AIG Travel Guard insurance assessment: Essential information to consider

Is Travel Guard one of CNBC Select's top picks for travel insurance due to its extensive range of customizable policies? However, are any of these policies suitable for your needs? To assist you in selecting the best travel insurance for your upcoming trip, we will evaluate the provider and its offerings, as well as compare them to the competition.

Overview

Travel Guard® offers global travel insurance for leisure and business travelers with five online packages ranging from basic to comprehensive plans, enabling travelers to select the best option for their needs.

Travelers who are cost-conscious may opt for the Essential Plan, which provides fundamental safeguards, including trip cancellation, interruption, and delay insurance, coverage for lost, damaged, and delayed luggage, and medical, evacuation, and death insurance.

The Deluxe Plan, the most comprehensive option, includes extras such as missed connection coverage, security evacuation, travel inconvenience benefits, and more, in addition to increasing high limits for essential coverages.

If you're a last-minute traveler, the Pack N' Go Plan offers limited post-departure coverages. Alternatively, the Annual Plan provides comprehensive coverage for all your trips throughout the year.

Travel Guard provides "offline" travel insurance packages, requiring you to call for specific plans.

Coverage types

Here are the types of protection that Travel Guard can include in your package depending on your plan.

Trip cancellations
Trip interruption
Baggage coverage
Baggage delay
Travel medical expenses
Benefits include reimbursement for unexpected travel inconveniences such as runway delays, cruise diversions, and other unforeseen situations.
Medical evacuation
If your trip is delayed due to weather or airline changes, Trip Saver can reimburse you for meals, hotels, and transportation.
Reimbursement for trip cancellations due to unforeseen circumstances.
Security evacuation (due to a riot or civil disorder)
Accidental death or dismemberment coverage for travel by plane (flight guard)
Pre-existing medical conditions exclusion waiver

You can customize your plan with add-ons such as car rental insurance and "cancel for any reason" coverage.

Features

Our list of the best travel insurance companies includes Travel Guard due to its extensive coverage options. With a range of choices available both online and offline, it's simple to create a policy that suits your specific requirements.

In case of an emergency or delay, you can use Travel Guard's 24-hour concierge services to book a new flight.

The provider's website offers informational resources, including travel news, safety tips, and general travel advice. Additionally, the website allows you to modify your plan, file a claim, check its status, or apply for a voucher or refund.

Discounts

It's typical for travel insurance to not offer discounts, but you may find better deals when looking for other types of insurance, such as home and auto insurance.

Other insurance offered

AIG Travel, a subsidiary of American International Group (AIG), provides travel insurance and travel-related services through its portfolio, Travel Guard. Additionally, AIG offers life insurance and various business insurance products.

How it compares

It's wise to compare travel insurance policies before settling on one, but Travel Guard simplifies the process of obtaining a customized policy.

If you're going on a cruise, you might want to consider Nationwide Travel Insurance, which offers three plan options and is designed to address issues specific to cruises, such as ship-based breakdowns and missed pre-planned excursions.

Berkshire Hathaway's AdrenalineCare® plan covers unforeseen costs and equipment delays resulting from extreme sports on your trip, and also covers pre-existing conditions if you meet qualifying conditions.

Comparing multiple companies and their plans can help you find the best policy for your needs. Gathering several quotes can also ensure you're getting a good price for your policy.

Bottom line

Travel Guard provides numerous customization options for your policy, making it a reliable option for travel insurance. You can also obtain additional options by contacting Travel Guard. Nevertheless, it is crucial to compare Travel Guard with other travel insurance companies before making a decision.

Why trust CNBC Select?

Our goal at CNBC Select is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions when it comes to their finances. Each insurance review we publish is the result of thorough reporting by our team of expert writers and editors, who possess extensive knowledge of insurance products. At CNBC Select, we are committed to maintaining our journalistic standards and ethics, even though we earn a commission from our affiliate partners on many offers and links.

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