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Travel Insurance for the Holiday Season
There’s no better time to take a well-deserved break than during the holiday season, which is why planning holiday trips is exciting yet requires forethought. You should understand that accidents and illnesses are unpredictable, and travel insurance could maximize your travel experience.
Do you know the essential coverage of travel insurance for travelers? Are you searching for a cost-effective and comprehensive travel insurance plan? This Pacific Prime article will guide you through the thought process and help you secure an ideal plan for your upcoming holiday travel.
Understanding Travel Insurance
Travel insurance helps cover financial losses associated with unexpected circumstances such as illnesses, injuries, flight interruptions, and baggage transportation delays. It reimburses the insured for expenses on incidents that fall under the scope of coverage.
Unlike health insurance, travel insurance covers emergency medical treatments only in selected locations. It emphasizes covering trip-ruining circumstances related or unrelated to health issues.
Medical Emergency Coverage
Medical emergency coverage covers the cost of medical treatment, including medicine and hospitalizations, up to the policy’s limit if you become injured or ill during your trip. It is important as travelers and visitors aren’t likely to be eligible for free healthcare abroad.
Medical evacuation coverage is also a valuable add-on to your policy should you travel to a distant area where emergency services and quality healthcare are far-reached. In the event of an emergency, you will be medivaced to the nearest treatment facility by an air ambulance.
Trip Interruption Coverage
Trip interruption coverage can be handy as it compensates for unexpected flight changes. Comprehensive travel insurance plans usually include:
- Trip Cancellation Protection: The insured can claim a full refund of pre-paid, unused, and non-refundable trip expenses. Accepted reasons range from illnesses and injuries to serious family emergencies and severe weather.
- Trip Delay Protection: The insured is covered for any trip delay-related expenses such as a hotel stay or a meal at the airport.
- Trip Interruption Protection: The insured is usually reimbursed the expenses needed to return home, plus any unused, pre-paid, and non-refundable expenses forfeited in the event of a trip cut short when something unfortunate happens.
Some travelers take a step further to secure peace of mind and financial health by opting for:
- Trip Cancellation for Any Reason: This offers the most flexibility to the insured’s travel plans, allowing trip cancellation for any reason, no less than 48 hours before the schedule, and reimbursing around 75% of the trip cost.
- Trip Interruption for Any Reason: The insured can have the freedom to return home early for any reason, usually reimbursing 75% of the insured trip cost.
Baggage and Personal Belongings Coverage
Travel insurance’s baggage coverage provides essential protection for your personal belongings during your journey, safeguarding against lost luggage, theft, and damage. This coverage ensures you won’t bear the full financial burden if mishaps occur, regardless of your location.
When selecting a policy, it’s crucial to understand coverage limits, which typically include an overall maximum, per-item limits, and special limits for high-value items. Expensive items like jewelry and electronics often have specific restrictions and may require additional coverage.
Be aware of exclusions under standard baggage protection, such as normal wear and tear, cash, and items left unattended. Certain valuables may also have restricted coverage if packed in checked baggage, and some insurers limit coverage to specific situations when items are in the custody of a common carrier.
Additional Coverage
Adventure sports coverage is one of the most popular among additional coverage. Suppose you plan to engage in high-risk activities (e.g., skiing, scuba diving), it protects you against injuries related to those activities, which may not be included in standard policies.
Recommended Travel Insurance Plans for Holiday Travels
Now that you know what coverage you should look for in a travel insurance policy, here Pacific Prime recommends three comprehensive plans that can fulfill your travel needs during the holiday seasons.
AIG Chartis
AIG’s plan features comprehensive coverage including accidental injury, medical treatment for disease during the trip, and 24/7 worldwide emergency travel and medical assistance. The table below summarizes the plan’s major scope of coverage.
| AIG Chartis (RMB ¥) | |||
| Coverage Area | Plan 1 | Plan 2 | Plan 3 |
| Travel Delay | 200 (Every 5hrs) | 200 (Every 5hrs) | 200 (Every 5hrs) |
| Medical Evacuation and Repatriation | 100,000 | 100,000 | 100,000 |
| Accidental Death and Disability | 200,000 | 300,000 | 600,000 |
| Medical Reimbursement | 30,000
(1,000 for Domestic Travel) |
40,000
(1,000 for Domestic Travel) |
50,000
(1,000 for Domestic Travel) |
| Daily Hospital Income | 50 (Per Day) | 50 (Per Day) | 50 (Per Day) |
| Compassionate Visit | 8,000 | 8,000 | 8,000 |
| Personal Liability | |||
| Premium (RMB ¥) | |||
| Insurance Period | Plan 1 | Plan 2 | Plan 3 |
| 1 Day | 25 | 35 | 50 |
| 2 Days | 30 | 40 | 65 |
| 3 Days | 35 | 45 | 85 |
| 4-5 Days | 45 | 50 | 100 |
| 6-12 Days | 60 | 80 | 120 |
| 13-18 Days | 90 | 120 | 175 |
| 19-30 Days | 120 | 180 | 240 |
| 31-45 Days | 160 | 220 | 310 |
| Annual | 430 | 605 | 1145 |
Allianz Chang Xiang Shen Zhou
Allianz’s Chang Xiang Shen Zhou plan boasts a flexible selection of coverage and limits tailored to your travel needs, offering comprehensive financial loss protection during travel and professional 24-hour global emergency medical support.
