of your home country. Your domestic insurance plan often does not provide coverage for you in foreign countries. If you were to fall ill or get in an accident, you could have to pay out-of-pocket for those expenses.
Travel Insurance may provide coverage* for items such as:
- Prepaid, non-refundable expenses
- Trip cancellation**
- Travel delay
- Trip interruption
- Lost or stolen luggage
- Emergency medical evacuation*
- Accident and sickness medical expenses*
Credit Card Insurance May Not Cover You
Your credit card may boast about offering travel insurance benefits, but the reality is that they are simply a credit card company. They may offer some benefits with low maximum limits. For instance, if you miss your connecting flight due to a travel delay or your luggage gets lost, you may receive some limited coverage only for those items. If you purchase a travel protection plan through IMG, you are purchasing from a company whose specialty is travel insurance. To learn more, check out "The Truth About Credit Card Travel Insurance."
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Is Travel Insurance Worth it?
Insurance isn’t the first thing on your wish list. However, you’re happy you have insurance once you need to use it. We’ve compiled a checklist of questions that will help you decide if travel insurance is worth it for your next trip.
Some factors that should be included when deciding if you really need travel insurance:
How much have you invested in your trip?
Trip costs can add up quickly. Consider how much you are spending on your non-refundable pre-paid accommodations, transportation, activities, and meals. If something were to go wrong, could you afford to lose the money you spent on the trip? Even if you could afford it, would you want to lose the money? Cruise vacations are a great example of an investment vacation. If your flight is delayed and you miss your cruise ship leaving the port, you would be able to file a claim for a missed connection or trip cancellation. For more information about travel insurance for cruise ships, check out our iTravelInsured SE plan.
Are you traveling outside of your home country?
If you are traveling outside of your home country, you may not be covered by your domestic health insurance plan. You may also want to consider the type of healthcare that the country offers. Some of the most exotic locations have underdeveloped healthcare systems. If you were to get sick or be injured, you may not be able to receive the same level of care that you would need back home. In severe cases, you would need to be medically evacuated to a nearby facility. You might even be transported to another country. These medical evacuation flights can be expensive. It’s worth the peace of mind of having insurance so that you aren’t stuck far away from home with a huge medical bill. For more information about travel medical insurance coverage, view our Patriot Travel Medical Insurance.
Are you traveling to somewhere during severe weather season?
Mother nature has a mind of her own. Often, you can score great deals on hotels and airfare during the offseason. The off season may come with less than favorable weather. With an iTravelinsured plan, there are several benefits including:
- Trip cancellation – if you need to cancel your trip due to weather, you can file a claim for reimbursement
- Trip interruption – if you are traveling and your trip is interrupted due to severe weather
- If you live somewhere prone to severe weather and you cannot return home from a trip due to your home being uninhabitable
What kinds of activities are you planning for your trip? Adventure sports?
If you are planning any type of physical activity, you will want to protect yourself with travel medical insurance. The physical activity can be as low impact as walking across the pool to grab your sunscreen. You slip, fall, and have a broken arm. Or maybe you are going on a hiking or ski trip. The last thing anyone wants is to get hurt while on a trip of a lifetime -but it does happen. Patriot Travel Medical Insurance has an optional adventure sports rider for the adventurous members of your travel group engaging in ‘off piste’ activities. We know you weren’t aiming for that patch of ice, but accidents happen.
Does your credit card cover travel insurance?
Some credit cards do offer some travel insurance benefits, and these vary by card. Most cards do not offer as high of a maximum limit that you may need for important benefits such as medical evacuation. Credit card companies often only provide coverage only if you book the entire trip using their card. They also may require a deductible. When you pair the deductible with the annual fee for your credit card, you will often find that it is less expensive to purchase a plan through a third-party insurance company such as IMG. Please consult with your credit card company before assuming that you are covered.
Are you booking this trip last minute or several months in advance?
If you are booking a trip last minute, you probably don’t need trip cancellation benefits. The best plan to purchase is a travel medical plan. Larger trips, such as holiday plans, family reunions, and international trips require much more planning. You may not know what Mother Nature has in store for your dream Parisian vacation. For example, perhaps you find a great deal on a vacation to Florida right in the middle of hurricane season. By purchasing your plan before the storm is named, you are protecting your trip from any interruptions due to severe weather.
This article is offered for informational purposes alone. Only the insurance plan itself determines the benefits available to you in any situation. Please refer to the specific Certificate of Insurance or Policy Wording for a summary of the benefits provided by each plan.