What are the cons of Allianz travel insurance? (2024)

What are the cons of Allianz travel insurance?

Allianz travel insurance holds 3.9 out of 5 stars from more than 30,000 reviews on Trustpilot. Many satisfied customers report that the claims process is simple and supportive when unforeseen circ*mstances occur.

Allianz travel insurance holds 3.9 out of 5 stars from more than 30,000 reviews on Trustpilot. Many satisfied customers report that the claims process is simple and supportive when unforeseen circ*mstances occur.

Travel insurance does not cover losses that arise from expected or reasonably foreseeable events or problems. In general, you could not reasonably foresee crashing your car, catching the flu or falling off a camel.

Quick claim processing

Once we have all the information required, we can process and pay a claim within 48 hours. However, we can only do this if you have told us your diagnosis, so please make sure you include this with your claim. Otherwise, we will need to request the details from you or your doctor.

You'll receive your funds through the payment method you selected when you filed your claim. If for some reason the direct deposit or debit card payment fails to go through (this can happen if your account number is incorrect), you'll receive a check to the address we have on file for you.

For a full refund of your premium, you must cancel within 15 days of your plan purchase (depending on your state of residence) and must not have filed a claim or departed on your trip. Premiums are non-refundable after this period.

Upon receipt of the completed claim form packet and certified death certificate, the Allianz Claims department will evaluate your claim within 10 business days (or within applicable state requirements). Depending on the option selected, payment will be sent to the beneficiary.

Trip interruption insurance helps you continue your journey or return home early. Missed connection coverage to help you continue your trip after missing a connecting flight or cruise. Trip delay coverage to reimburse you for meals and accommodations if your trip is delayed beyond the original return date.

When you purchase travel insurance from Allianz Global Assistance (or any other company), the plan names specific covered reasons for trip cancellation, trip interruption, and other benefits. If a situation's not named, it's not covered.

Is Allianz a reputable company?

The “A+” rating assures prospective customers that Allianz is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier. Established in 1899, AM Best is one of the oldest rating companies in the world.

The Standard & Poor's rating of AA (Very strong)

If you cancel your trip for a Covered Reason, you must notify Allianz Global Assistance and your travel supplier(s) within 24 hours of the cancellation to qualify for full reimbursem*nt. Allianz Global Assistance can be reached at 1-844-310-1578 for assistance with opening your claim.

For example, SquareMouth recommends international travelers get around $50,000 in Emergency Medical coverage and $100,000 for cruises or travel to remote areas. Carefully review the full details of your travel insurance policy.

Important: While travel insurance policies may be more comprehensive than credit card protections, there are limitations. They typically won't cover non-essential medical expenses, high-risk sports or activities, or pre-existing conditions — at least without paying for add-on coverage.

There are several things that a standard travel insurance policy won't cover. Here are some of the things you may need to take out extra cover for with policy add-ons, or even specialist cover: Pre-existing medical conditions. High-risk sports and adventure activities.

We cannot review a claim without documentation. You can provide these documents while filing or come back any time to add more evidence that helps show us what happened or the costs you incurred.

You have 90 days from the date of your loss to submit your claim to us, except as otherwise provided by law. The good news is, we make claims filing as painless as possible. Did you know you can file a claim, upload documents and track your claim status on your phone?

Since the vast majority of our revenue comes from the insurance business, Allianz is generally classed as belonging to the "insurance" sector (e.g. included in the STOXX Europe 600 Insurance index).

The most common covered reason is unforeseen illness, injury, or death of the traveler, a traveling companion, or a non-traveling family member. Other common covered reasons include terrorism, inclement weather, or a natural disaster, among others.

Does travel insurance cover flight cancellation?

Cancellation cover is a common inclusion with most standard travel insurance policies, but you can take it out separately if it doesn't offer enough cover. Alternatively, if you only want cancellation cover to protect you against cancelled flights rather than baggage protection, you can get it for that.

Before your trip - If you have to cancel your trip, due to a covered reason, before you head off on holiday, we may reimburse you for your pre-paid non-refundable travel investment (e.g. hotel fees);

Allianz (/ˈæliənts/ AL-ee-ənts, German: [aˈli̯ants]) is a German multinational financial services company headquartered in Munich, Germany.

Definition: You have to change the dates on your airline ticket for a covered reason. Travel insurance can reimburse you for the fees charged by the airline to change these dates up to the benefit limit described in your plan's letter of confirmation.

In general, however, most claims should be processed within a few weeks (once the insurance company has all the documentation they need). Keep in mind that one of the biggest factors in determining the speed of the claims process is how quickly you and/or your medical provider provide all necessary information.