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June 1, 2020

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Insurance benefits underwritten by BCS Insurance Company (OH, Administrative Office: 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181), rated “A” (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: 9950 Mayland Drive, Richmond, VA 23233), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series, depending on your state of residence and plan chosen. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best's 13 Financial Strength Ratings. Plans only available to U.S. residents and may not be available in all jurisdictions. Allianz Global Assistance and Allianz Travel Insurance are marks of AGA Service Company dba Allianz Global Assistance or its affiliates. Allianz Travel Insurance products are distributed by Allianz Global Assistance, the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Plans include insurance benefits and assistance services. Any Non-Insurance Assistance services purchased are provided through AGA Service Company. Except as expressly provided under your plan, you are responsible for charges you incur from third parties. Contact AGA Service Company at  800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or [email protected] .

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Travel Insurance

Best travel insurance companies of May 2024

Amy Fontinelle

Heidi Gollub

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Updated 6:28 a.m. UTC May 2, 2024

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Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors' opinions or evaluations. Please view our full advertiser disclosure policy .

WorldTrips is the best travel insurance company of 2024 , based on our in-depth analysis of travel insurance policies. Its Atlas Journey Preferred and Atlas Journey Premier plans get 5 stars in our rating because of the extensive coverage they provide for the price. Both plans come with high limits for important benefits such as emergency medical and evacuation, travel delay and missed connections. WorldTrips travel insurance also offers a pre-existing medical condition exclusion waiver if you buy a plan within 21 days of making your first trip deposit.

Best travel insurance of 2024

Why trust our travel insurance experts

Our travel insurance experts evaluate hundreds of insurance products and analyze thousands of data points to help you find the best trip insurance for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content . You can read more about our methodology below.

• 1,855 coverage details evaluated.
• 567 rates reviewed.
• 5 levels of fact-checking.

Travel insurance quotes comparison

Best travel insurance companies, best travel insurance.

Top travel insurance plans

Average cost, medical limit per person, why it’s the best.

If you’re looking for the best travel insurance for international travel, WorldTrips has two top-rated travel insurance plans in our rating:

• Atlas Journey Preferred provides $100,000 per person in emergency medical benefits as secondary coverage, with the option to upgrade to primary coverage. Primary coverage means you don’t have to first file a medical claim with your health insurance company. Atlas Journey Preferred is also the best travel insurance for cruises with $1 million in coverage for emergency evacuation.
• Atlas Journey Premier costs more but gives you $150,000 in travel medical insurance with primary coverage. This plan is a good option if health insurance for international travel is a priority. It also has $1 million in emergency evacuation coverage.

Pros and cons

• Atlas Journey Preferred is the cheapest of our 5-star travel insurance plans.
• Atlas Journey Premier has $150,000 in primary medical coverage.
• Both plans have top-notch $1 million per person in medical evacuation coverage.
• Each plan includes travel inconvenience coverage of $750 per person.
• 12 optional upgrades, including destination wedding and rental car damage and theft.
• No non-medical evacuation coverage.

Customer reviews

WorldTrips has a rating of 4.27 stars out of 5 on Squaremouth, based on 411 reviews of policies purchased through the travel insurance comparison site since 2008.

Best travel insurance for emergency evacuation

Travel insured international.

Top travel insurance plan

If you’re traveling to a remote area, consider Travel Insured International’s Worldwide Trip Protector. It has the best travel insurance for emergency evacuation of travel insurance policies in our rating. This top travel insurance plan provides up to $1 million in emergency evacuation coverage per person and $150,000 in non-medical evacuation per person. It also has primary coverage for travel medical insurance benefits.

• Only plan in our rating that offers $150,000 in non-medical evacuation coverage.
• $500 per person baggage delay benefit only requires a 3-hour delay.
• Optional rental car damage benefit up to $50,000.
• Missed connection benefit of $500 per person is only available for cruises and tours.

Travel Insured International has a rating of 4.39 stars out of 5 on Squaremouth, based on 3,402 reviews of policies purchased on the travel insurance comparison site since 2004.

Best travel insurance for missed connections

If you’re looking for good travel insurance for missed connections , it’s worth considering TravelSafe. Its Classic plan includes $2,500 in missed connection coverage for each person on the plan. Some travel insurance companies only provide missed connection coverage for cruises and tours, but TravelSafe doesn’t impose that restriction.

• Best-in-class $2,500 per person in missed connection coverage.
• $1 million per person in medical evacuation and $25,000 in non-medical evacuation coverage.
• Generous $2,500 per person baggage and personal items loss benefit.
• Most expensive of our best-rated travel insurance plans.
• No “interruption for any reason” coverage option.
• Weak baggage delay coverage of $250 per person after 12 hours.

TravelSafe has a rating of 4.3 stars out of 5 on Squaremouth, based on 1,506 reviews of policies purchased on the travel insurance comparison site since 2004.

Best trip insurance for traveling with a pet

Go Ready Choice by Aegis has the most affordable travel insurance of the best-rated travel insurance companies in our rating. It’s also the best trip insurance for pet parents , with an optional Pet Bundle add-on that includes pet medical, pet kennel and pet return benefits.

• Cheapest of our best trip insurance plans.
• Optional pet bundle adds pet medical expense and pet return benefits.
• Low emergency medical and evacuation limits.
• Low missed connection benefit of $500 per person for cruises and tours only.
• Low baggage and personal items loss benefit of $500 per person.

Aegis has a rating of 4.06 stars out of 5 on Squaremouth, based on 1,111 reviews of policies purchased on the travel insurance comparison site since 2013.

Best travel insurance for families

Top-scoring plan

Travelex Insurance Services has the best travel insurance for families because you can add kids aged 17 and younger to your Travel Select plan at no additional charge.

• Free coverage for children 17 and under on the same policy.
• Robust travel delay coverage of $2,000 per person ($250 per day) after 5 hours.
• Hurricane and weather coverage after a common carrier delay of any amount of time.
• Low emergency medical coverage of $50,000 per person.
• Non-medical evacuation is not included.
• Low baggage delay coverage of $200 requires a 12-hour delay.

Travelex has a rating of 4.43 stars out of 5 on Squaremouth, based on 2,048 reviews of policies purchased on the travel insurance comparison site since 2004.

Best travel insurance for add-on coverage options

Travel Guard Preferred from AIG allows you to customize your policy with a host of available upgrades, making it the best traveler insurance for add-on options . These include “cancel for any reason” (CFAR) coverage , rental vehicle damage coverage and bundles that offer additional benefits for adventure sports, travel inconvenience, quarantine, pets, security and weddings.

There’s also a medical bundle that increases the travel medical benefit to $100,000 and emergency evacuation to $1 million. This is a good option if you’re looking for foreign travel health insurance.

See our full AIG travel insurance review

• Bundle upgrades allow you to customize your travel insurance policy.
• Emergency medical and evacuation limits can be doubled with optional upgrade.
• Base travel insurance policy has relatively low medical limits.
• $300 baggage delay benefit requires a 12-hour delay.
• Optional CFAR upgrade only reimburses up to 50% of trip cost.

Best travel insurance for cruise itinerary changes

Nationwide’s Cruise Choice plan is good travel insurance for cruises . It has a $500 per person benefit if a cruise itinerary change causes you to miss a prepaid excursion.

Cruise Choice also has a missed connections benefit of $1,500 per person after only a 3-hour delay when you’re taking a cruise or tour. But note that this coverage is secondary coverage to any compensation provided by a common carrier.

• Benefits for cruise itinerary changes, ship-based mechanical breakdowns and covered shipboard service disruptions.
• Non-medical evacuation benefit of $25,000 per person.
• Missed connection coverage of $1,500 per person for tours and cruises, after a 3-hour delay.
• Baggage loss benefits of $2,500 per person.
• Travel medical coverage is secondary.
• Trip cancellation benefit for losing your job requires three years of continuous employment.
• No “cancel for any reason” upgrade available.

Nationwide has a rating of 4.02 stars out of 5 on Squaremouth, based on 570 reviews of policies purchased on the travel insurance comparison site since 2018.

What is the best travel insurance?

The best travel insurance for international travel is sold by WorldTrips, according to our in-depth trip insurance comparison.

The best travel insurance plan for you will depend on the trip you are planning and the coverage areas that are most important to you.

• Best cruise travel insurance
• Best COVID travel insurance
• Best “Cancel for any reason” travel insurance
• Best senior travel insurance

Best travel insurance for cruises

The best cruise travel insurance is Atlas Journey Preferred sold by WorldTrips . This plan offers solid travel insurance for cruises for a low rate.

Via TravelInsurance.com’s website

Best travel insurance for COVID-19

The best COVID travel insurance is the Trip Protection Basic plan sold by Seven Corners . It is a relatively low cost travel insurance plan with optional “cancel for any reason” coverage that reimburses up to 75% of your prepaid, nonrefundable trip expenses.

Best travel insurance for “cancel for any reason” 

The best “cancel for any reason” (CFAR) travel insurance is Seven Corners’ Trip Protection Basic. Adding CFAR coverage to a RoundTrip Basic plan only increases the cost by about 40%, which is lower than other plans we analyzed. For the extra cost, you get coverage of 75% of your prepaid, nonrefundable trip expenses, as long as you cancel at least 48 hours before your scheduled departure.

Best travel insurance for seniors

The best senior travel insurance is the Gold plan sold by Tin Leg . It is an affordable travel insurance plan with travel medical primary coverage of $500,000 and a pre-existing conditions waiver if you insure the full amount of your trip within 14 days of your first trip deposit.

How much is travel insurance?

The average cost of travel insurance is 5% to 6% of your prepaid, nonrefundable trip costs . 

How much you pay for travel insurance will depend on:

• The cost of your trip.
• Your destination.
• The length of your trip. 
• The ages of travelers being insured.
• Your state of residence.
• The travel insurance policy you choose.
• The total coverage amounts in your policy.
• Any travel insurance add-ons you select. 

Here are average travel insurance rates for a 30-year-old female who is insuring a 14-day trip to Mexico.

Looking to save? Discover cheap travel insurance options.

How much travel insurance should I buy?

Travel insurance companies typically offer several plans with varying maximum limits. The higher the coverage limits, the more you’ll pay for travel insurance. 

