woolworths financial services travel insurance

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Travel insurance on tap

Instant payouts on approved claims, support that never sleeps and access to expert guidance right when you’re faced with “it”.

How it works

As long as you’ve packed your PassportCard, you’re ready for when “it” happens. From street food surprises to unexpected monkey bites and the dreaded delayed luggage, we’ve got you covered. Get instant payouts on approved claims, anytime, anywhere*. It’s the way insurance should be – quick, simple and hassle-free.

Need a doctor? In pain and not sure what to do? Our 24/7 Global Assistance team can direct you to the nearest pharmacy, hospital or doctor and load the PassportCard with funds to cover your medical costs.

When your luggage isn’t where you are, it’s hard to begin your holiday. We can add up to $150 to the PassportCard to buy emergency essentials.

No cash, no holiday! We can put up to $500 on the PassportCard to help you until you work out details with your bank.

Call our team any time for a quick solution and if your claim is approved, funds are instantly transferred to the PassportCard. We will then send an activation PIN to your mobile phone.

Why choose PassportCard?

• Instant payouts on approved claims – Our-market leading claims process means you can handle the most common problems travel can throw at you without being left out of pocket
• Customers love us – PassportCard is rated 4.2 stars from over 80 reviews on Product Review
• Local team & global assistance – Support that never sleeps with our Australian based 24 x 7 customer support team

What else does PassportCard provide cover for?

PassportCard travel insurance can also come in handy in a range of other scenarios that could happen while you’re away. Here are some of the other things our travel insurance can provide protection for:

In case you need to cancel your trip unexpectedly.

Cash to cover costs if your bags are lost.

If you need to pay for accommodation because of a travel delay.

If you need immediate treatment while you are travelling.

*All benefits and covers are subject to the terms, conditions, limitations, and exclusions listed in the Combined Financial Services Guide and Product Disclosure Statement and on other policy documentation, including the schedule.

For more information about the policy

Combined PDS/FSG

Target market determination (TMD) – International Travel

Target market determination (TMD) – Domestic Travel

The PassportCard Terms & Conditions

PassportCard Australia Pty Ltd (PCA) ABN 76 621 476 220 is an authorised representative (AR 1262773) of the Insurer, Guild Insurance Limited (Guild) ABN 55 004 538 863 (AFSL 233791). Any advice provided by PCA in relation to the PassportCard products and the PassportCard is general advice only. Please consider the Combined Financial Services Guide & Product Disclosure Statement and the PassportCard Terms & Conditions (available at www.passportcard.com.au) before deciding whether they are suitable for you.

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Compare Travel Insurance

Whether you travel a little or a lot, compare our plans and their benefits below and get the quote that fits your holiday and travel needs.

All benefits are subject to policy terms, conditions, limitations and exclusions.

International Travel Insurance

Domestic travel insurance.

Above is a summary table only. Please read the Product Disclosure Statement for full terms, conditions, limitations and exclusions that apply.

Found the cover you're after?

~  This is a limit per policy; it is the most we’ll pay for all people on your Certificate of Insurance combined, per trip.

†  For up to 12 months after the illness or injury first occurs.

# Sub-limits apply.

Woolworths Group Limited, ABN 88 000 014 675, AR 245476 is an authorised representative of nib Travel Services (Australia) Pty Ltd (nib), ABN 81 115 932 173, AFSL 308461 and act as nib's agent and not as your agent. This is general advice only. Before you buy, you should consider your needs, the Product Disclosure Statement (PDS), Financial Services Guide (FSG) and Target Market Determination (TMD) available from us. This insurance is underwritten by Pacific International Insurance Pty Ltd, ABN 83 169 311 193.

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Digital Financial Literacy

Woolworths Credit Card: Key Benefits and Application Guide

Woolworths credit card offers customers the opportunity to make purchases at Woolworths stores and other retailers, with added benefits and rewards. Partnering with Absa Bank , Woolworths Financial Services (WFS) provides a range of financial services, including the versatile Woolworths credit card, which not only offers a convenient way to pay for purchases but also gives cardholders the chance to earn valuable vouchers.

