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Q. Why should a traveler buy travel
insurance?
A. Travel
insurance gives travelers coverage for
unforeseen problems, from a cancelled flight
to a serious illness—or in rare cases, even
an act of terrorism or the financial default
of a travel supplier. If an illness,
accident, or other covered unforeseen
circumstance forces a traveler to cancel or
interrupt their plans, they face two major
financial losses—money invested in
nonrefundable pre-payments, and medical
expenses that in many instances may not be
covered by health insurance.
Q. What
happens if a traveler must cancel their
vacation?
A. Often
a traveler will lose nonrefundable deposits
and prepayments that can add up to
hundreds—or even thousands—of dollars. A
comprehensive travel insurance plan through
AIG Travel Guard can provide trip
cancellation coverage for the traveler's
vacation investment—the insurance company
reimburses the traveler for all pre-paid,
nonrefundable expenses for a covered loss.
Q. How
does trip cancellation and interruption
coverage work?
A. It
reimburses for forfeited, nonrefundable,
unused payments or deposits if the traveler
must cancel or interrupt their trip due to a
covered reason.
Q. What
other coverage is typically included in an
AIG Travel Guard travel insurance plan?
A. In
addition to trip cancellation and
interruption, the more comprehensive travel
insurance plans available today may also
cover emergency medical expenses; emergency
medical transportation, when ordered by a
doctor, to the nearest adequate medical
facility; reimbursement for accommodations
and expenses incurred due to travel delays;
reimbursement for the purchase of essential
items if baggage is delayed; and coverage
against lost, stolen or damaged baggage.
Q. Does
travel insurance cover terrorism?
A. Many
travel insurance policies do not cover
terrorism, or only cover terrorist acts that
occur on foreign soil. Travel insurance
through AIG Travel Guard can cover terrorist
incidents both in the United States and
abroad.
Q. Is the
financial default of an airline, cruise line
or tour operator covered?
Q. Does
AIG Travel Guard offer travel insurance
plans tailored to specific types of travel?
A. Yes.
AIG Travel Guard offers travel insurance
plans for an array of budgets, from modest
trips to high-end luxury vacations. There
are also products for last-minute getaways
and extended trips, and specific coverage
plans for cruise travelers, golf travelers,
students, and sports travel.
Q. How
much does travel insurance cost?
A. The
cost of travel insurance is based, in most
cases, on the value of the trip and the age
of the traveler. Typically, the cost is five
to seven percent of the trip cost.
Q. What
else is offered with the purchase of an AIG
Travel Guard plan?
A. To
boost travelers' confidence when traveling,
AIG Travel Guard has added LiveTravel®
assistance, which provides 24-hour, "911"
emergency travel agency-type services to all
standard retail plans, in case a traveler
has to change a flight or a hotel room. AIG
Travel Guard has also added assistance with
emergency cash transfers, pre-trip
consultation services (travel advisories,
passport requirements, inoculation
information, etc.), and live messaging,
which will relay any e-mail or phone message
to family, friends or business associates.
Certain restrictions apply. |