Squaremouth, a travel insurance comparison site, recommends the following coverage limits for international travel: 

• Emergency medical coverage: At least $50,000. 
• Medical evacuation coverage: At least $100,000. 

If you’re going on a cruise, or to a remote location, Squaremouth recommends: 

• Emergency medical coverage: At least $100,000. 
• Medical evacuation coverage: At least $250,000.

When evaluating travel insurance plans, our team of insurance analysts considered the best medical travel insurance policies to have at least $250,000 in emergency medical coverage and at least $500,000 in medical evacuation coverage. 

When should I buy travel insurance?

The best time to buy travel insurance is within two weeks of making your first nonrefundable travel payment, whether it’s for a plane ticket, hotel stay, cruise or excursion. 

Travel insurance costs the same whether you buy it early or last minute, and buying it early has added benefits: 

• You may be able to add on “ cancel for any reason” (CFAR) coverage , an upgrade that is typically only available for a limited time after you’ve started paying for your trip. 
• You may qualify for a pre-existing medical conditions exclusion waiver, meaning your pre-existing conditions will be covered by travel insurance. This waiver is generally added to your policy automatically, provided you buy the travel insurance within a certain window after your first trip deposit.
• You will be covered over a longer period of time for unforeseen events that could cause you to cancel your trip, such as medical emergencies, inclement weather and natural disasters. 

Expert tip: You can buy travel insurance up to the day before you leave on your trip, but waiting may cost you the opportunity to qualify for a pre-existing conditions exclusion waiver or to buy a “cancel for any reason” upgrade.

Where can I buy travel insurance?

You can buy a travel insurance plan:

• Online. Visit a travel insurance company’s website to buy a policy directly or use a comparison website like Squaremouth or Travelinsurance.com to see your options and compare plans. You may also be able to purchase travel insurance online through an airline, cruise, hotel, rental car company or other provider you book a ticket with.
• In person. A travel agent or insurance agent may be able to assist you in buying travel insurance.

Travel insurance trends in 2024

Americans are changing the way they travel and this includes buying travel insurance when they might have skipped it in the past. As spending on trips continues to rise , travelers have more to lose if their plans are disrupted. 

Based on travel insurance quote requests on the Squaremouth website last month, these are the main benefits travelers are looking for in a travel insurance policy.

*Source: Squaremouth.com. Travel insurance quote filter usage from March 24 to April 23, 2024.

Methodology

Our insurance experts reviewed 1,855 coverage details and 567 rates to determine the best travel insurance of 2024. For companies with more than one travel insurance plan, we shared information about the highest-scoring plan.

Insurers could score up to 100 points based on the following factors:

• $3,000, 8-day trip to Mexico for two travelers age 30.
• $3,000, 8-day trip to Mexico for two travelers age 70.
• $6,000, 17-day trip to Italy for two travelers age 40.
• $6,000, 17-day trip to Italy for two travelers age 65.
• $15,000, 17-day trip to Italy for four travelers ages 40, 40, 10 and 7.
• $15,000, 17-day trip to France for four travelers ages 40, 40, 10 and 7.
• $15,000, 17-day trip to the U.K. for four travelers ages 40, 40, 10 and 7.
• Medical expenses: 10 points. We scored travel medical insurance by the coverage amount available. Travel insurance policies with emergency medical expense benefits of $250,000 or more per person were given the highest score of 10 points.
• Medical evacuation: 10 points. We scored each plan’s emergency medical evacuation coverage by coverage amount. Travel insurance policies with medical evacuation expense benefits of $500,000 or more per person were given the highest score of 10 points.
• Pre-existing medical condition exclusion waiver: 10 points. We gave full points to travel insurance policies that cover pre-existing medical conditions if certain conditions are met.
• Missed connection: 10 points. Travel insurance plans with missed connection benefits of $1,000 per person or more received full points.
• “Cancel for any reason” upgrade: 5 points. We gave points to travel insurance plans with optional “cancel for any reason” coverage that reimburses up to 75%.
• Travel delay required waiting time: 5 points. We gave 5 points to travel insurance policies with travel delay benefits that kick in after a delay of 6 hours or less.
• Cancel for work reasons: 5 points. If a travel insurance plan allows you to cancel your trip for work reasons, such as your boss requiring you to stay and work, we gave it 5 points.
• Hurricane and severe weather: 5 points. Travel insurance plans that have a required waiting period for hurricane and weather coverage of 12 hours or less received 5 points.

Some travel insurance companies may offer plans with additional benefits or lower prices than the plans that scored the highest, so make sure to compare travel insurance quotes to see your full range of options.

Best travel insurance FAQs

According to our analysis, WorldTrips has the best trip insurance. Two of its plans — Atlas Journey Preferred and Atlas Journey Premier — get 5 stars in our rating.

The best travel insurance policy for you will depend on what type of coverage you need. With so many different policies and carriers, the policy that was best for your friend’s trip to California might not be ideal for your trip to Japan. If you’re looking for the best travel insurance for international travel, you may be willing to pay more for higher coverage levels.

A comprehensive travel insurance plan bundles several types of travel insurance coverage, each with its own limits. To ensure you have adequate financial protection for your trip, your travel insurance policy should include the following travel insurance coverages:

• Trip cancellation . With trip cancellation insurance , you’re covered if you need to call off your trip because of a reason listed in your policy, such as unexpected illness, injury or death of you, a family member or a travel companion, severe weather, jury duty and your travel supplier going out of business. 
• Travel delay. Once your trip has started, travel delay insurance reimburses you for unexpected expenses you incur after a minimum delay, such as five hours. It can cover needs like airport meals, transportation and even overnight accommodation. 
• Trip interruption. If you need to cut your trip early for a reason listed in your policy, trip interruption insurance can reimburse you for any prepaid, nonrefundable payments you’ll lose by leaving early. It can also pay for a last-minute one-way ticket home. 
• Travel medical . Emergency medical benefits are especially important if you need international health insurance for travel outside of the country. Your domestic health insurance may provide limited coverage once you leave the U.S. The best travel medical insurance pays for ambulance service, doctor visits, hospital stays, X-rays, lab work and prescription medication you may require while traveling. 
• Emergency medical evacuation. If you’re traveling to a remote area, or planning excursions such as boating to an island, emergency medical evacuation coverage is a good idea. This coverage pays to transport you to the nearest adequate medical facility if you are injured or sick while traveling. 
• Baggage delay. After a certain waiting period, such as six or 12 hours, this coverage will reimburse you for necessities you need to buy to tide you over while you wait for your bag to arrive. Be sure to save your receipts and look at your coverage limit, as some caps are low, like $200. 
• Baggage loss. Baggage insurance can reimburse you if your bag never arrives, or if your personal belongings are stolen during your travels. Coverage limits apply here, as well as exclusions for certain items such as electronics.  

“Typically, travelers are expected to pay their expenses out of pocket, and then file a claim for reimbursement,” said James Clark, spokesperson for Squaremouth. “However, there are medical situations in which a provider may be required to pre-authorize payment to make sure the policyholder receives the treatment they need.”

According to Clark, “Providers can pre-authorize payment for medical care and emergency evacuations. With that said, every circumstance is unique, and providers will handle each situation on a case-by-case basis.”

Travel insurance covers your prepaid, nonrefundable trip costs — as well as extra money you may need to spend due to unforeseen circumstances and emergencies — both before and during your trip.

Travel insurance coverage varies by plan, but in general travel insurance covers costs associated with these problems: 

• Bankruptcy of a travel insurance company, such as your airline or tour operator. 
• Dangerous weather conditions.
• Delayed and lost luggage.
• Illness or death in your family that requires you to stay home or cut your trip short.
• Illness that needs medical attention.
• Injury requiring medical evacuation.
• Jury duty. 
• Travel delays and missed connections.
• Theft of your personal belongings while traveling.
• Unexpected job loss. 

Travel insurance policies often exclude or limit “foreseeable” losses. Typical travel insurance exclusions include:

• Accidents or injuries caused by drinking or drug use.
• Canceling your trip because you changed your mind.
• Ending your trip early because you changed your mind.
• Losses caused by intentional self harm, including suicide.
• Losses due to war, civil disorder or riots.
• Medical tourism.
• Medical treatment for pre-existing conditions.
• Mental health care.
• Natural disasters that begin before you buy travel insurance.
• Non-medical evacuation.
• Normal pregnancy. 
• Medical treatment related to high-risk activities.
• Routine medical care, such as physicals or dental care.
• Search and rescue.

Your U.S. health insurance may provide little or no coverage in foreign countries. Check with your health insurance company to see if you have any global benefits and ask how they work. If your health care does extend across the border, the benefits it provides abroad may not be the same benefits it provides domestically. 

Medicare usually won’t pay for health care outside of the United States and its territories, so older travelers planning an international trip should look into the best senior travel insurance with robust medical benefits. 

The best time to buy travel insurance is immediately after booking your trip and making a nonrefundable payment — in other words, as soon as you’re at risk of losing money. This way, you’ll know the total cost that you need to insure and you’ll have the longest window to take advantage of your policy’s benefits if something goes wrong.

You can’t wait until something goes wrong and then buy travel insurance to get reimbursed for your loss. Travel insurance only covers unexpected losses.

Travel insurance companies can decline to cover travel to certain countries. For example, you may find that some trip insurance companies don’t offer coverage to countries with a Level 4: Do Not Travel advisory from the U.S. State Department. 

Travel insurance policies also frequently exclude certain risks that you’re more likely to encounter in Level 4 or Level 3 countries. For example, your policy may not cover losses related to declared or undeclared wars or acts of war or losses related to known or foreseeable conditions or events. 

Some credit cards , such as the Chase Sapphire Preferred® Card , offer benefits such as trip cancellation and interruption insurance, baggage delay insurance and trip delay reimbursement when you use your card to pay for your trip.

Ask your credit card issuer for your card’s benefits guide to see what coverage you may have. Keep in mind that it may not cover all the risks you want to protect against, such as the cost of international health care or emergency medical evacuation .

Business travel insurance makes sense if you are self-employed and paying for your own travel expenses, or if you are traveling internationally and want medical coverage abroad.

You might also consider buying travel insurance for a business trip if your company won’t cover extra expenses if your flight is delayed or you need to head home early.