The Woolworths credit card is designed to cater to various spending habits and preferences, with multiple options available. The unique feature of this credit card is the ability to earn Woolworths vouchers as rewards, which can be utilised for further purchases within their stores. Additionally, holders of the black card can enjoy up to 3% cashback on purchases made at other retailers, making it an attractive choice for those seeking extra benefits alongside a reliable and secure payment.

The Woolworths credit card provides a flexible and rewarding payment option for shoppers within the Woolworths retail network and beyond. With its partnership with Absa Bank, WFS ensures a trusted financial solution for cardholders, who can benefit from its voucher rewards and cashback offers, enhancing their shopping experience and overall value.

Understanding Woolworths Credit Cards

History and partnership with absa bank.

Woolworths Financial Services (WFS) is a joint venture with Absa Bank, one of South Africa’s big five banks. This partnership has enabled Woolworths to provide in-store credit through the Woolworths Store Card and offer a range of value-added services such as credit cards, personal loans, short-term insurance , and life insurance linked to store card use.

Types of Woolworths Cards

There are two main types of Woolworths credit cards: the Woolworths Gold Credit Card and the Woolworths Black Credit Card . Both are supported by Absa Bank and come with their distinct features, benefits, and eligibility criteria.

Woolworths Gold Credit Card

The Woolworths Gold Credit Card is a versatile card that can be used at all stores in South Africa and abroad. It offers a 2% reward on all purchases made at Woolworths stores, which is sent as a quarterly voucher. Here are some key features of the Gold Credit Card:

• Rewards: 2% back on all store purchases
• Eligibility: Based on income and credit status
• Fees: Associated fees available on Woolworths’ website
• Associated benefits: Access to exclusive offers, promotions, and events

Woolworths Black Credit Card

The Woolworths Black Credit Card is a high-end offering targeted towards customers with higher monthly incomes. This card has many features and benefits designed to cater to a more exclusive clientele. Some of the features and benefits include:

• Monthly Income Requirement: R41,666.00 or a yearly income of R500,000.00
• Eligibility: Higher credit rating compared to Gold Credit Card
• Fees: Premium fees apply; details available on Woolworths’ website
• Associated benefits: Premium rewards, travel insurance, and luxury lounge access

Woolworths credit cards can be considered flexible, safe, and convenient. They also offer additional benefits, such as earning Woolies vouchers by swiping the credit card when shopping. This creates incentives for customers to earn rewards while managing their finances.

Applying for a Woolworths Credit Card

Eligibility criteria.

Applicants must meet certain eligibility criteria to apply for a Woolworths Credit Card. They must be at least 18 and possess a valid South African ID . In addition, applicants should have a minimum monthly income of R3,000 to qualify for the card.

Application Process

The application process for a Woolworths Credit Card is fairly simple and can be completed within 15 minutes. Applicants must select the product they want to apply for, provide their personal information , and submit the required documentation. The application will then be processed, and the applicant’s affordability will be assessed based on the provided details.

Required Documentation

During the application process, applicants must provide the following documents:

• A copy of their South African ID
• A recent payslip or bank statement not older than three months
• Proof of residence

Once these documents are submitted, and the application is successfully processed, the applicant will be notified of their approval status. The Woolworths Credit Card will then be delivered to the address provided during the application process.

Benefits and Features

Rewards and wrewards.

One of the key advantages of the Woolworths credit card is its rewards and WRewards program . This program allows cardholders to earn vouchers and points on their shopping. For every purchase made at Woolworths stores, customers earn points across categories, including food, fashion, homeware, and beauty. These points can then be converted to various benefits such as discounts and cashback offers. In addition, the card offers automatic membership to WRewards, a tiered loyalty programme known for its standout features.

Insurance Options

Woolworths credit cardholders can enjoy peace of mind on their travels thanks to the complimentary travel insurance provided. This insurance is applicable when the card is used to purchase international airline tickets. The card also offers balance protection insurance, which covers the card balance in case of unforeseen circumstances like temporary disability, retrenchment or death. Moreover, accidental damage protection is available, safeguarding cardholders from potential repair or replacement costs due to accidents.

