Are you thinking about getting a holiday insurance policy? If so, that’s great. Considering how many things could go wrong in a matter of moments, it’s crucial to have a backup plan in place for the unexpected. But before you jump into an agreement, it’s wise to learn all you can about this type of travel insurance, and we’ll help with that in this article. We’ll cover the cost of holiday insurance, what it typically covers, how to get a policy, and much more.

What is Holiday Insurance, and Why Do I Need It?

Holiday insurance, also called travel insurance, is a type of insurance that offers coverage for the risks and losses you could experience during traveling.

The main reason why you need holiday insurance is that you just don’t know the future. Consider a situation where you booked a flight, paid your hotel deposit, and then had to cancel the trip after falling ill. You’d lose your nonrefundable deposits. You could recover some or all of those funds with a holiday insurance policy.

You could also experience a medical emergency, like an allergic reaction, heart attack, or stroke, while on holiday. You may need emergency treatment or to be flown home for further evaluation. Regardless, you’d be on the hook for lots of cash. Your trip holiday insurance plan would help to cover your medical expenses up to a predetermined amount.

What Does Trip Holiday Insurance Cover?

Every holiday insurance policy is a little different. The coverage limits, benefit mix, and terms and conditions are unique. That being understood, here are a few benefits you can expect from the average holiday insurance policy:

• Trip interruption – If you have to stop your trip early, you receive reimbursement for unused portions of your trip.
• Trip cancellation – If you cancel your trip for a covered reason, you receive reimbursement for eligible nonrefundable trip expenses.
• Baggage issues – Should your baggage be lost, stolen, or delayed; you could receive reimbursement up to a specified amount.
• Emergency medical coverage – Should you need emergency medical care during your trip, your holiday insurance policy will cover eligible expenses up to the coverage limit.

AXA Travel Insurance comes with a combination of the following benefits:

• COVID-19 coverage
• Trip delays, interruptions, and cancellations
• Rental car collision damage
• Missed connection coverage
• Emergency medical expenses, evacuation, and repatriation
• Accidental death and dismemberment
• Luggage delays, loss, and theft

This is just the tip of the iceberg when it comes to travel insurance policy benefits. To learn all about a given policy’s inclusions and exclusions, read the terms and conditions from the travel insurance company. They are your source of truth.
 

The Cost of Holiday Insurance

On average, holiday insurance costs around 5% to 6% of the cost of your trip. The cheaper your trip is, the cheaper your holiday insurance will be. To help you visualize this, if your trip is valued at $5,000, you should expect to pay around $250 - $300 for your travel insurance policy. Just remember that many other factors affect the cost of holiday insurance, including the following:

• Your age
• How many travelers there are
• The policy and how much coverage you get
• The destination country

AXA Travel Protection Plans are affordable on just about any budget, starting at just $16 for the Silver Plan.

AXA Travel Insurance Plans and Benefits

At AXA Travel Insurance, we offer three travel protection plans. They include the Silver, Gold, and Platinum Plan. Each of them offers unique benefits for travelers. Learn more below:

• Silver Plan – Our most affordable holiday insurance plan option. It includes coverage for trip cancellations (100%), emergency medical expenses ($25,000), medical evacuation ($100,000), and more.

• Gold Plan – The ideal plan for cruises. It includes coverage for trip cancellations (100%), emergency medical expenses ($100,000), emergency medical evacuation ($500,000), and more.

• Platinum Plan – Our highest coverage tier designed for international trips. It includes coverage for trip cancellations (100%), emergency medical expenses ($250,000), emergency medical evacuation ($1,000,000), and more.

With one of these plans, you’re ready to take on your domestic trip, cruise, or international excursion with confidence.

Note: You can purchase Cancel for Any Reason (CFAR) Coverage if you want the option to cancel your policy for any reason. You’d get up to 75% of your pre-paid nonrefundable expenses returned to you. Learn more about it here.

Why Choose AXA Travel Insurance?

AXA Travel Insurance is a recognized leader in the travel insurance industry. As such, we pride ourselves on providing holiday insurance plans with the benefits that matter. With plans boasting trip interruption coverage, baggage reimbursement, and more, you can worry less about the what-ifs and be more present in the moment. And if you ever have questions or need help, our agents and representatives are ready and willing to assist.

How to Get Holiday Insurance

There are two main ways to secure a holiday insurance policy, and the best option for you will depend on your level of comfort when it comes to choosing a plan. If you’re feeling confident, request an online travel insurance quote.

At AXA Travel Insurance, it takes just minutes to put in your trip information and receive your quote outlining your plan options and their costs. Start by filling out this quote form.

If you want help choosing the best holiday insurance for you, we encourage you to speak directly with an insurance agent. AXA reps can give you a quote over the phone, explain your travel insurance plan options, and answer any questions you have. They can also take your payment. To get started with an agent, call 855-327-1441 and then press option 2.

Get Started Today!

So, there you have it – all you need to know about holiday insurance and your options through AXA Travel Insurance. We hope you found the information you were looking for. If you have any questions about travel insurance, we encourage you to explore our FAQs or contact us at 855-327-1441 and choose option 2. Happy travels!

The insurance benefits in the Silver, Gold and Platinum plans are underwritten by Nationwide Mutual Insurance Company and affiliated companies including Nationwide Life Insurance Company, Columbus, Ohio. Benefits are administered by AXA Assistance USA, Inc. (in California, doing business as AXA Assistance Insurance Services, License Number 0H74893). Non-insurance assistance services are provided by AXA Assistance USA, Inc. and are not underwritten by Nationwide Mutual Insurance Company. AXA Assistance cannot guarantee the availability of assistance services everywhere or under all conditions, as there may be times when circumstances beyond AXA’s control hinder its endeavors to provide services.
AXA Assistance USA, Inc.© 2024 All Rights Reserved.

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