Cruise travel insurance can help protect you financially if you need emergency medical care in a remote location, or if a delayed flight causes you to miss embarkation and you need to pay extra to catch up to your cruise.

Experts caution that travel insurance you buy through a cruise line may not be as comprehensive as plans you can buy directly from travel insurance companies.

Some travel insurance plans cover rental cars as an optional upgrade, for an additional cost. The 5-star rated travel insurance companies in our rating offer these optional rental car benefits:

• Travel Insured International — Rental car damage and theft coverage of $50,000.
• WorldTrips — Rental car damage and theft coverage of $50,000 with a $250 deductible. 

Travel insurance typically only covers a single trip, although your insured trip can have multiple destinations. 

If you’re looking to insure several trips in the same year, annual travel insurance may be a good option for you.

Travel insurance may be required, depending on the country you plan to visit. But it’s smart to consider buying a travel insurance policy for international travel, even when it is not required. A good travel insurance policy can protect you financially if you need emergency medical assistance when traveling, or if you need to cut your trip short and buy a last-minute plane ticket home because an immediate family member is ill. 

Wondering if travel insurance is worth it? What travel insurance covers

Editor’s Note: This article contains updated information from previously published stories:

• Spirit Airlines scrubs 60% of its Wednesday flights, says cancellations will drop ‘in the days to come.’
• ‘Just a parade of incompetency’: Spirit Airlines passengers with ‘nightmare’ stories want more than apology, $50 vouchers
• ‘This is not our proudest moment’: Spirit Airlines CEO says more flight cancellations expected this weekend
• Hurricane Irma: Flight cancellations top 12,500; even more expected
• Is an annual travel insurance policy right for you?
• How 2020 and COVID-19 changed travel forever – and what that means for you
• COVID-19 or delta variant have you ready to scrap your trip? Here’s how to cancel like a pro
• Sunday: Snow is over, but flight cancellations top 12,000
• After nearly 13,000 Harvey cancellations, Irma is new threat to airline flights
• What’s the difference between travel insurance and trip ‘protection’?
• How to choose the right travel insurance for your next vacation
• Travel insurance can save the day
• Angry passengers brawl after Spirit cancels flights
• What to do when travel insurance doesn’t work
• How lockdowns, quarantines and COVID-19 testing will change summer travel in 2021
• Travelers will pay and worry more on summer vacation this year. But they won’t cancel
• How to find a hotel with COVID testing and quarantine facilities wherever you travel
• Yearning to travel in 2022? First, figure out your budget – then pick a destination
• Pro tips for surviving a long flight during a pandemic: Get the right mask, bring a pillow
• Want to steer clear of contracting COVID-19 on your next vacation? Follow these guidelines
• Post-pandemic travel: Is it OK to ask another passenger’s vaccine status or request they mask up?
• These days, forgetting these important travel items could cost you thousands of dollars
• International travel hacks: When to book flights and hotels, how to deal with COVID-19 rules
• Traveling post-coronavirus: How do you book your next trip when so much remains uncertain?
• The COVID-19 guide to holiday travel – and the case for why you shouldn’t go this year
• Should you travel during the holidays? Americans struggle with their decision
• ‘There’s still pent-up demand’: What you should know about fall travel
• Planning for life after coronavirus: When will we know it’s safe to travel again?
• ‘Busiest camping season’: Travelers choose outdoor recreation close to home amid COVID-19 pandemic
• Considering a camping trip this summer? Tips to make sure your gear is good to go
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• Five myths about travel agents
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• Is travel insurance stacked against you?
• Five myths about travel insurance and terrorism
• These eight things could get your travel insurance claims rejected
• There’s a good chance that your credit card already gives you some kind of travel insurance coverage
• How to avoid a hotel cancellation penalty
• Change fees and travel insurance continue to rise

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

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Amy Fontinelle has more than 15 years of experience helping people make informed decisions about their money, whether they’re refinancing a mortgage, buying insurance or choosing a credit card. As a freelance writer trained in journalism and specializing in personal finance, Amy digs into the details to explain the products and strategies that can help (or hurt) people seeking greater financial security and wealth. Her work has been published by Forbes Advisor, Capital One, MassMutual, Investopedia and many other outlets.

Heidi Gollub is the USA TODAY Blueprint managing editor of insurance. She was previously lead editor of insurance at Forbes Advisor and led the insurance team at U.S. News & World Report as assistant managing editor of 360 Reviews. Heidi has an MBA from Emporia State University and is a licensed property and casualty insurance expert.

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4 Best Long-Term Travel Insurance in 2024 (w/ Prices)

Home | Travel | 4 Best Long-Term Travel Insurance in 2024 (w/ Prices)

Planning on taking an extended trip soon? Long-term travel insurance is the perfect choice for travelers who are embarking on a long-term trip and need medical- and travel-related coverage.

Of course, insurance for long-term travel isn’t necessary for every traveler, particularly if you don’t take trips that are longer than three months. However, long-stay travel insurance is useful for anyone who is studying abroad, working abroad temporarily, taking a gap year, or simply traveling for a long period of time.

When I first moved to the US, I wasn’t sure if I would stay permanently, so I purchased a long-term travel insurance policy from Heymondo , knowing that it would save me money and give me coverage if I experienced any medical emergencies. It was exactly what I needed at the time.

5% OFF your travel insurance

As soon as I decided to live in the US permanently, I switched to insurance with more medical coverage beyond emergency situations since extended-trip travel insurance is not suitable for expats who want routine medical care.

If extended-stay travel insurance is what you need, keep reading, because we have compared the best long-term travel insurance plans (Heymondo, World Nomads, Travelex, and SafetyWing) and can help you choose which of these is best for your trip.

What is long-term travel insurance?

Long-stay travel insurance coverage comparison

• Long-stay travel insurance price comparison
• Best long-term travel insurance companies

Long-term travel insurance is insurance for anyone taking a long-term trip who needs medical expenses and trip-related coverage. Any trip that lasts a minimum of 90 days and a maximum of one or two years (depending on the long stay travel insurance company) is considered a long-term trip.

Like other travel insurance, insurance for long-term travel provides medical- and travel-related coverage for incidents like emergency medical care, trip delays, baggage loss, and repatriation. It is not suitable, however, for anyone who is permanently living abroad, especially because it only covers emergency medical expenses and not routine medical care.

Long-term travel insurance vs. annual, multi-trip travel insurance

So, is long-trip travel insurance the same thing as annual, multi-trip travel insurance ? They might sound similar, but actually, insurance for long-term travel and annual travel insurance is completely different.

Long-term travel insurance is insurance for long trips that last three months or more, while annual travel insurance covers multiple shorter trips that happen within one year. With annual travel insurance, trips are restricted to 30-90 days, so it’s not a useful option if your trip will last any longer than that. Annual travel insurance is also only helpful if you’ll be taking at least four or more trips a year.

If you are going on a single, long-term trip or are taking multiple trips within a year that will last longer than 90 days, long-stay travel insurance is the best choice for you.

Who is insurance for long-term travel for?

There are several reasons you might need insurance for long-term travel . You might be taking an extended trip, working abroad, embarking on a gap year, or more. Below are the most common and useful reasons for buying travel insurance for long-term travel :

Extended stay travel insurance for long trips

If you’re about to take a long trip that will last at least three months, you will definitely want to have travel insurance coverage, particularly for emergency medical expenses.

Long-term travel insurance will work out to be the most affordable option for your trip, especially if you don’t plan on returning to your home country before 90 days have elapsed. If you plan on going back home before 90 days have passed, then annual, multi-trip travel insurance might be more helpful for you.

Long stay travel insurance for working abroad

Are you about to be working from another country for an extended but temporary period? Having travel insurance for working overseas is a must, as it’s very possible that you’ll need emergency medical care at some point during your time abroad.

Remember to put your country of residence as your home country, not the country you will be working in temporarily. Otherwise, you will not be covered since long-term travel insurance usually does not provide coverage in your designated country of residence.

Travel insurance for expats

Although it may seem like a great idea to use long-term travel insurance as travel insurance when moving abroad , long-stay travel insurance is not intended for expats. Long-stay travel insurance only covers emergency medical expenses, so it’s not suitable for someone who lives abroad permanently and will need routine medical care and check-ups.

On top of that, whatever country you move to will now be your country of residence. Insurance for long-term travel does not generally provide coverage in your designated country of residence, so you may not be eligible for coverage anyway.

Long-stay travel insurance for students

It’s incredibly exciting to study abroad, but accidents and mishaps can and do happen, so avoid paying for emergency medical expenses and replacing stolen valuables with your own money by getting extended-stay travel insurance .

Having long-term travel insurance coverage will be especially useful if you plan on taking weekend trips to other countries that are close to the country where you are studying abroad; you can still receive the same coverage for those smaller trips (just make sure to select worldwide coverage or, if you’ll just be traveling in Europe, Europe/EU coverage).

Round-the-world trip insurance

Taking a long-term trip around the world is many people’s dream. If you are lucky enough to get to live out that dream, it’s easy to make sure your extended-stay travel insurance worldwide will cover you everywhere you want to visit.

Just make sure you select “worldwide” or “around the world” coverage when you purchase your extended-trip travel insurance . That way, you won’t have to buy individual long-term travel insurance policies for each country you visit. Best of all, you’ll be covered for any spontaneous stops you make while traveling the world.

One-way travel insurance, the best gap year travel insurance

If you’re planning on spending a full year traveling the world, travel insurance for long trips abroad is exactly what you need. You’ll benefit from worldwide emergency medical coverage, so you can receive treatment if you get injured or fall ill, as well as travel-related coverage for baggage loss and trip delays.

I recommend purchasing a one-way travel insurance plan from Heymondo or SafetyWing since both companies allow you to renew your plan from month to month. That way, if you end up coming home unexpectedly early, you won’t lose out on any money.

Insurance for digital nomads

ith so many jobs transitioning to working from home right now, it’s easier than ever to work remotely from anywhere in the world. If you have the opportunity to travel the world while working, take it, but make sure you purchase digital nomad travel insurance before you leave.