Value-Added Services

The Woolworths credit card provides additional features and services that offer true value to its users. A few notable ones include:

• ATM Accessibility : Cardholders can withdraw cash from ATMs bearing the Visa logo, allowing flexibility and access to funds on the go.
• Woolworths Mobile App : Users can avail of free access to the Woolworths Mobile app, which offers convenient shopping and personalised features.
• Secure Transactions : Woolworths credit card is backed by state-of-the-art security features, protecting all transactions from fraud.
• Flexible Payments : Customers can choose from various payment plans and terms catering to various preferences and financial situations.

Overall, the Woolworths credit card boasts an impressive range of benefits, rewards, and value-added services, making it a competitive choice for consumers looking for a reliable and versatile credit card solution.

Financial Details

Interest rates and fees.

The Woolworths credit card offers competitive interest rates and fees to its customers. It is designed to be flexible and convenient, allowing cardholders to manage their finances efficiently. The card comes with standard fees, including an initiation fee, charged when first acquiring the card. Moreover, interest is levied on the outstanding balance if not paid within the grace period.

Credit Limit and Repayment

Woolworths Credit Card provides a credit limit based on the cardholder’s financial profile. It acts as a revolving loan account, allowing cardholders to utilise the available credit repeatedly as long as the required payments are made. The credit limit can be periodically reviewed and adjusted based on the cardholder’s spending patterns and repayment history.

Repayment options for the Woolworths credit card include:

• Setting up a Debit Order for automatic deductions from the user’s bank account, ensuring timely payments
• Electronic Funds Transfers (EFT) from a linked Absa Bank Account

It is crucial for cardholders to pay at least the minimum amount due each month to maintain a healthy credit record and avoid additional charges.

Managing Your Card Account

Managing a Woolworths credit card account is straightforward and user-friendly. Cardholders can easily check their account balance, transaction history, and other necessary information through a secure online portal. To get started, users must register with their Woolworths credit card number, create a Banking Online PIN, and follow the prompts.

Another benefit of the Woolworths credit card is earning purchase rewards. Cardholders receive 2% back in quarterly vouchers on all Woolworths purchases, making the shopping experience all the more rewarding.

Using Woolworths Credit Card Responsibly

Safe shopping with your card.

Using your Woolworths credit card responsibly involves several steps. Firstly, it’s crucial to ensure you have a secure shopping experience , both online and in-store. When shopping on the internet, always use reputable websites for making purchases and avoid sharing your card details over insecure connections. Utilise your online banking or the Woolworths mobile app to monitor your transactions regularly, keeping an eye out for any signs of suspicious activity .

While shopping in-store, remember to protect your card by keeping it securely in your wallet or purse and never sharing your PIN with anyone. Additionally, the contactless payment feature can help minimise the chance of your card details being compromised.

Furthermore, as a registered credit provider (NCRCP7) and authorised financial services provider, Woolworths takes the security of your card seriously. They have implemented various measures to keep your information safe, ensuring a secure shopping experience for all cardholders.

Understanding Terms and Conditions

Another aspect of using your Woolworths credit card responsibly is being well-informed about the terms and conditions that apply to your account. These include interest rates, payment due dates, credit limits, and any fees associated with using the card.

Here are some suggested steps for fully understanding the T&Cs of your Woolworths credit card:

• Access your T&Cs: You can find the detailed terms and conditions on the Woolworths website or through the Woolworths mobile app. Ensure you have the most recent version, which can change over time.
• Carefully read your T&Cs: Familiarise yourself with crucial aspects, such as your card’s interest rates, fees, and repayment rules.
• Stay updated: Keep an eye on any communication from Woolworths, as they may inform you about updates to the terms and conditions or any special promotions.

By proactively understanding the terms and conditions of your Woolworths credit card, you can use it confidently and responsibly, ensuring a seamless and enjoyable shopping experience.

