When you’re planning a trip, there’s more than just booking the flight and the hotel; there’s also making sure your investment is protected from the unexpected. One of the more familiar travel insurance brands is Aegis Travel Insurance, which is part of the Go Ready Insurance division of Aegis General Insurance Agency. Having been around for decades and a variety of flexible policies, Aegis is best suited to travelers who value a policy that can accommodate their trip.
Here we will explain the cover provided by Aegis Travel Insurance, the cost of travel insurance plans and how they compare to other policies, and how to make a claim, so you can determine if it is suitable for you before you travel next.
What Is Aegis Travel Insurance?
Aegis Travel Insurance is the travel and events division of Aegis General Insurance Agency, a program administrator that has years of experience in the insurance industry. The company sells travel packages as “Go Ready” and backs up its policies with well-known insurance companies that insure both domestic and international travel, giving travelers a financial layer of protection from the companies.
Flexibility is at the core of Aegis. Instead of placing everyone in the same coverage level, it’s a range of coverage amounts and plan options that allow travelers to customize their coverage to fit their travel plans, budget and risk tolerance.
Aegis Travel Insurance Plans
Aegis has five primary types of coverage:
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Choice – Budget-friendly, single-trip coverage that provides complete coverage without any extra benefits that aren’t necessary to the traveller.
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Priority Plus – Designed for those visiting prepaid events or activities on their trips, which has Cancel For Any Reason (CFAR) as an option.
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Elite – The broadest available single trip product with the highest coverages in most benefit types.
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Cruise – Mainly designed for cruise travelers, Cruise has benefit limits that reflect typical disruptions that might occur during a cruise, such as port call cancellations.
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Trip Cancellation – A plan that covers only cancelling the trip for domestic travelers who do not wish to be covered for costs incurred on their trip.
What Does Aegis Travel Insurance Cover?
While not every Aegis plan offers the same benefits, there is a standard set of benefits for most plans, including limits on certain benefits by plan tier:
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Trip cancellation – Reimbursement for trip costs that have been paid in advance for a covered reason.
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Trip interruption – Additional reimbursement (usually greater than 100% of trip cost) when a trip is interrupted after it has commenced.
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Travel delay – Reimbursement for meals and lodging, plus travel, during a covered delay.
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Baggage coverage – Cover for loss/damage/delay of bags.
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Missed connection – Providing coverage for additional costs when missing a connecting flight or cruise departure for a covered reason.
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Emergency medical/dental – Insurance if you become ill or injured unexpectedly while travelling.
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Emergency evacuation and repatriation – coverage for medically required transport, including repatriation of remains for death overseas.
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Accidental death and dismemberment (AD&D) – A benefit that is paid if you lose a limb or your life during the trip.
Some programs also have a pre-existing condition waiver that allows customers who have recently had medical symptoms to still be eligible for coverage when purchasing the policy soon after the trip deposit.
Optional Upgrades
Visitors wishing for additional insurance have the option of adding:
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Cancel For Any Reason (CFAR) – Offers you the option of canceling for a reason that is not covered in the policy, and then getting a percentage of the money you have paid back, typically 50-75%, before departing as long as you cancel within the required window.
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Work-related cancellation – It can be helpful when someone is traveling and has an unpredictable work schedule, and they want to cancel their trip for work-related reasons.
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Add-ons – Rental car coverage and other add-ons (depending on plan).
What Isn’t Covered
Aegis, like other travel insurance companies, has specific exclusions. Common exclusions include:
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Pregnancy-related complications
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Mental health-related events
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Outdoor sports and recreational activities off-road
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Activities involving great physical exertion, for example skydiving or mountaineering
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Activities underwater below a specified depth
Check your particular policy’s certificate of coverage as there may be different exclusions in each tier.
How Much Does Aegis Travel Insurance Cost?
Travel insurance rates vary based on factors such as destination, trip length, and the cost of the trip, while age plays a significant role in determining the premium for travel insurance. Aegis travel insurance is likely to be more affordable than other big travel insurance companies, depending on these factors. Typical initial plans range in price from $60 – $70 per typical single trip, and, for higher coverage options, such as Elite or Cruise plans, those coverage levels also increase the cost of the plan.
On the positive side, travelers who aren’t looking for the maximum coverage might find Aegis offers an attractive rate when compared with its competitors, which are charging significantly more for comparable coverage.
Aegis vs Competitors
Aegis is not the only travel insurance provider you can find. There are other travel insurance companies out there besides Aegis.
Aegis, when compared to other well-known travel insurance companies, always comes across as being both cost-effective and worry-free. It is generally considered to be one of the more effective choices in the “low budget, high value option” category, particularly among visitors comparing the offerings of providers. With that said, some competitors may have medical or evacuation higher limits of coverage at a higher price point – it really depends on what kind of trip you’re going on and what kind of coverage do you need.
How to File a Claim with Aegis
Aegis travel insurance claims consist of the following steps:
Typically, a claim filed with Aegis will go through the following:
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Initial contact – Call, email or use the live chat service to report your claim and receive advice on any documents you need.
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Document pre-screening – Aegis checks your documents to ensure that everything is there.
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Submit via the online portal – After initial pre-screening, claim forms and access to the portal will be provided to upload all.
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Processing – Usually processing time for claims is 7-10 business days after receiving all documents.
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Reimbursement – The approved claims are paid, typically by check.
In addition, Aegis provides a ‘Stress Less’ benefit on some plans that enable travelers to receive certain covered expenses (such as emergency medical expenses) directly from Aegis rather than having to wait for reimbursement upon their return.
Is Aegis Travel Insurance Worth It?
If you desire a policy that is customisable without paying any high premiums, then Aegis is a good option for most travellers.
Best Suited For:
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Travelers seeking top-tier basic coverage at a reasonable cost.
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Cruise passengers who wish to receive protection specific to the cruise service.
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Travelers seeking the option of additional cancellation coverage for both CFAR and work-related cancelations.
Who Should Look Elsewhere:
Those with very high dollar trips or who desire the absolute top medical/evacuation coverage should review a few of the higher level competitors before choosing.
Frequently Asked Questions
Is Aegis a reliable travel insurance provider?
Aegis is a trusted and well known insurer, offering flexible plans such as niche plans for cruises and standalone cancellation plans.
What is the price of the travel insurance policy Aegis?
The rates depend on the age, destination, the price of the trip but the basic rates are competitive with other major agencies.
Does the Aegis travel insurance cover Covid-19?
Yes, the general medical benefits of Aegis plans include coverage for illness caused by COVID-19, as well as for any other illness.
May be I can cancel my Aegis policy and get my money back?
The majority of travel insurance firms, including Aegis, have a “free look” window (usually 10-15 days) where you can cancel the policy for a full refund and if you have not claimed or started the trip.
How long does an Aegis claim take?
After all necessary paperwork is received, claims are normally resolved within 7 to 10 working days.
Conclusion
Whether you’re booking a weekend getaway or a multi-stop international trip or cruising, Aegis Travel Insurance has a solution to help save your trip. There are several different plan options, beneficial upgrade options, and a clear claims process, making it a great option for travelers looking for reliable coverage without going overboard. As always, look at several quotes and read the whole policy before buying to ensure that coverage provided is similar to the requirements for your trip.
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