You’ll want your insurance coverage to include electronics (laptop, tablet, etc.) so that you can easily replace these crucial pieces of technology for working remotely if they get lost or stolen. Additionally, if you’ll be trying to check a lot of places off your travel bucket list, choose worldwide coverage so that you’ll have the freedom and insurance coverage to go wherever you want.

There can be many considerations to keep in mind when purchasing long-term travel insurance , but coverage is certainly the most important aspect to consider when selecting the long-stay travel insurance you want to buy.

Below, you’ll find a long-stay travel insurance comparison that shows you the differences in coverage among the Heymondo, World Nomads, Travelex, and SafetyWing plans.

Long-term travel insurance price comparison

If you want a better idea of how much long-term travel insurance costs based on the length of your trip and/or the specific coverage you choose, below is a chart comparing the prices of 1-month, 3-month, 6-month, 8-month, and 1-year long-term travel insurance as well as the prices of long-stay travel insurance, annual multi-trip travel insurance, and cancellation insurance.

The price of long-term travel insurance will be impacted by several different factors, including your age, nationality, and state of residence (if you live in the US).

To give you an idea of how much insurance for long-term travel costs, I’ve used the example of a 30-year-old American citizen who lives in Pennsylvania and needs worldwide coverage to generate quotes for this long-stay travel insurance price comparison .

Best long-term travel insurance

As you can see from the charts above, each of the four long-term travel insurance plans I compared has its merits.

Heymondo offers the highest emergency medical expense coverage, plus it’s the only insurance for long-term travel that pays your medical expenses upfront, so you don’t need to file a claim after your trip to get reimbursed. I will say, however, that it’s not the cheapest long-haul travel insurance and it does have a deductible of $100 for emergency medical expenses. Still, I do think it is the best long-term travel medical insurance if you want ease and convenience.

SafetyWing ’s Nomad Insurance also provides very good coverage, but their deductible for emergency medical expenses is $250. In spite of this slight drawback, SafetyWing stands out as the best insurance for digital nomads since you can sign up for a plan and it will automatically be renewed every four weeks.

Travelex , on the other hand, has the cheapest travel insurance for long-term travel (for trips of six months or more). For shorter trips, there are other, cheaper options. Travelex’s plan has no deductible, but its emergency medical coverage is also very limited, so I would think twice before going on a long-term trip with such a small amount of coverage.

Last but not least, World Nomads offers the best gap year travel insurance. The emergency medical expense coverage is perhaps a little low, but it is at least higher than Travelex’s medical coverage. There is no deductible for medical expenses, but you will need to pay out of pocket and then file a claim to get reimbursed if you receive emergency medical treatment.

As you can see, the best long-stay travel insurance for you will depend on your needs and type of trip, so keep reading to learn more about each plan.

1. Heymondo , the best long-term travel medical insurance

Personally, I consider Heymondo the best long-term travel medical insurance since its Top plan provides the highest amount of emergency medical expenses and evacuation and repatriation coverage. It’s also one of the only types of travel insurance with COVID coverage that covers COVID testing required by a doctor. Moreover, you can easily extend your plan by anything from two weeks to eight months whenever you want to.

Best of all, you won’t have to worry about waiting to get reimbursed for medical expenses since Heymondo pays your medical expenses directly and upfront for you, removing the hassle of the claim-filing process. Heymondo also makes it easy to tailor your insurance for long-term travel to fit your needs since you can add optional electronic and/or adventure sports coverage to your plan.

Heymondo’s Top plan does have its limitations, though. There is a $100 deductible for medical expenses, which means you’ll have to pay $100 towards any medical bills before Heymondo pays the rest for you. This long-stay travel insurance also lacks trip cancellation coverage; you will need to buy that coverage independently here.

If you want cheap long-term travel insurance , Heymondo is ideal; its plans already provide very good value for the money, plus you can save an extra 5% on their insurance with the discount link below.

Heymondo is also the best travel insurance company for single trips. We currently have their travel insurance and have used their assistance app more than once. Heymondo has always been there to help us when things go wrong during our trips.

2. World Nomads , the best gap year travel insurance

If you’re taking a gap year, you’re probably interested in breaking out of your comfort zone and having a real adventure. In that case, World Nomads is the perfect travel insurance for living abroad for a year and trying new things.

Its Standard plan includes adventure sports and activities coverage, so you can try everything from trekking and ice fishing to hockey and horseback riding and still be covered for accidents and injuries. Moreover, you’ll benefit from solid overall coverage for emergency medical expenses, evacuation and repatriation, trip cancellation, trip delay, and baggage loss.

Even better, there’s a $0 deductible for medical expenses, so you won’t have to pay a cent out of pocket toward your medical bills. However, World Nomads’ long-term travel insurance is the most expensive out of all the ones I compared, so if you want to save a lot of money and get similar or better coverage, Heymondo may work better for you.

3. Travelex , the best travel insurance for long-term travel

Travelex ’s Travel Select long-trip travel insurance has a lower amount of emergency medical coverage than the other insurance plans I have compared, and I personally wouldn’t feel protected traveling with such a low amount of medical coverage on a long-stay trip. However, Travelex is a viable option if you’re traveling on a budget for more than six months because it’s really cheap (and has a $0 deductible for medical expenses)!

Travel-related coverage is another story since Travelex has the highest amount of trip cancellation and trip delay coverage of all the plans I compared. It’s the best plan to choose if you anticipate experiencing any travel mishaps. You’ll also enjoy great baggage loss and evacuation and repatriation coverage.

If you would rather benefit from more medical coverage for a similar price, Heymondo is the best choice for you.

4. SafetyWing , the best insurance for digital nomads

SafetyWing ’s Nomad Insurance lives up to its name by being the best insurance for digital nomads . Not only is Nomad Insurance a cheap long-stay travel insurance , but it also provides a high amount of medical-related and baggage loss coverage.

On top of that, you can choose to have your insurance renew itself automatically every 28 days. Automatic renewal will save you time and money; ensure you don’t forget to renew so you’re always covered; and provide you with more flexibility if you haven’t decided when to end your trip yet. Just select a start date (but not an end date) when you buy Nomad Insurance and keep renewing until you want to go home, at which time you can select an end date.

Nothing’s perfect, however, and unfortunately, SafetyWing’s Nomad Insurance is no exception. There’s a $250 deductible for medical expenses, which means you’ll have to pay $250 out of pocket for medical treatment before SafetyWing will cover medical expenses for you.

SafetyWing also lacks trip cancellation coverage, which can be very useful if you have to cancel a trip due to weather, illness, injury, or many other reasons. If you want a lower deductible, go with Heymondo instead, and if trip cancellation coverage is important to you, choose World Nomads or Travelex .

What does long-term travel insurance cover?

The best travel insurance for long-term travel will usually include the following types of coverage:

• Emergency medical expenses : This is probably the most important type of coverage as well as the coverage you are most likely to need while traveling. Accidents, injuries, and illnesses can happen at any time, so having emergency medical expense coverage will ensure that you don’t have to pay out of pocket for hospitalization or medical transportation.
• Evacuation and repatriation : Hopefully, you’ll never have to use evacuation and repatriation coverage, but it is useful to have. Insurance for long-term travel with evacuation and repatriation coverage will pay for the transportation costs of taking you from a remote area to the nearest hospital or sending you back to your home country if you fall seriously ill or have an accident.
• Trip delay : Unfortunately, travel does not always go smoothly; your flight could be delayed due to inclement weather or an airline issue. If that does happen, long-stay travel insurance ’s trip delay coverage will cover expenses, such as meals and accommodation, that are incurred because of a several-hour delay.
• Baggage loss : Even when you take precautions to keep your belongings safe, there’s still a chance an airline could lose or damage your bags, or a pickpocket could take your purse. In any case, long-term travel insurance with baggage loss coverage will reimburse you for any valuables that are lost or damaged, so you won’t have to replace them with your own money.

Is long-term travel insurance worth it?

Ultimately, yes, long-term travel insurance is worth it for extended trips, working abroad temporarily, and taking a gap year. It’s also a great alternative for international student insurance . In all of these situations, insurance for long-term travel will ensure that you get the medical- and travel-related coverage you need without having to break the bank.

As you’ve seen in the long-term travel insurance comparison chart above, Heymondo is the best long-stay travel insurance in terms of medical coverage. It offers the highest amount of emergency medical expense and evacuation and repatriation coverage.

Heymondo’s extended-stay travel insurance also provides the convenient flexibility of being able to renew your policy for periods from two weeks to eight months, which is perfect if you haven’t yet decided when you’ll end your trip. To top it all off, you can even get 5% off their insurance just for being a Capture the Atlas reader.

If you’ll be traveling for more than six months and you’re looking for the cheapest long-stay travel insurance, then Travelex may be better for you. Just be aware of their plan’s lower amount of medical coverage.

If you have any questions about long-term travel insurance, feel free to comment below and I will happily help you out!

Ascen Aynat

22 replies on “ 4 Best Long-Term Travel Insurance in 2024 (w/ Prices) ”

Hi Ascen, we are US citizens and plan to spend about 6 months of the year in California and 6 months abroad. We have lived in California and in the past had insurance with our jobs which will now be no more. So the question is when we are are in California what is our insurance option so we can visit doctors, dentists etc. Thank you

Hi Sonu, you need standard health insurance for California and travel insurance for traveling out of the States. Travel insurance won’t cover routinary medical appointments.

Let me know if you have any questions, Ascen

Good day. Could I get overlapping coverages to address different issues? Does any of these cover rental car collision insurance during any portion of the stay? If not, what do you recommend for that?

Yes, you can hire different travel insurance to get different coverages. That is no problem.

Hi my husband was diagnosed with mestatic melonma in 2021, Weve been traveling back and forth to Moffitt overvs year now. Weve paid out over $7000 just in lodging. Do you have a plan for this??

I’m sorry about that but there is no insurance that can cover that. That is not an unforeseen issue that occurred during a trip that is mostly what travel insurance cover.

Hi There is an age limit on Heymondo 49+ not included. I am 60. Can you recommend any long stay travel insurance for this age group? Thanks Karan

Hi Karan, I recommend checking our article on senior travel insurance for the best options for you.

