Wednesday, April 17, 2024

Cruise Travel Insurance: What You Need to Know

best cruise trip insurance

If your excursions are included in the cruise cost, you would simply insure the cruise trip cost. U.S. health plans may have very limited or no coverage when you’re outside the U.S. And Medicare doesn’t cover medical care outside the U.S., with only very narrow exceptions. Additionally, the Travel Guard Preferred plan includes benefits if (under certain conditions) you must start your trip earlier than planned—a feature not found in all policies. Our analysis has found that WorldTrips, Nationwide and TravelSafe Insurance are the best cruise insurance companies.

Other options for buying travel insurance

In addition to these options, two multi-trip plans cover trips of up to 70 days each for one year. Both policies provide coverage (including medical services and medical evacuation for preexisting conditions) to travelers with primary health insurance. For the best coverage, Squaremouth recommends comprehensive travel insurance plans that include at least $100,000 in Emergency Medical coverage and at least $250,000 in Medical Evacuation coverage. Those with pre-existing medical conditions should also consider plans that offer Pre-Existing Condition waivers. If you are going on a high-value cruise and would prefer increased coverage limits, Berkshire Hathaway also offers travel insurance plans designed for vacations with expensive inclusions.

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To compare different policies quickly, you can use a travel insurance aggregator like InsureMyTrip to search. Just note that these search engines won't show every policy and every provider, and you should still research the provided policies to ensure the coverage fits your trip and needs. Seven Corners also offers many other types of travel insurance, including an annual multi-trip plan. You can choose coverage for trips of up to 30, 45 or 60 days when purchasing an annual multi-trip plan. The prices for the packages and the build-your-own plan don't increase for longer trips — as long as the trip cost remains constant.

How to Choose the Best Travel Insurance Policy

This can include things like trip cancellation coverage, so you can recover pre-paid costs or trip interruption in the event your vacation is interrupted by an unexpected event. There are many options for travel insurance, and you can generally choose as little or as much coverage as you’d like. You can opt for a comprehensive travel insurance policy, which may offer Cancel for Any Reason (CFAR) coverage, or you might prefer to limit your costs and choose just the coverage you need. For example, you might choose standalone trip cancellation insurance or a travel medical insurance policy but decide you don’t need coverage for missed connections or baggage.

Also, many CFAR policies mandate that you must cancel your plans and notify all travel suppliers at least 48 hours before your scheduled departure. You can also purchase a plan through various membership associations, such as USAA, AAA or Costco. Most GeoBlue policies explicitly cover sudden recurrences of preexisting conditions for medical services and medical evacuation. Allianz is one of the most highly regarded providers in the TPG Lounge, and many readers found the claim process reasonable. Allianz offers many plans, including the following single-trip plans for my sample trip to Turkey.

best cruise trip insurance

Based on the sample above, the Silver Plan costs 2.83% of the total trip expenditures, which is much lower than the industry standard (usually between 4 to 10%). Keep in mind that your exact premium may be higher depending on your age and trip cost, among other factors. Nonetheless, you can expect your cruise insurance cost to be within the market average, if not lower. Young travelers often have the lowest-priced travel insurance policies. We got a quote for just $30.27 from Aegis for a 22-year-old cruising the Bahamas.

“Cancel for Any Reason” Coverage

That's because her policy protects her if something happens to her travel companion and he's forced to cancel -- but not if he cancels because something happened to a member of his family not traveling. From scuba diving in the Caribbean sea to riding ATVs through the mainland, excursions offer a chance to experience destinations included in your itinerary. Travel insurance can cover these expenses through the Trip Cancellation, CFAR, or Trip Interruption benefits should you need to cancel your plans.

This coverage is worth considering if you’re cruising abroad, as domestic healthcare may provide limited to no coverage out of the country. If you’re worried about suffering a medical emergency and requiring transport to a hospital while at sea, it is important to also have emergency medical evacuation coverage. AXA Assistance USA offers three travel insurance plans, each with its own level of protection, with the Silver Plan being the most affordable of the options.

Best Cruise Travel Insurance, Cancel for Any Reason Coverage: John Hancock Insurance Agency

Below you’ll see examples of cruise insurance costs for the best cruise insurance policies. Cruise insurance is worth considering if you can’t afford to lose the money you paid in advance for nonrefundable trip costs if you have to cancel your cruise. Note that the premiums and policy structures advertised for cruise insurance companies are subject to fluctuate in accordance with the company's policies. Trip cancellations are covered for 100% of the trip cost (up to a max of $150,000) and trip interruptions are covered for 150% of the trip cost (up to a max of $225,000). This plan covers baggage delays of more than 12 hours for up to $600 and covers lost, damaged or stolen bags or personal items for up to $300 per item ($2,500 maximum).

Coverage for preexisting medical conditions in cruise travel insurance refers to the extent that an insurance policy covers medical expenses related to a medical condition that the insured had prior to purchasing the policy. Cruise insurance plans protect you in all sorts of situations when something goes wrong while you're cruising. You can be covered for emergency medical expenses, trip delays, trip cancellations or interruptions and more. Shop around and compare providers to find the best cruise insurance policy for you. Cruise insurance may offer unique coverage like missed port of call and medical evacuation coverage.

best cruise trip insurance

The policy also offers detailed, robust COVID-19 coverage, including reimbursement for medical care if you contract COVID-19 while traveling. Its coverage also includes meals, local transportation and lodging if you're delayed six or more consecutive hours due to quarantining with COVID-19. John Hancock's Gold Plan offers robust medical evacuation and repatriation coverage up to $1 million per person, ideal for those luxury cruises that rove to the farthest reaches of the globe. The plan has excellent baggage loss coverage at up to $2,500 per person, along with a low three-hour minimum travel delay ($1,000 per person, $200 daily limit) benefit. For example, you could make a “cancel for any reason” claim if you’re worried about being seasick—a reason not covered by standard trip cancellation insurance. Buy this coverage shortly after you make your first trip deposit or the purchase window for it will close.

We believe everyone should be able to make financial decisions with confidence. The summer travel season is still a few months away, but insurance experts are worried. Yes, they've seen a general uptick in insurance sales, but some travelers remain unprotected.

They'll be able to assist you with things like restaurant reservations and referrals, golf course information, and more. This service could come in handy if you're stopping at a variety of unfamiliar destinations during your cruise. Of course, there's much more than just this list that cruise insurance can cover. "We've started to see early signs that travelers are exercising less caution and are slightly less likely to sign up for travel insurance," says Joe Cronin, CEO of International Citizens Insurance. Mike Hallman, CEO of the air medical transport and travel security program Medjet, says MedjetHorizon memberships are selling briskly. They offer 24/7 security and crisis response, as well as transportation to a hospital at home if you're injured.

In addition to well-rounded benefits, most cruise insurance plans also include 24 Hour Travel Assistance Services to support you before and during your cruise. Compare cruise insurance plans from top providers that offer cancellation, medical, and delay coverage. That means being aware and paying a bit more attention than usual to the conditions of your policy.

“You could refer to it as the portion that protects the investment in the trip,” Sandberg says. However, at $136, the Basic plan was among the more expensive for our trip to Mexico. Those who have a lot of time on their hands to compare policies and look for bargains.

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