Customer Support and Services

Accessing assistance and queries.

Woolworths credit card customers can receive assistance through various channels, including phone and online. To get in touch with Woolworths (Woolies) Credit Card Customer Service, customers can use the following contact details:

• Online Shopping Tel: 0860 100 987
• Fax: 0860 100 986
• International callers: +27 21 407 6137

Customer support is available during these hours of operation:

• Monday to Friday, 8 AM – 7:30 PM
• Saturday, 8 AM – 5 PM
• Sunday, 8 AM – 1 PM
• Public holidays, 8 AM – 5 PM

Woolworths also provides in-store services and online resources for customers who need help with their credit cards, online banking, and other financial products.

Additional Woolworths Financial Products

Woolworths Financial Services (WFS), a joint venture with Absa Bank, offers a range of value-added services in addition to credit cards. These financial products include:

• Store Cards: Woolworths Store Card allows customers to purchase without carrying cash and receive a monthly statement. Cardholders can then pay their balances at any Woolies store by debit order via ATM, telephone, or internet.
• Personal Loans: WFS offers loans to eligible customers, providing a flexible borrowing option for various financial needs.
• Short-term Insurance: Through partnerships with insurers, WFS provides short-term insurance policies for customers, covering assets such as homes, vehicles, and personal belongings.
• Life Insurance: Woolworths also offers life insurance products linked to credit card balances, ensuring financial support for policyholders and their loved ones in the event of unforeseen circumstances.

Customers can access many of these financial services at their local Woolworths stores or Absa branches, offering added convenience and comprehensive support.

Visa Partnership and International Use

The Woolworths Gold Credit Card, thanks to its partnership with Visa, offers a range of benefits for users who wish to travel internationally or make purchases across borders. It is important to note that the card is valid in any store that accepts Visa cards, which broadens its usability significantly. Cardholders can use their Woolworths Everyday Platinum Credit Card at over 35 million merchants and more than 2 million ATMs worldwide where Visa is accepted.

One of the notable advantages of the Woolworths Gold Credit Card is the provision of free travel insurance when the card is used to purchase flight tickets. This automatic basic travel insurance covers international journeys and is available for travellers aged between 3 months and 74 years inclusive. This added benefit helps enhance the peace of mind of cardholders while planning and undertaking their travels.

Besides, the Woolworths credit card also provides its users with free access to the Woolworths Mobile app. This enables cardholders to efficiently manage their accounts, track expenses, and receive updates on various promotions and benefits offered by Woolworths and Visa.

In summary, through its partnership with Visa, the Woolworths Gold Credit Card offers numerous advantages for users who require international purchasing power and travel support. With extensive merchant acceptance, free travel insurance, and mobile app support, cardholders can confidently make the most out of their Woolworths credit card while travelling or making purchases overseas.

Rewards Programme and Cashback Offers

The Woolworths Credit Card offers a rewarding experience for its users by providing a variety of incentives through their Rewards Programme and Cashback Offers . Cardholders have the opportunity to benefit from Woolworths’ Cashback Rewards Programme, as well as earn points and savings on purchases made with the credit card.

One of the primary features of the Woolworths Credit Card is its Cashback Rewards Programme . For every dollar spent on eligible purchases, cardholders earn 1 point. These points can be accumulated and redeemed for Woolworths Money Shopping Cards, enabling users to save on future shopping.

In addition to the Cashback Rewards Programme, the Woolworths Credit Card is affiliated with the wRewards scheme. This loyalty programme awards a set number of points per purchase, potentially increasing the earning rate depending on the user’s status level. For instance, members may earn 3 points for every R1 spent, with higher status levels earning more points per rand.

The Gold Credit Card offers even more benefits for those who frequently shop at Woolworths. When used at Woolworths stores, cardholders receive a 2% cashback reward on all purchases, sent as a quarterly voucher. Users can enjoy regular savings while shopping at their favourite retail stores.