Hi! Do you know if you need basic medical coverage from your home country before purchasing any of these insurance plans presented above? My situation is a bit complex. I am a Canadian citizen currently living abroad (non-resident of Canada), therefore I have no basic Canadian health coverage. I am currently covered by the country I reside in (Qatar), however, once I leave, I will no longer have a residency permit and therefore no coverage here either. So when I leave, I won’t have coverage anywhere. I am planning on leaving to travel for a year, so I need long-term travel and medical coverage.

Hi Marisas, please take into account that these long-term travel insurance are travel insurance. That means that they don’t cover routine health checks or chronic diseases. They only cover you under unforeseen problems. For example, if you hire one of these long-term travel insurance and have a car accident during a trip and need surgery, the travel insurance will cover but it won’t cover cancer treatment, for example.

Hi can you recommend a travel insurance for a 7 month European trip for wife and self age 59 CA residents- many thanks

Please check the coverage for the insurance recommended in this article and choose the one that is best for you.

Hi Were planning to travel continuously for one year to Europe, Asia & med cruise. Is there a travel insurance that can cover this? Most insurances will require you to go back to your home country (US) after 60 to 90 days. Thanks

Hi Nate, I don’t believe you need to get back to the US with the Heymondo Long-Term Travel Insurance. Have you checked it out?

Hi Ascen We are a male 57years and female 58 years and we are travelling to south Africa to include Botswana Namibia Mozambique,Angola Zambia and Lesotho, we are shipping our car from Australia into south africa and will be travelling for two years we both hold Australian and UK passports Could you please recommend a medical insurance for this trip , we are not to bothered about trip cancellation baggage etc any help would be appreciated We have used world nomads previously but would consider others as well Thank you ag and rg

Hi Antony, that trip sounds amazing! If you’re doing a long-term trip like that one, I recommend Heymondo since they pay all medical expenses in advance. Just be aware of the 100$ deductible per claim.

Said that their price is very competitive and they have very high coverage.

Looking for long term insurance for cancel for any reason plus Covid coverage.

I recommend purchasing separately a long term travel insurance with Covid Coverage (I recommend this one ), and a cancel for any reason policy.

Interesting that this features Travelex and then notes: “Can get similar or better coverage for a more affordable price” From whom?

As you can see in the different comparison charts (coverage comparison chart and price comparison chart), Travelex is the one with the lower coverage, by far, and it’s only worth checking for 6-month insurance or more.

Let me know if you have any questions,

Hi! Do you know if you need basic medical coverage from your home country before purchasing any of these insurance plans presented above? My situation is a bit complex. I am a Canadian citizen currently living abroad (non-resident of Canada), therefore I have no basic Canadian health coverage. I am currently covered by the country I reside in (Qatar), however, once I leave, I will no longer have a residency permit and therefore no coverage here either. So when I leave, I won’t have coverage anywhere. I am planning on leaving to travel for a year, so I need long-term travel and medical coverage. Thanks!

Hi Melanie, no you don’t need it. You will need just long-term travel insurance and you will be covered wherever you go. Also in your home country as long that you’re traveling there and use the insurance just for emergencies (not regular checks, ongoing problems, chronic diseases, and things like that). In your situation, I think the long-term travel insurance of MONDO is your best bet.

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How Much Does Travel Insurance Cost?

• Average cost of travel insurance
• Why are there different prices?
• Find out what it costs to insure your trip

If you’re asking yourself, “how much is travel insurance?”, then you’ve come to the right place. To give you an idea of what travel insurance might cost relative to your trip, we’ve put together some highlights for you. Read on to learn more about how much travel insurance costs, what travel insurance can do for you and decide for yourself if the price is worth it. 

Also read:  Is Travel Insurance Worth It? 3 Examples Where it Pays Off

What does travel insurance cost?

While travel insurance costs vary, the average is somewhere between 4-12% of your total trip cost *.

If you’re on the fence, then consider this: an emergency situation can cost tens of thousands of dollars, but the insurance plan might be a fraction of your trip cost . If you find yourself in this scenario, then it’s easy to justify the additional upfront expense for a travel insurance plan.

At Generali Global Assistance, we offer three different plans—Standard, Preferred and Premium—which we have laid out in a handy side-by-side comparison . Each plan has a different cost, but as you step up, you receive additional coverages and coverage limits. And, whether you’re purchasing by phone or online, it doesn’t matter; the price is the same.

Generali was selected as "Best Value" travel insurance  by Business Insider

How We Calculate Your Travel Insurance Price

When you enter your information into our quote form, have you wondered what happens behind the scenes to get you the right price for travel insurance?

It’s simple to get a quote to insure your trip. You only need to answer a handful of questions and an instant later we give you custom prices for your trip and the choice between three plans with different levels of protection. You can get the quote in an instant, but in the background we’re crunching numbers to make sure you get an accurate price for the coverage you need.

We’ve found the sweet spot to ask you the right questions to offer you the best price we can, while making the quote form easy to fill out. Consider this when shopping around: If a company is asking you too few questions, they may not be able to find the most accurate price for your travel situation.

Find out more about the factors that affect the price of a travel insurance quote 

Why the different costs? Coverage differences between plans

Before choosing a travel insurance plan, here’s a snapshot of some of the coverage differences for each plan:

•  Medical and Dental coverage  reimburses you for necessary medical, surgical and emergency dental care costs if you get sick or accidentally injured while on your covered trip. Coverage is in excess of your standard coverage , except where prohibited. It’s included in all three plans but the per person limits vary from $50,000 for Standard to $150,000 for Preferred and $250,000 for Premium.

• Trip Interruption is one of the most common reasons for making a travel insurance claim.  Trip Interruption coverage  provides reimbursement for unused, non-refundable, pre-paid trip costs if your trip is interrupted due to a covered event. Also, it provides reimbursement for additional transportation costs to return home or rejoin your group. Benefit limits vary by plan: 125% for Standard, 150% for Preferred and 175% for Premium.

Find out why you shouldn't just buy the cheapest travel insurance

• If you’re traveling with sports gear, then Sport Equipment Coverage is for you. It provides coverage for lost, stolen or damaged sporting equipment and is available with the Preferred plan up to $300 per person and Premium plan up to $500 per person, but not available in the Standard plan.

• If you have a  Pre-existing medical condition , you could still have coverage, but only through the  Premium plan . See if you meet the requirements and read the sample  Description of Coverage or Policy  for full details. Also, the Premium plan must be purchased prior to or within 24 hours of final trip payment.

Learn more about travel insurance: •  What is Travel Insurance? •  Travel Insurance Comparison: How to Choose the Right Plan •  Top 5 Reasons to Get Travel Insurance

For a relatively small amount of the total trip cost, you can purchase travel insurance that can help protect against common mishaps like Trip Interruption , Trip Cancellation and Trip Delay . Costs can add up quickly for emergency medical care or events like a cancelled flight due to adverse weather or lost or stolen baggage . As a general rule of thumb, if you’re investing more in your vacation than you can afford to lose, then consider travel insurance from a reputable provider such as Generali Global Assistance .

If you’re still asking yourself, “how much does travel insurance cost?”, then you can get right to the point—plug your trip details into our Get a Quote page and find out exactly how much travel insurance will cost for your trip. And, if you need help buying travel insurance online, check out our Step-by-Step Purchase Guide .

*Actual travel insurance cost will vary depending on trip details.

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3-Month Travel Insurance Policies UK

If you’re planning on embarking on an adventure for 3 months, a 90-day travel insurance policy is what you should be on the lookout for. Whether you’re embarking on a volunteering project abroad, a gap year , a solo backpacking adventure, or a family holiday, if you need travel insurance for a 3-month trip you’ll be able to find the right policy with us.

Many people have annual travel insurance policies with their bank or as part of their financial arrangements, but these will not usually cover a 3-month trip. The maximum individual trip duration on most annual policies is usually 31 days or 45 days, and these periods cannot be extended. For longer durations, you need to select a Long Stay Travel Insurance which is intended for an extended stay abroad, such as a 3-month trip. 

Lucky for you, here at Navigator Travel Insurance we specialise in UK Long Stay Insurance, with these policies covering trip durations extending from 2 months to 18 months. In this article, we aim to share with you all of the details you should consider before securing travel insurance for a 3-month trip. With this, you can embark on your next adventure with the peace of mind of knowing that you’re covered whether you’ll be voluntarily teaching in Africa, hiring a motorcycle in America, or visiting your family in Australia. 

What Does 90-Day Travel Insurance Cover?

Before choosing any travel insurance policy, it’s important to understand exactly what you are covered for whilst you are embarking on your travels. Like most standard travel insurance policies, travel insurance for a 3-month trip often covers you for the following: 

Damage, Loss, or Theft of Your Luggage 

If your baggage is lost, damaged, or stolen whilst you are travelling, you are normally covered for the costs associated with this. It’s not uncommon for baggage to be damaged or lost, especially if your journey involves multiple layovers, which is why your travel insurance for a 3-month trip can come in handy in offering you compensation for your losses.

Long-stay travel insurance for your 3-month trip will cover you up to a certain amount if your baggage is stolen, lost, or damaged, meaning you should get some level of compensation to cover your possessions. Make sure that you read the terms of your policy to determine the maximum amount of compensation that you can get, as you want to make sure that this will cover any, or all, of your possessions if they are to be lost, damaged, or stolen.

Emergency Medical Expenses

If you find yourself needing emergency medical attention whilst you’re on your travels, your 90-day holiday insurance policy should cover you for this. Before you embark on any adventure away from home, there’s always a chance that you will be involved in an accident or sustain an injury. Thus, you want to ensure that you are covered with a suitable travel insurance policy for any medical bills you wrack up as a result of this and that you are able to return home if you’re too ill to continue your travels. 

Holiday Cancellation or Curtailment

90-day travel insurance policies should cover you for holiday cancellation or curtailment. This means that, should an event occur in which you have to cancel or cut your trip short, any expenses that you incur as a result of this should be partially, or fully, covered by your insurance provider. 

What Does 3-Month Travel Insurance Not Cover?

