You don’t have to be a frequent traveler to know that a good travel policy can save you time, hassle, and moolah. But travel insurance is not one size fits all, and new developments in the purchase process mean travelers can elect their policy while booking a flight or trip itinerary.
You, dear readers, know we’ve been proponents of an annual travel insurance policy with Allianz. That works for us but isn’t necessarily the best for someone who takes only a couple trips a year. Single trip policies are good options, but what’s the best time to buy the insurance? And how many people remember to juggle all the insurance variables while in the midst of choosing a flight time and seat? (Disclaimer: Allianz Global Assistance sponsors this and other posts on our site.)
New software developed by Allianz works right along with you during your travel booking process and matches the best travel insurance policy for you, right then. Just add on the insurance while you are booking.
This new technology is a far cry from the sort of fine-print boilerplate jumble that we all ignore. Allianz customizes the options and pricing for you depending on your type of trip and how far in advance you are booking. These are all factors you might have to consider in selecting your insurance, but that are now sorted out for you.
A recent story in Forbes summed it up like this:
“The goal: to ensure that travelers get the most appropriate product for their trip and don’t overpay for coverage. Allianz added machine-learning and artificial intelligence technology to offer real-time personalization that delivers the product recommendation in less than a second.”
Of all the variables to consider (trip cancellation, medical emergencies, policy cost, exclusions, etc.), the primary consideration ought to be what sort of company is behind the policy. Our experience filing claims with Allianz–for ailments ranging from a dog bite to Delhi belly–indicates reliable service. So it’s not surprising Allianz is applying their expertise to this new customer service approach.
Here are some of the basics that are handled during insurance purchases integrated into the booking process.
Travel Insurance Coverage
Automatically, you’ll be offered an appropriate policy, considering, for example, whether you have connecting or direct flights, or whether your trip is domestic or international.
A policy pinpointing the type of travel you are booking prevents offering coverage you're not likely to need and keeps your costs down.
If you are booking using awards miles, the Allianz offer will be a low cost, flat fee insurance policy to protect your points.
The automated process can save hours of work comparing and contrasting policy details.
The policy selection and pricing is designed to be the best available at the time of purchase. (After-booking policies are commonly priced higher.) For peace of mind, Allianz provides a 10-day review period. As long as your travel hasn’t started, you are free to request a refund if you’re not satisfied with your trip insurance.
So that's what's new in the world of purchasing travel insurance. To review all your options the old fashioned way, just visit Allianz Travel's website and get a quote today. Or check out our story about Allianz' Smart Travel Insurance Claims. You can see instantaneous payments for certain fixed-payment claims.
Once you are on your way, relax knowing you have taken best steps for stress free travel.
You can help yourself get ready for your own travels by reading our Get Started Planning Your Trip Now page.
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