Furthermore, Woolworths offers a more exclusive tier for high-income users – the Woolworths Black Credit Card . This card also automatically enrols members in the wRewards programme, providing an additional 5% off on wRewards items. To qualify for the Black Credit Card, users must have a monthly income of R41,666 or an annual income of R500,000.

In summary, the Woolworths Credit Card caters to different user preferences, offering various rewards and cashback offers. Whether you’re shopping at Woolworths or other stores, the card’s loyalty programmes and incentives are designed to deliver meaningful value to card users.

The Woolworths Credit Card offers different tiers, including the Gold Credit Card and the Black Credit Card. Each card caters to a specific segment of consumers, providing tailored benefits and experiences.

The Gold Credit Card is an ideal option for low-income earners, as it requires a low income to apply and has low fees. This card allows users to enjoy rewards, exclusive privileges, and convenience in their shopping experience. Some key features include:

• Discounts and rewards
• Access to exclusive events
• Convenient payment options

On the other hand, the Black Credit Card is designed for individuals with high spending habits, requiring a monthly income of R41,666.00 or a yearly income of R500,000.00. As a premium card, it boasts a range of benefits that cater to a more affluent clientele:

• Elevated earning rates for reward points
• Tailored travel benefits
• Exclusive access to deals and discounts

Absa Bank, one of South Africa’s leading financial institutions, supports both cards, ensuring a reliable and secure banking partner.

The Woolworths Credit Card range provides customers with tailored financial solutions catering to different income levels. Choosing the Gold and Black Credit Card depends on individual preferences, spending habits, and financial standing. Regardless of the selected card, users will experience a heightened shopping experience with rewards and benefits, demonstrating the value of incorporating Woolworths Credit Card into their financial toolkit.

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Please Note - If you are cruising around Australia you need to select Pacific. With Regions, variances can apply for Bali, Indonesia, Japan and Middle East. You are not required to enter stop-over countries if your stop-over is less than 48 hours.

If you don’t know where you’re traveling to within the next 12 months, choose Worldwide to ensure you’re covered no matter where you go. If you’re travelling to multiple countries choose the region that you are visiting that is furthest away (excluding stopovers less than 48 hours). In most cases you will be covered for the closer regions as well. For example, if you choose Europe, you will also be covered in the Middle East, Asia and Pacific.

Worldwide means anywhere in the world

Americas means USA, Canada, South America, Latin America, Hawaii and the Caribbean

Europe means all European countries, including UK

Middle East refers to the area from Syria to Yemen; Egypt to Iran

Asia generally means Asia and the Indian subcontinent. For some insurers this excludes Japan*

Pacific means the South West Pacific, Australia and Indonesia/Bali*. Select Pacific for domestic cruises in New Zealand waters

New Zealand means domestic travel within New Zealand only

*Note: Variances apply for Bali, Indonesia, Japan and Middle East. Check that your destination is covered once directed to your chosen insurer’s site.

Woolworths Travel Insurance Reviews

When you’re travelling, the last thing you want is to worry about a medical emergency or lost luggage. With Woolworths Travel Insurance you can have peace of mind knowing you’re covered for such events. Policies are available to those under 79 years. Dependants under 21 travel for free with parent or grandparent. 24/7 emergency assistance no matter where you are in the world. Underwritten by The Hollard Insurance Company.

Customer Experience

Claims experience, value for money.

DO NOT USE THEM SCAM!

this is from woolworths: You can cancel your Woolworths Travel Insurance policy at any time....  Read more

this is from woolworths: You can cancel your Woolworths Travel Insurance policy at any time. If you cancel within the 14 day cooling off period, you will receive a full refund of your premium, as long as you haven't started your trip of made a claim. After the 14 days, we can still cancel the policy but we cannot give you a refund.

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Should have gone to a proper insurer instead of the supermarket

I took out comprehensive travel insurance with Woolworths in early January - before Coronavirus. Have...  Read more

I took out comprehensive travel insurance with Woolworths in early January - before Coronavirus. Have just checked their website in case I cant travel as planned later in the year. They have issued a 'statement' which completely absolves Woolworths of any responsibility to cover this outbreak even though at the time I took out insurance, COVID-19 was an unknown event. Looks like I should have gone to AAMI, Budget, CGU, HBF or another more reputable insurer - who are apparently honouring policies taken out before 21st January.