| Allianz Chang Xiang Shen Zhou (RMB ¥) | |||
| Coverage Area | Plan 1 | Plan 2 | Plan 3 |
| Accidental Medical Treatment | 100,000 | 300,000 | 500,000 |
| Emergency Medical Transportation and Return | 60,000 | 100,000 | 100,000 |
| Expenses for Family and Friend Condolences and Visits | N/A | 5,000 | 8,000 |
| Luggage Delay | N/A | 1,000 | 1,500 |
| Personal Belongings (Compensation Limit of RMB ¥1000 per piece or set of luggage of items) | 1,000 | 2,000 | 3,000 |
| Personal and Pet Responsibilities | 100,000 | 150,000 | 200,000 |
| Premium (RMB ¥) | |||
| Insurance Period | Plan 1 | Plan 2 | Plan 3 |
| 1 Day | 12 | 25 | 38 |
| 2-3 Days | 15 | 28 | 45 |
| 4-7 Days | 20 | 35 | 60 |
| 8-15 Days | 30 | 55 | 85 |
| 16-30 Days | 40 | 90 | 150 |
| 41-45 Days | 80 | 150 | 260 |
| Annual (Visits No Longer than 90 Days) | 350 | 500 | 800 |
There’s also an upgraded version “Zong Heng Shen Zhou”, which also provides trip delay and personal belonging protection, and increases the minimum evacuation coverage limit for Plan 1 to RMB ¥100,000. Travelers who are looking for this coverage can check out this plan instead.
Medilink & Huatai
Medilink & Huatai features a wide degree of domestic insurance coverage for an affordable premium, covering up to RMB ¥800,000 in accidental death or injury. This plan is ideal for travelers who would like to explore more locally in Mainland China.
| Medilink & Huatai (RMB ¥) | |||
| Coverage Area | Plan 1 | Plan 2 | Plan 3 |
| Domestic Accidental Death or Injury | 100,000 | 500,000 | 800,000 |
| Accidental Medical Treatment | 20,000 | 50,000 | 80,000 |
| Acute Conditions Medical Treatment | 2000 | 5000 | 8000 |
| Hospitalization Subsidy | N/A | 50 (Per Day) | 100 (Per Day) |
| Medical Transportation and Repatriation | 60,000 | 100,000 | 300,000 |
| Loss of Travel Document | N/A | 500 | 500 |
| Third-Party Liability | N/A | 5,000 | 10,000 |
| Trip Interruption | N/A | 500 | 1,000 |
| Luggage Delay | N/A | 500 | 500 |
| Premium (RMB ¥) | |||
| Insurance Period | Plan 1 | Plan 2 | Plan 3 |
| 1-3 Days | 10 | 35 | 70 |
| 4-7 Days | 16 | 50 | 100 |
| 8-10 Days | 28 | 100 | 200 |
| 11-15 Days | 36 | 150 | 300 |
| 16-20 Days | 48 | 240 | 480 |
| 21-30 Days | 80 | 360 | 720 |
| Annual | 120 | 800 | 1500 |
Note: Adventurous travelers can also opt for high-risk activity coverage, which will double the premium listed above.
Secure Travel Insurance with Pacific Prime
With travel insurance, you can secure personal health and your precious holiday trip all at once. There are many plans to choose from, so make sure you have taken out one that meets your healthcare needs and budget. And Pacific Prime is here to help.
We have decades of experience finding the right insurance solution for globetrotters. Our team of insurance experts can compare multiple plans at once and match you with the one you need. Once you’re abroad, we will continue supporting you with claims and insurance.
Contact us today and plan your long-awaited journey ahead!
Disclaimer: Pacific Prime solely represents, operates, and manages locally regulated insurance products and services in the territory of PR China. Any references to Pacific Prime Global Company or Group, the international services, insurance products, or otherwise stated written or verbally, is for introduction purposes about our overseas network only as each entity is fully independent.
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