Travel Insurance for bigger trips

I used to, and would shop at insuremytrip.com. On the rare occasions I had claims, they were paid with no problem. Now, I just carry an annual, multi-trip policy through Allianz.

I always do when I have a big investment at stake. It gives me peace of mind.

No. I use insurance for things that I cannot self insure or would cause extra financial issues should something be "lost" like home, health and cars.

By booking refundable fares and accommodations on credit cards that offer protection and having a health plan with world wide urgent and emergent I don't feel as if expenses occurred during a trip would cause extreme fincancial peril worthy of adding it on.

Boomers love that stuff though.

Travel insurance generally starts at 7% and goes to about 12% on avg. That means you need to use it to fully cover a trip every 15 trips to make it financially make sense.

I don’t buy it generally speaking, as I usually book things that can be adjustable, with a cancellation policy, or self insure.

It’s often easier and cheaper to pay for airfare that can be changed and a hotel that can be changed, then travel insurance. Beyond those most things have cancellation policy’s of 24 hours or so.

Annual Allianz is only way to go

Digging deeper I will have to get it for medical coverage. My wife and I are on Medicare and it doesn’t cover anything outside the US. I am not worried about the cost of the trip, but I don’t want any bills from a Scotland or Ireland hospital.

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Annual Allianz is only way to go

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What does this cost annually and what does it typically cover?

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This year it ran me $750 for their AllTrips Executive coverage.

Allianz Plan Link

I do at least 4 trips/year to some very remote locations around the world so the main reason is medical evacuation; I insure for possible catastrophes and not much else. The only time I've used it was splitting a tooth on a flight to Sydney. Not fun but an emergency dentist took care of it the next morning.

We're about to make our first international trip with another to follow not that long after. I wish that would have known about the annual coverages. I purchased the individual trip coverage so I paid way too much.

I don't necessarily need trip reimbursement. I mainly want the medical. After reading this thread, I looked into the travel medical coverage from BCBS and UHC. For the future, that's the way I'm leaning.

Don't most credit cards come with travel insurance now??