Whilst it’s important to consider what your travel insurance for a 3-month trip does cover, it’s equally important to research what it does not cover too. Travel insurance for 90 days will offer you important cover, such as cancellations and baggage loss, theft, or damage as mentioned above, but there are some things that they often don’t cover you for, which we’ve detailed further below:

Injuries or Accidents Related to High-Risk Activities

There may be certain activities that are covered by your 90-day travel insurance policy but, normally, this excludes high-risk activities. This is because these activities are deemed more dangerous than other low-risk activities, meaning that there’s a higher chance that you may get involved in an accident or sustain an injury. 

These high-risk activities may include rock climbing, bungee jumping, or even winter sports. So, it’s important to chat with your insurance provider to see if you’ll need additional cover to add to your 3-month travel insurance policy if you’ll be partaking in these types of activities. 

Accidents Related to Drugs or Alcohol Misuse 

If you get involved in an accident whilst under the influence of drugs or alcohol, any claim that you make on your 90-day holiday insurance policy is likely to be rejected. It may be easy to get carried away in the excitement of your trip, but should you get involved in an incident whilst you’re under the influence this can have serious financial and legal repercussions and can place others at unnecessary risk.

Travel to Regions Against Government Advice

If you’re choosing to travel to countries or regions around the world that the Foreign, Commonwealth, & Development Office (FCDO) advises against, you should take into account that your 3-month holiday insurance policy will likely not cover this. We always advise staying up to date on the FCDO advice on which regions are safe to visit and which aren’t, as this can change at any time and at short notice. 

Pre-Existing Health Conditions

If you have a pre-existing health condition, you’ll need to discuss with your travel insurance provider whether you will be covered under their 3-month travel insurance policy.  

If you have long-term or pre-existing medical conditions such as Crohn’s disease or Diabetes, this means you may have to have more in-depth conversations with a travel insurance provider to find a suitable travel insurance policy for you. In light of this, a standard 3-month travel insurance policy may not be suitable for your personal circumstances. 

Change of Heart 

If you simply decide closer to your departure time that you don’t want to embark on your trip anymore, this will not be covered by your 90-day travel insurance policy. The only circumstances in which you may be able to claim on your travel insurance plan is if the reasons for you not departing on your trip are a result of extenuating circumstances that are out of your control, not because of a change of heart. 

How Much Does 3-Month Travel Insurance Cost?

Travel insurance pricing varies as it depends on the type of 3-month travel insurance policy you choose, and the level of cover that this offers. With each type of policy, you’ll find different inclusions and exclusions, and normally you’ll find that the more expensive the policy is the more you are covered for. 

Here at Navigator Travel, we offer 90-day travel insurance policies including our Standard Long Stay or Silver and Gold Long Stay Policies. You can chat with us about the costs associated with each of these policies, or our specific volunteering , backpacker, or gap year policies which will cover you for 3-months of travel too. 

Call us today on 0161 973 6435 or chat with us via our online contact form to find the best travel insurance for 90 days for you and the costs this will incur. 

Depending on your age, you may not be covered on certain long-stay holiday insurance policies for your 3-month trip, or you may have to pay more because of your age. This is because, as we grow older, we may be more likely to need to access healthcare or receive treatment on our travels. 

If you’re an older individual looking to purchase a travel insurance policy with us, the maximum ages for our long-stay holiday insurance policies here at Navigator Travel are:

• 69 or 75 years for our Longstay and Backpacker Policy
• 59 years for our Gold and Silver Policies

However, if you’re over 65, we offer our over 65s travel insurance policies specifically for you, which are suitable for a range of trips, including those of 3 months in length. Cover for older adults can be offered for up to 94 days on our Travel Plus Policy, and for up to 6 months on our Adventures Policies. Get in touch with us now to find out further details . 

Your Health

If you have a pre-existing health condition, you may have to pay more for your 3-month travel insurance policy. This is because you may be more likely to need to receive specialist medical treatment whilst you’re travelling. 

It is always worth discussing with your travel insurance provider what your medical circumstances are before purchasing a policy. This may mean that additional cover needs to be added to your chosen policy, which is what incurs additional costs. But, this additional cost is always worth it to ensure that you remain happy and healthy on your travels. 

Duration of Your Trip

If you’re planning to travel for extended periods, this means that your insurance policy costs more than it would for say a 1-week trip or a 2-week getaway. This is because you will be covered for a longer period of time. Whilst travel insurance for a 3-month period may not be too expensive, it will be more expensive than travel insurance for a few days or weeks, so this is something to bear in mind before planning your trip. 

Your Destination

The destination that you’re travelling to may mean that your travel insurance policy costs more or less than it would in another destination. For example, the price for a travel insurance policy for a trip to the USA is more expensive than that of a policy for the same period of time, and with the same inclusions, for a holiday in Europe. This is down to destinations around the world being ranked based on how ‘high risk’ they are, and the USA is viewed as a higher risk destination than Europe. This is something that you should bear in mind when considering travel insurance pricing.

Your Luggage and Personal Possessions 

If you have lots of expensive items in your luggage and on your person, you’ll want to make sure that these will be covered by your insurance policy if they are lost, damaged, or stolen. But, the more expensive the items you have, the more expensive your insurance policy will be to cover these. For example, if you plan on taking multiple expensive gadgets, jewellery, or other items with you on your travels, your policy will likely cost more. You can purchase a more expensive policy or pay a higher premium on your insurance if you are planning on taking multiple expensive items with you on your travels. 

Activities You Plan To Do

Whenever you visit a new destination, it’s likely that you’ll be planning on partaking in some exciting activities that you may not be able to experience at home or that you have always had on your bucket list, which will leave you with some fantastic memories of your travels. 

But, depending on the activities you want to partake in, it’s likely that you’ll need to add additional cover to your insurance or choose a more expensive insurance policy, especially if these activities are high-risk. Activities including winter sports, high-altitude trekking , and skydiving are considered to be extreme activities and would need additional insurance to be added on top of your 90-day insurance policy, incurring extra costs.

3-month Travel Insurance: Frequently Asked Questions

Can you get travel insurance for longer than 90 days.

Yes, you can get travel insurance for longer than 90 days. Our long-stay travel insurance policies will cover you for trips that range in length from anywhere from 2 months up to 2 years, in some cases. So, if you plan on travelling for longer than your originally intended 90-day trip, you can definitely opt for a long-stay travel insurance policy that will cover you for your travels. 

Will I Be Able To Visit Multiple Countries? 

It is possible to visit multiple countries on a long-stay travel insurance policy, but this does need to be noted when you are choosing your insurance plan and will likely bring the cost of your policy up. 

Our multi-trip policies here at Navigator Travel will cover you for an unlimited number of short trips (ranging from 31 to 62 days) within a 12-month period. So, if you’re looking for multi-trip travel insurance for 90 days, we can help. 

Can I Extend My Travel Insurance While I’m Away?

Here at Navigator Travel, our insurance policies are flexible to your needs, meaning that you can extend the duration of your trip whilst you’re away. We don’t want to ever hinder your desire to travel, so if you want to keep making amazing memories during your adventures, you can do so by lengthening your trip whilst you’re still on it.

If you have any queries or need assistance with quotes or booking, please do not hesitate to call us on 0161 973 6435 or email [email protected]

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Tylenol Maker Kenvue to Cut 4% Jobs, Beats Quarterly Profit Estimates

The company logo for Kenvue Inc. Johnson & Johnson's consumer-health business, is displayed on during the company's IPO at the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. REUTERS/Brendan McDermid/File Photo

(Reuters) -Kenvue will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter profit.

Since its spinoff from Johnson & Johnson last year, Kenvue has focused on its 15 priority brands and in February announced it would increase its advertising spending this year.

The company said on Tuesday it targets pre-tax gross savings of about $350 million annually by 2026 through the cost-cutting program, but will incur $275 million each in restructuring expenses in 2024 and 2025.

The consumer health firm had 22,000 employees as of December end, according to its annual report.

Kenvue posted an adjusted profit of 28 cents per share for the first quarter, beating analysts' estimates of 26 cents.

"Given where investor expectations are for (Kenvue), we believe this was a solid overall print and its least noisy since becoming a public company," RBC Capital Markets analyst Nik Modi said in a note.

Kenvue's stock is down 11% so far this year, and 13% from its IPO price since listing in May last year. Shares were up 2.3% in premarket trading on Tuesday.

The self-care segment - which includes cough and cold medicine such as Tylenol and Benadryl - recorded $1.70 billion in net sales, up 3.5% year-on-year and above the average analyst estimate of $1.56 billion, according to LSEG data.

Kenvue's skin health and beauty segment, consisting of brands including Neutrogena and Clean & Clear, recorded a 5% drop in first-quarter net sales to $1.05 billion, but largely in line with estimates.

The company has pushed to improve the presence of its skin health products on store shelves in the U.S. as it looks to reverse sluggish sales over the last few quarters.

The New Jersey-based company posted first-quarter revenue of $3.89 billion, beating estimates of $3.79 billion.

(Reporting by Sneha S K and Leroy Leo in Bengaluru; Editing by Sriraj Kalluvila)

Copyright 2024 Thomson Reuters .

Tags: United States

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Money latest: Forecasts for interest rate cut have changed - as hopes for 3% next year dashed

Analysts are divided between June, August, September or even later for a first interest rate cut from 5.25%. Read their thoughts and all the rest of today's consumer and personal finance below - and listen to the latest Ian King Business Podcast as you scroll.

Tuesday 7 May 2024 16:02, UK

• Interest Rates
• 'We should charge more': Chef justifies £320 menu as he teams up with Uber Eats for 'cheap' delivery
• Average house price will be £61,500 higher by 2028
• Bank launches £175 switching offer
• Train strikes begin - everything you need to know

Essential reads

• When will interest rates be cut?
• What is the Bank of England, why isn't it called the Bank of UK, and how much is in its vaults?
• Money Problem: We discovered £600 management fee after buying flat - what can we do?
• 10 biggest mistakes people make in job interviews
• Listen to Ian King Business Podcast above and tap here to follow wherever you get your podcasts

The government is planning to overhaul its Personal Independence Payment (PIP) scheme - and one proposal is to require claimants to provide a "proof of diagnosis" letter from a healthcare professional. 

Another measure includes scrapping the current eligibility criteria and replacing it with one based on what condition or disability someone has. 

People can claim PIP payments if they have a disability or medical condition that affects their ability to carry out daily tasks.