Not the place to go if you expect decent service

Hi there!Would 100% not recommend having anything to do with Woolworths and their insurance unless yo...  Read more

Hi there!Would 100% not recommend having anything to do with Woolworths and their insurance unless you want to be messed around.My family were overseas when my father had a medical emergency involving a serious head injury, and the customer service team at Woolworths were perhaps the worst I have ever had to deal with.I spoke to three different parts of the claims department to arrange this over three days, and I had one 'question the validity' of my mother and sister staying with him until he could fly home - I emphasise that he had a head injury.They then - before any paperwork had been lodged - advised that any claim we put through for this incident would be denied, and therefore meant that the insurance was not valid for the extra 5 days they had to stay overseas. This was after they had let the insurance lapse by being grossly uninformed about their own policies, and advised me to 'go elsewhere and see if they'll insure you' then letting me know in the next sentence that if I did that, that would ultimately void the insurance we had paid for through Woolworths!Absolute poor excuse of customer service, would never, ever recommend this to anybody.

Very bad experience

Waste of money. Should have taken notice of other reviews. Now my advice for fellow travellers but to...  Read more

Waste of money. Should have taken notice of other reviews. Now my advice for fellow travellers but too late for me.

Do not use this company

I've travelled a lot overseas and always got insurance and only used once before in 20 years. I w...  Read more

I've travelled a lot overseas and always got insurance and only used once before in 20 years. I was robbed, lost my phone and $30 - despite having a police report and proof of everything they are not paying. Do not use this company.

Fool Coverage

The details of the PDS pretty much absolves Woolworths Insurance from paying any claim to anybody for...  Read more

The details of the PDS pretty much absolves Woolworths Insurance from paying any claim to anybody for anything. Go elsewhere.

Not impressed

The basic and comprehensive insurance both state cancellation up to certain amount.. the PDS section ...  Read more

The basic and comprehensive insurance both state cancellation up to certain amount.. the PDS section 3 says it cover flights and accomodation if you cant retrieve it from any other source. ... however if you skip right down pass section 3 exclusions pass section 11... to "general exclusions" you'll find the rest of the reasons they wont cover your losses ... the reasons you may actually pay them to cover you...

Sounds good

Will rate when use On my trip to Bali by all reviewing found this insurance to be well spoken of by o...  Read more

Will rate when use On my trip to Bali by all reviewing found this insurance to be well spoken of by other users.

1 comment on this review

Worst experience !!! Insurance Scam Whatever you claim they are declaimed . I had a policy w...  Read more

Worst experience !!! Insurance Scam Whatever you claim they are declaimed . I had a policy with them last 4 years . Feeling stressful time to change all Woolworth insurance product from now .

Another great in every print fail

Stay clear people! I know it's not just Woolworths Travel Insurance but after having damaged a mo...  Read more

Stay clear people! I know it's not just Woolworths Travel Insurance but after having damaged a motorcycle on an overseas trip I learnt today my claim had failed because motorcycles are not included under rental vehicles. You'd only know this under the meaning and terms section. Why not say that rental vehicles includes sedans, 4wd etc excluding motorcycles and scooters. I took out a policy thinking that a vehicle was a motorcycle! Who knew? Apparently only the insurance company! Just feel so cheated!

Have submitted a complaint through FOS. Like other reviewers been nearly 2 months and privided everyt...  Read more

Have submitted a complaint through FOS. Like other reviewers been nearly 2 months and privided everything requested but still no response. I hate to think what would happen with a more substantial claim. Avoid!!!!'

3 comments on this review

READ THE PDS!!!

