The price of travel insurance depends on the cost of the trip and the age of the insured travelers. Sandberg predicts that “travellers in their 30s or 40s can expect to pay between 5% and 7% of the total trip cost for insurance coverage, with rates decreasing depending on the degree of coverage.”
Insurance is a tiered commodity that increases in cost with age. “As you age, this range can increase to 10% of trip costs,” explains Sandberg. “Adding extras, such as ‘cancel for any reason’ coverage, can increase the cost of your trip by 11 to 12 percent.”
Following a rigorous investigation of the fine print, we’ve picked five of the best cruise insurance plans that will appeal to a wide range of seafarers. All five policies provide coverage for trip cancellation and interruption due to COVID-19.
1. TravelSafe Classic Plan for recreational cruisers
The Classic Plan from TravelSafe is the best value for the average cruiser because it offers great coverage limits at a reasonable price.
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This plan covers an amazing $1 million per person for medical evacuation and a high maximum of $2,500 for lost luggage.You have an additional 21 days from the date of your initial deposit to add a cancel-for-any-reason plan upgrade. The accident and illness coverage is the main one, and it covers up to $100,000.
The policy’s maximum trip delay coverage of $750 starts after a six-hour delay and includes up to $100 per day in kennel fees and reimbursement for extra food and lodging costs.
2. AXA’s Silver Plan is for those on a budget.
The Silver Plan is AXA’s entry-level plan, with more value added than most low-cost insurance solutions, including the company’s concierge service. This plan covers the full cost of trip cancellations and delays, and it also gives you $100,000 for emergency medical evacuation.
In the event that your wallet or passport is stolen while you’re travelling, the plan also provides assistance with filing and collecting police and credit reports, taking inventory of lost or stolen belongings, and even wiring you emergency funds if you’re in a dire situation.
This lowest-tier plan does not include the ability to purchase a cancel for any-reason add-on or a collision damage waiver.
3. For the premium cruise traveller, John Hancock’s Gold Plan is an excellent option.
The Gold Plan from John Hancock covers up to $1 million per person for medical evacuation and repatriation. This makes it good for luxury cruises that go all over the world.The plan covers lost luggage up to $2,500 per person and gives a small benefit of $1,000 per person and $200 per day for delays of at least three hours.
This policy covers medical problems you already had, but you have to buy it within 14 days of putting down your trip deposit.
4. In order to expand medical coverage: Plan of Seven Corners’ RoundTrip Option
Unlike many other plans, Seven Corners’ RoundTrip Select Plan provides primary medical coverage for up to $500,000 in emergency accident and illness medical bills.The plan’s coverage for medical evacuation is a big $1 million, and it covers past illnesses as long as you buy the policy within 20 days of paying for your first trip payment.
The policy also provides comprehensive coverage for COVID-19, including reimbursement for medical expenses incurred if you contract COVID-19 while traveling. It includes food, local transportation, and housing if you are delayed for six or more continuous hours due to the COVID-19 quarantine.
The plan’s coverage options may be a little different depending on which U.S. state you live in.
5. World Nomads’ Explorer Plan is for the intrepid voyager.
World Nomads is one of the few insurance companies that will cover more than 200 adventure activities like scuba diving, skydiving, and bungee jumping while you travel.On the long list of things that are covered, you can find things like emergency medical costs outside of the United States, medical evacuation and repatriation, and travel delays.
The Explorer Plan from Global Nomads also covers non-medical emergency evacuation costs up to $25,000. This is in case of covered events like natural disasters, political or security incidents, or other covered events.
TripAssure’s “Silver Nomads” policy must be bought by anyone 70 years old or older.