The standard rate is £72.65 a week, while the enhanced one is £108.55, and people can also get extra payments of £28.70 or £75.75 if they struggle with mobility.

The Department for Work and Pensions (DWP) is now proposing a claimant's eligibility would be based on their clinical diagnosis by a healthcare professional, rather than on an assessment. 

Charities and campaigners have warned this could risk some medical conditions no longer being eligible for PIP if they're not deemed long-term or severe enough. 

Here's everything you need to know about PIP and potential changes...

Basically, the Bank of England is the UK's central bank.

It is different from a bank you would come across along the high street and does not hold accounts or make loans to the public.

The Bank issues bank notes that you spend and it also sets the official interest rates of the UK (otherwise known as the Bank/base rate), which directly influences savings and mortgages. 

It earned the nickname "the old lady of Threadneedle Street" back in the 1700s after a cartoon depicted then-prime minister William Pitt trying to "woo" the Bank - depicted as an old lady - for her gold reserves.

When did the Bank become independent? 

The Bank was founded in 1694 and was owned by various shareholders until it was nationalised in 1946.

It remains owned by the UK government today - but its decision-making was made independent by then-chancellor Gordon Brown in 1997 to increase confidence in the UK economy and stop politicians from influencing monetary policy for political or electoral reasons. 

What is the Bank's Monetary Policy Committee and who sits on it?

The Monetary Policy Committee (MPC) decides the Bank rate.

This generally happens every six weeks, so eight times a year, and the next meeting is on Thursday - hence which we've made it this week's Basically .

The committee is made up of nine independent members who all have expertise in economics and monetary policy.

There are also external members that ensure the MPC benefits from thinking and expertise from outside of the Bank of England.

A representative from HM Treasury also sits with the MPC at its meetings. The Treasury member makes sure the MPC is briefed on government policies, but they are not allowed to vote.

Does the Bank have any other responsibilities?

• The Bank produces £5, £10, £20 and £50 banknotes;
• It guards the value of money by keeping prices stable;
• It keeps the financial system stable by maintaining a close watch on any risks and taking action;
• The Bank also regulates and supervises all the major banks, building societies, credit unions, insurers and investment firms.

Why is it called the Bank of England when it covers the whole UK?

Quite simply, it has never changed its name since it was founded. 

It was created in 1694 after a Scotsman named William Paterson realised the nation's finances had no real system of money or credit. 

Under his direction, a successful scheme was launched in which £1.2m was loaned to the government from funds raised by subscribers who were then incorporated into the governor and company of the Bank of England. 

The money was used to support the English government in its war against France. 

It wasn't until the 19th century that the Bank took on the role of central bank. 

What is in the Bank of England's vaults? 

About 400,000 bars of gold. 

These are worth more than £200bn, making the Bank of England the second-largest keeper of gold in the world - behind the New York Federal Reserve. 

The gold is kept in nine carefully guarded underground vaults. 

Each bar costs hundreds of thousands of pounds, although the value can go up and down. 

The Bank of England's customers - who include the UK government, banks and other governments around the world - can trade their gold bars with other customers. 

When a customer trades gold it doesn't usually move - instead the name of the owner will change on the Bank's system. 

Not many people are allowed to visit the vaults, but the King and the late Queen Elizabeth II have seen them. 

Has anyone ever stolen any gold from the Bank?

The Bank says no gold has been stolen from its vaults, but there was a lucky escape in 1836 after a sewer worker doing repair work accidentally discovered an old drain that ran directly below the gold vault. 

He sent anonymous letters to the directors of the Bank, saying he had access to their gold and offering to meet them in the vault at an hour of their choosing.

When the directors gathered one night in the vault, a noise was heard from beneath the floor and the man popped up through some of the floorboards. 

A stocktake was taken afterwards, and it became clear he had not taken any gold. 

The Bank then decided to reward the sewer worker for his honesty by giving him £800 - the equivalent of about £76,000 today. 

Read other entries in our Basically... series:

The Bank of England will announce its latest base rate decision on Thursday lunchtime - but no one is expecting a cut from the current 5.25%.

It's widely thought rates have reached their peak - they've been at their highest level for 16 years since August.

But market forecasts for a June cut seem to have waned, with August or September now being priced in more heavily.

A feeling that inflation may not reach, or at least stay at, the 2% target through this year (and we've seen how inflation can prove stickier than expected with recent US figures) has led swap rates, which dictate how much it costs lenders to lend, to rise.

Thursday's decision

During March's meeting of the Bank's Monetary Policy Committee, only one of the nine members voted for a cut.

Steve Matthews, investment director at Canada Life Asset Management, doesn't see any movement from the majority eight this time - suggesting a cut isn't imminent.

"Looking ahead to Thursday... we expect an 8-1 vote in favour of no cut, with Swati Dhingra being the lone outlier. 

"While there's optimism within the Monetary Policy Committee that inflation will close in on the all-important 2% as the fuel effect falls out, the Bank of England will be deeply aware of the second-round inflation effect. 

"Rather than patting itself on the back when the 2% figure is hit, it will require clear evidence that inflation is under control rather than simply hitting a target."

High inflation is the reason rates have been elevated - squeezing people's finances and encouraging them to save tends to bring prices down.

Inflation is expected to have dropped significantly in April due to the fall in the energy price cap, and we'll get an announcement on this next Wednesday - but analysts fear it could rise again later this year.

Canada Life is of the view that this means we'll have to wait until August for a base rate cut.

Others think it could be later.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said "hopes are creeping back in about a summer interest rate cut, although September is still very much a possibility".

Some are more optimistic

Weaker employment figures in April add to the case for lower interest rates – more people looking for jobs means employers aren't under as much pressure to raise wages, which can be inflationary.

Another factor which means the BoE could drop rates before the US is that the UK has entered recession, so the committee may want to ease restrictions on the economy.

Andrew Goodwin, chief UK economist for Oxford Economics, said data on services inflation and private sector regular pay mean there is no hope for a May cut. As to whether it will even come in June or August, it's a "close call". 

However, the chair of HSBC has predicted the Bank will move in June.

Speaking at HSBC's annual general meeting today, Mark Tucker said he expected the European Central Bank and Bank of England to cut rates next month, both lowering by 150 basis points (to 3.75%) by the end of 2025.

The respect Capital Economics thinks 4% is more likely - while markets are leaning towards 4.5% come the end of next year.

Previous forecasts suggested rates could fall as low as 3% next year.

What has the Bank said?

Governor Andrew Bailey has repeatedly indicated that nothing is imminent.

"Inflation has continued to fall as expected. Cost pressures have eased, and the restrictive stance of monetary policy is working to bring inflation down. But we need to be sure that inflation will return all the way to our 2% target sustainably," he said in March. 

Spending on online subscriptions has jumped annually, boosted by series such as Baby Reindeer and Ripley.

While retail and fast-food spending contracted or remained the same over the past year, new data from Barclays noted a 10.6% increase in spending on digital content and subscriptions.

Two Netflix mini-series, Baby Reindeer and Ripley, helped drive the increase, according to Barclays. 

Continued concern about the cost of living, notably housing costs, meant spending in restaurants was down by 13% in April compared with the same period last year. 

Roughly half of the country said they were concerned about how much they spend on food and drink, according to Barclays.

Nearly 73% of people said they were actively looking for ways to reduce the cost of their weekly shop, while six in 10 shoppers said they had noticed supermarket products running out of stock. 

Despite this, 71% of people surveyed said they felt confident in their ability to manage their household finances. 

By Sarah Taaffe-Maguire, business reporter

The record profits in the wake of the Ukraine invasion are clearly behind oil and gas giant BP with the news that profits nearly halved in the first three months of 2024. 

Due to oil refinery outages and lower gas prices, the London Stock Exchange listed company reported profit down 45% to $2.72bn (£2.17bn), compared with $4.96bn (£3.95bn) last year - an even worse performance than City of London analysts had been expecting. 

The good news for shareholders is continued dividends and a maintained share buyback programme - that is likely the reason the share price has fallen only 0.14% this morning.

Overall the most valuable companies of the Financial Times Stock Exchange (FTSE) 100 index were up 1.08%.

A barrel of Brent crude - the benchmark for oil prices - was $83.54, below recent highs.

On the currencies front £1 buys $1.254 and €1.16.

The bank switching market is back after a hiatus over the last couple of weeks - with First Direct relaunching its £175 incentive on current accounts.

There are no similar deals on the market, though last week Virgin Money launched a switch offer promising 10% interest on current account balances up to £1,000 for a year.

To qualify for the First Direct incentive you must:

• Go through the full Current Account Switch Service (Cass) process
• Transfer a £1,000 balance into the account
• Switch at least two regular payments
• Use their debit card at least five times within 30 days of the account opening

Chris Pitt, chief executive of First Direct, said the £175 offer "will only be around for a limited time only".

It's worth considering, especially if you're about to apply for a mortgage or credit, that opening a new bank account can temporarily impact your credit score.

Which banks gain most from switching?

According to figures from the Current Account Switch Service (CASS), Nationwide had a net gain of 163,363 account switchers between October and December last year.

Barclays and Lloyds Bank saw more modest net gains of 12,823 and 5,800 respectively, while the rest of the UK's big banks reported net losses.

NatWest and Halifax fared worst, losing over 40,000 more switchers each than they gained.

None of these banks currently have switch incentives.

A new forecast suggests the average UK house price will be £61,500 higher in 2028.

Savills estate agent says the average value will increase by 21.6% from £285,000 in 2023 to £346,500 by 2028.

It says an improved medium-term economic outlook is behind the rise from its previous 17.9% forecast.

This year, Savills expects house prices to grow by 2.5% - rather than a 3% drop it predicted in early November.

The market remains sensitive to short-term fluctuations, it said, due to uncertainty over the timing of an interest rate cut and political uncertainty ahead of a general election.

Lucian Cook, head of residential research at Savills, said: "The outlook for 2024 has improved since our last (November 2023) forecasts as mortgage costs have nudged down slightly and are much less volatile.

"The outlook for economic growth has also slightly improved, pointing to relatively modest house price growth this year, with greater potential over the following few years."

He cautioned that wider global uncertainties have seen swap rates, which lenders use to price mortgages, rise.