Not sure why Woolworths are different to everyone else, but NEVER take out group/family/couple polici...  Read more

Not sure why Woolworths are different to everyone else, but NEVER take out group/family/couple policies. If you insist on taking out a policy with Woolworths, ensure you take out individual policies for each person. The reason being, taking out individual policies you get full value for money. Say for example, on the individual full comprehensive policy you get up to $10,000 that's payable. If you take out a couple policy, which is the same money as just two individual policies, HOWEVER, the amounts that you can claim aren't doubled... So, if both persons on the couples policy lost their baggage, they'd have to split the $10,000 between them. Even though they've paid exactly the same amount each as what someone on an individual policy has, all the payable amounts have to get divided by how many persons are on the policy. It's absolutely sneaky as. I rang and spoke with Woolworths insurance and confirmed that was the case. When asked, why? The lady simply said, "It's a very good question and perhaps that's one for the underwriter". Very very sneaky. When you really get into the policy, it's actually quite poor what you're actually getting. AVOID. Do your research and ensure you don't fall victim to companies like this!

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Comparetravelinsurance.com.au is Australia’s leading comparison site solely focused on travel insurance.

Our comparison is a free service that allows users to compare quotes in a few simple steps based on limited personal criteria. Comparisons supplied are not a recommendation or opinion about the suitability of a policy for a user. Comparisons are default ranked according to price and users have the ability to sort by popular cover levels. Whilst we compare a vast range of policies, we do not compare all providers in the market. This site compares the following brands: 1Cover, AllClear, Budget Direct, Downunder, Fast Cover Travel Insurance, Insure4Less, InsureandGo, iTrek, Simply Travel Insurance, Ski-Insurance, Travel Insurance Saver, Travel Insuranz, Wise Traveller, Zoom Travel Insurance . The directors and shareholders are common with companies i-Trek Pty Ltd, Zoom Travel Insurance and 1Cover Pty Ltd including it’s subsidiary brand Ski-insurance. CoverDirect takes all reasonable care when preparing this information but does not warrant its accuracy. Pricing information is supplied by the providers who participate on this site and should be verified with the insurer before you purchase. This site links users to the website of the provider to verify quotes and access the relevant PDS to understand what is, and is not, covered by a policy prior to purchase.

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I'm a financial planner, and I'd recommend annual travel insurance to anyone who loves to travel abroad

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.

• Frequent and spontaneous travelers will likely benefit from annual travel insurance policies.
• Your credit card may come with some travel protections, but it may not be enough.
• When choosing a policy, look at what it covers, not just what's cheapest.

Summer is just a few months away — and if you're planning a vacation this year, the last thing you want is an unexpected event to derail your plans (and cost you hundreds).

Flights get delayed or canceled constantly. Luggage disappears into the ether. Medical emergencies occur in remote destinations. Yet many jetsetters simply cross their fingers and hope for the best rather than prepare for the worst.

That's why, as a financial planner, I believe it's crucial to consider protecting your trips with the right insurance coverage. One option often overlooked, particularly by frequent travelers, is annual travel insurance .

Annual travel insurance covers all your trips within 365 days. Unlike stand-alone travel insurance, which only covers you for a specific trip, an annual policy covers any trips you take within the year.

That's why I tell clients who travel frequently that an annual policy is a good choice for their needs. By opting for an annual plan, you don't have to go through the hassle of booking multiple policies and potentially save money compared to purchasing individual trip coverage. Here's how it works.

What to look for in a policy

While specifics may vary depending on the insurer and plan tier, most include the following key benefits:

• Trip cancellations or interruptions: You may be able to get reimbursed for expenses (even nonrefundable ones!) related to an illness, injury, or natural disaster that forced you to cancel or cut your trip short.
• Emergency medical and dental care: If you fall ill or get injured while traveling, your insurance can help cover the cost of medical treatment.
• Emergency evacuation: In a serious medical emergency or security situation, your policy will arrange and pay for transportation to a hospital or back to your home country.
• Lost, delayed, or damaged baggage: If your luggage is lost, delayed, or damaged during your trip, you can get financial coverage for essential items while you wait for your stuff to be recovered or replaced.
• Trip delays and missed connections: When your travel plans are disrupted due to issues like mechanical problems or severe weather, you may get reimbursement for additional expenses incurred, like meals, lodging, and transportation.

