US News & World Reports: Top 10 travel insurance companies - PropertyCasualty360

US News & World Reports: Top 10 travel insurance companies - PropertyCasualty360

Allianz Travel Insurance

Pro: Annual and multi-trip policies available

Con: Distinguishing between the company’s 10 travel insurance plans can be confusing

(Credit: josefkubes/

Travelex Insurance Services

Pro: Customizable upgrades, including car rental coverage, additional medical insurance and adventure sports coverage available

Con: Adventure sport and additional medical coverage is not available with the Travel Basic plan

(Credit: Travelex Insurance)

World Nomads Travel Insurance

Pro: Adventure sports are covered at no additional cost

Con: Standard plan only promises up to $2,500 in trip protection

(Credit: World Nomads Travel Insurance)

AIG Travel Guard

Pro: Travel insurance policy coverage is tailored to your specific trip

Con: Information about policy coverage inclusions is not readily available without first obtaining a quote

(Credit: AIG Travel Guard)

Seven Corners

Pro: Coverage for preexisting conditions

Con: Cancel for any reason coverage costs extra

(Credit: Seven Corners)


Generali Global Assistance

Pro: Sporting equipment coverage included in the company’s mid-tier plan

Con: Coverage for those with preexisting conditions is only available on the Premium plan

(Credit: Generali Global Assistance)

IMG Travel Insurance

Pro: A plan specifically designed for retired travelers ages 65 and older is available

Con: The company’s iTravelInsured Travel Lite plan does not include primary coverage

(Credit: IMG )

AXA Assistance USA

Pro: All plans include missed connection coverage

Con: Only the highest-tier plan allows travelers to add cancel for any reason coverage

(Credit: AXA)

Berkshire Hathaway Travel Protection

Pro: All plans include 24/7 travel assistance that can aid in finding or replacing lost luggage and assist with lost or stolen wallets, tickets and passports

Con: Some benefits, such as preexisting condition coverage, are only available if the plan is purchased within 15 days of the initial trip deposit

(Credit: Berkshire Hathaway)

HTH Travel Insurance

Pro: Generous coverage at the mid-tier level

Con: Preexisting conditions coverage only available at mid- and high-tier plans

(Credit: HTH Travel Insurance)


While it is not a requirement, travel insurance is becoming a necessity, according to U.S. News & World Report, which noted the costs of a policy are based on several factors, including the age of those taking the trip and the total cost of the journey.

While consumers are resuming traveling and policies to cover those trips are returning, anticipates the development of COVID-specific travel coverages. However, it will be critical to discuss these coverages and their exclusions with clients.

“One of the things that people should review before they purchase a plan is what the exclusions can be, namely exclusions such as the epidemic or pandemic exclusions, which will really limit any kind of coverage that travelers could have under a plan,” Karen Johnson, leader and head of travel insurance services at USI Affinity, said.

For example, if the destination that you’re traveling to is requiring you to quarantine for a period of time upon entry, you could be eligible for trip cancellation coverage, Johnson adds.

Additionally, there is potentially some confusion among people regarding what cancellation policies cover, according to, which noted these policies tend to cover events outside of the consumers’ control and not things such as a fear of traveling.

The above slideshow highlights, in no particular order, the highest-rated travel insurance company according to U.S. News & World Report review.