He added: "Consequently, we are unlikely to see a further meaningful fall in mortgage rates this year, with the potential for short-term fluctuations in the cost of debt and house prices."

Savills used Oxford Economics and Nationwide Building Society data for its research. Its calculations were based on the second hand property market, so new build property values could perform differently.

Savills' predictions for regional house price growth over the five years to 2028:

• North West, 28.8%
• Yorkshire and the Humber, 28.2%
• Wales, 26.4%
• Scotland, 25.8%
• North East, 25.2%
• West Midlands, 23.4%
• East Midlands, 22.8%
• South West, 18.7%
• South East, 18.2%
• East of England, 18.1%
• London, 14.2%

For two days this week, Londoners will be able to try one of the world's best (and most expensive) tasting menus for a fraction of the price.

Ikoyi, which currently ranks 35 in the World's Best Restaurants , has teamed up with Uber Eats to offer a scaled back version of its £320 dinner.

Executive chef Jeremy Chan says the five-course delivery is probably the most "technical and refined" takeaway in the city, though some of the original dishes have been tweaked so they travel better.

To compensate for this, and for the trouble of having to fill up your own water after each sip, your bill will come in at a less eyewatering £60 per person.

But if you're thinking this venture is a concession to those who baulk at the price of Chan's two-Michelin starred menu (which comes in at almost £100 more than those at similarly lauded Core by Clare Smyth and The Ledbury)… it's not.

"I don't think people pay enough money for food, I think we charge too little, [but] we want to always be accessible to as many people as possible, we're always trying our best to do that," Chan tells the Money blog, before offering a detailed response to a (perhaps) hypothetical customer who wonders why a plate of fish is so expensive.

"You're paying the fishermen, you're paying for the person that's transporting it. You're paying for the logistics company, dry cleaning for the towels used to dry the fish, the paper towels that are being used to clean the guts of the fish, then waste disposal."

The fish then goes through a five-day aging process.

"We have three dry-ageing chambers that are used to store exceptional produce from very, very small producers and just the running costs of those alone [are very high]."

He goes on: "So, that single piece of fish has gone through many, many steps to go from fishermen to me, and you haven't even thought about the years of research and relationship building with the supplier. You can't just call a wholesaler and say, give me the turbot that Ikoyi is using."

All of which doesn't cover Chan's own work with the ingredients.

"I'm the one who peels the quail eggs. It's not just boiled, peeled and put on a plate... the owner of the restaurant is standing there for four hours perfectly peeling these quail eggs.

"Think about the time - that's the biggest cost in a restaurant that people don't think about, one's life, it's my life."

It's perhaps no surprise, in light of all the above, that Chan sees his collaboration with Uber Eats as a one-off.

On the menu is:

• Mutton merguez sausage with a green goddess slaw
• Fried chicken with smoked scotch bonnet and raspberry
• Jollof rice and crab custard
• Suya tamari pork with mustard greens and kumquat
• Flower sugar cake with batak berry and Garigette strawberry

It's the second Michelin tie up for Uber Eats after its £200 two-person tasting menu offering from Ynyshir in Wales, which was named best UK restaurant in 2022 and 2023.

The food will be delivered by a regular rider/driver, so Chan and his team have had to put thought into the ingredients.

"Everything on the menu has been designed to retain heat.

"For instance, the Merguez is made with a beautiful aged mutton shoulder, which has such deep, intense flavour. I don't have to worry too much about the cooking temperature because it's so fatty.

"We're going to make a little note [for the customer] that says 'quickly flash in the pan to bring it back to life, and it will still taste great'.

"A radicchio is obviously hearty, so it's not going to break down.

"All the dishes, if people eat them cold, they are still going to be tasting nice and they're also structurally sound so they don't require assembly - we're making something that can just be eaten straight away out of the box."

The Ikoyi tasting menu is available in central London to Uber One customers on Friday and for everyone on Saturday, between 5-10pm.

Qantas is being forced to pay a £53m penalty along with £20m in compensation to passengers following a legal battle over tickets it sold for cancelled flights. 

The Australian Competition and Consumer Commission (ACCC) sued Qantas last summer, alleging the airline had broken consumer law when it sold tickets for more than 8,000 flights without disclosing they had been cancelled. 

One case saw the airline selling tickets for a Sydney to San Francisco flight some 40 days after it had been cancelled, the ACCC said. 

More than 86,000 customers will share the compensation pot, and will be contacted over the next two months.

Gina Cass-Gottlieb, chair of the ACCC, said the airline's behaviour was "egregious and unacceptable".

"Many consumers will have made holiday, business and travel plans after booking on a phantom flight that had been cancelled," she said.

"We expect that this penalty, if accepted by the court, will send a strong deterrence message to other companies."

Qantas's chief executive Vanessa Hudsons said the agreement was a "step forward" to "restoring confidence" in the airline. 

She said the administrative failings were caused by COVID, and that the airline was "sincerely sorry". 

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You’re our first priority. Every time.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .

Best Annual Travel Insurance in 2024

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If you’re a frequent traveler, annual travel insurance may be something you’ve been considering. Unlike single-trip insurance, annual travel insurance plans can cover you for an entire year, no matter how often you’re on the road.

Let’s look at the best yearly travel insurance companies, why we choose them and the coverage you can expect.

Factors we considered when picking travel insurance companies

We used the following criteria when choosing which companies we thought were best:

Cost . Annual plans can be expensive — depending on the type of coverage you choose — so we wanted ensure that they stayed affordable. 

Types of coverage . Travel insurance for annual travelers can be limited in its coverage. We picked the ones with the broadest range of coverage for possible travel disruptions.

Coverage amounts . Annual trip insurance isn’t worth much if your limits are too low. Instead, we wanted plans with reasonable coverage amounts. 

Customizability . If your travels take you to different places, you’ll want the ability to customize your plan. The best annual travel insurance plans can provide this. 

» Learn more: What does travel insurance cover?

An overview of the best annual travel insurance

We gathered quotes from various travel insurance companies to determine the best annual travel insurance policies. In these examples, we used a year-long trip by a 22-year-old from Alabama. We indicated the main countries of travel as France and Malaysia, and when asked, put the total trip costs at $6,000.

The average cost for an annual travel insurance plan came out to $220. The plans ranged from $138-$386.

Let’s take a closer look at our top recommendations for annual travel insurance.

1. Allianz Travel

What makes Allianz travel insurance great:

Lower than average cost.

Provides health care and travel insurance benefits.

Includes rental car insurance up to $45,000. 

Here’s a snippet from our Allianz Travel insurance review :

“AllTrips Basic (annual plan) is suitable for those who would like emergency medical coverage while abroad but don't need trip cancellation and interruption benefits. The AllTrips Prime, Executive and Premier plans provide an entire year of comprehensive travel insurance benefits.

The Executive and Premier plans offer various levels of trip cancellation and interruption benefits. The Executive plan is specifically designed for business travelers since it offers protection for business equipment.”

2. Seven Corners

What makes Seven Corners great:

Offers up to $20,000 for acute coverage of pre-existing conditions. 

Includes up to $1 million for emergency medical evacuation. 

Optional add-on for adventure sport activities.

$0 deductible available. 

Here’s a snippet from our Seven Corners review :

“Seven Corners offers one annual policy called Travel Medical Annual Multi-Trip. The policy can be customized depending on how long you plan to be away from home for any one trip. You can travel as much as you like during the 364 days, so long as any one trip doesn’t exceed the option selected — 30, 45 or 60 days.”

What makes IMG great:

Good customizability with medical evacuations and sports coverage. 

Low $250 deductible.

Includes coverage for semi-private hospital rooms. 

Here’s a snippet from our IMG review:

“Some policies provide emergency medical evacuation coverage, while others skip this benefit entirely. This benefit may be more important to you if you travel to a remote location or engage in physical activity such as trekking.

More comprehensive plans may include other benefits such as assistance with acquiring a new passport, reimbursing reward mile redeposit fees or coverage for pre-existing conditions. If these are something you’re interested in, be sure to check that your policy includes these options.”

4. Trawick International

What makes Trawick International great:

100% coverage for trip cancellation and trip interruption. 

Emergency medical evacuation included. 

Trip delay reimbursement coverage. 

Here’s a snippet from our Trawick International review :

“Trawick International is a comprehensive travel insurance provider that offers trip delay and cancellation insurance, baggage delay coverage, medical coverage and medical evacuation, rental car damage protection, and even COVID-19 coverage among its various policies.

Trawick covers trips for worldwide destinations, including for foreign nationals coming to the U.S.”

What does travel insurance cover?

You’ll find a wide variety of coverage types offered by travel insurance policies. This is true whether you're purchasing a single-trip or annual travel insurance plan. Here are some common types you can expect to find:

Accidental death insurance .

Baggage delay and lost luggage insurance .

Cancel for Any Reason insurance .

Emergency evacuation insurance .

Medical insurance .

Rental car insurance .

Trip cancellation insurance .

Trip interruption insurance .

How to choose the best annual travel insurance policy

While we’ve highlighted some of the best annual travel insurance companies, the truth is that the best plan for you isn’t going to be the best plan for someone else. If you’re interested in buying annual travel insurance, you’ll want to collect a variety of quotes to see which policy best fits your needs.

This may mean opting for a plan that covers pre-existing conditions or one that specifically includes high-risk activities. Or, if you’re in a country where health care is notoriously expensive, you may want to choose a policy with higher maximums.

Many credit cards come with complimentary travel insurance .

Whatever the case, do your research first and review all the plan details before making your purchase.

» Learn more: How to find the best travel insurance

If you want to buy annual travel insurance

Annual travel insurance can be a great option if you’re often out of town. With such a wide range of policies available, selecting a plan that fits your needs is easy. We’ve done some of the work for you by choosing the best annual travel insurance companies, all of which made the top of the list for their cost, customizability, types of coverage and plan maximums.

Like any travel insurance policy, the cost of your plan is going to vary. Factors that may affect the cost of your annual travel insurance include your age, where you’re going, how long you’ll be traveling, your policy maximums and whether preexisting conditions are included.

Although not all travel insurance providers offer annual travel insurance, many of them do. We’ve gathered together the five best, including Allianz Travel, World Nomads, Seven Corners, IMG and Trawick International.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

on Chase's website

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.