It's important to note that annual travel insurance plans have limitations. Certain high-risk activities, pre-existing medical conditions, and travel to specific regions may be restricted or require additional coverage.

Some travelers may assume that their credit card's built-in travel protections are enough. While many travel rewards credit cards offer perks like rental car insurance, trip cancellation, and baggage reimbursement, the coverage limits are often much lower than a dedicated annual travel insurance plan.

Credit card coverage for emergency medical care is also particularly limited — capped at a few thousand dollars — which may not be enough in the face of a major international medical emergency.

How much travel justifies an annual plan?

For the occasional traveler who takes one or two trips a year, single-trip policies will probably work for you. But if you fall into any of these buckets, you may want to consider an annual policy:

• Regular international travelers (three or more trips abroad yearly)
• Road warriors frequently away for work
• Adventurers engaging in high-risk activities like heli-skiing, scuba diving, or mountain climbing
• Cruisers and tour group travelers
• Students or retirees taking extended trips throughout the year
• Those visiting developing countries with limited medical care

Annual plans cover all of your trips within a 365-day period after purchasing. They're basically a bundle of multiple policies into one package deal. This means you only have to buy one policy to manage, locking in your coverage for the year.

How to decide if an annual policy makes sense for you

Start by reviewing your travel plans this year — and your risk tolerance. Calculate how much buying individual travel insurance policies would cost you over the next year and compare it to the price of an annual plan.

Don't just focus on the premium — carefully evaluate coverage limits, exclusions, and deductibles to ensure you have enough protection for your needs.

An annual policy gives you the flexibility to take spontaneous trips without the hassle of obtaining last-minute insurance. More importantly, it provides peace of mind, knowing that you're covered for a wide range of travel disruptions and emergencies.

As the busy summer travel season ramps up, definitely explore protecting your trips with insurance, especially if you're jetting off internationally. Spending hours on the phone trying to rebook canceled flights or worrying about affording an overseas medical emergency is no way to vacation.

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11 Best Travel Insurance Companies in April 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 the past few years have shown us anything, it’s that travelers need to be prepared for the unexpected — from a pandemic to flight troubles to the crowded airport terminals so many of us have encountered.

Whether you’re looking for an international travel insurance plan, emergency medical care or a policy that includes extreme sports, these are the best travel insurance providers to get you covered.

How we found the best travel insurance

We looked at quotes from various companies for a 10-day trip to Mexico in September 2024. The traveler was a 55-year-old woman from Florida who spent $3,000 total on the trip, including airfare.

On average, the price of each company’s most basic coverage plan was $126.53. The costs displayed below do not include optional add-ons, such as Cancel For Any Reason coverage or pre-existing medical condition coverage.

Read our full analysis about the average cost of travel insurance so you can budget better for your next trip.

However, depending on the plan, you may be able to customize at an added cost.

As we continue to evaluate more travel insurance companies and receive fresh market data, this collection of best travel insurance companies is likely to change. See our full methodology for more details.

Best insurance companies

Types of travel insurance

What does travel insurance cover, what’s not covered, how much does it cost, do i need travel insurance, how to choose the best travel insurance policy, what are the top travel destinations in 2024, more resources for travel insurance shoppers, top credit cards with travel insurance, methodology, best travel insurance overall: berkshire hathaway travel protection.

Berkshire Hathaway Travel Protection

• ExactCare Value (basic) plan is among the least expensive we surveyed.
• Speciality plans available for road trips, luxury travel, adventure activities, flights and cruises.
• Company may reimburse claimants faster than average, including possible same-day compensation.
• Multiple "Trip Delay" coverage types might make claims confusing.
• Cheapest plan only includes fixed amounts for its coverage.

Under the direction of chair and CEO Warren Buffett, Berkshire Hathaway Travel Protection has been around since 2014. Its plans provide numerous opportunities for travelers to customize coverage to their needs.

At $135 for our sample trip, the ExactCare Value (basic) plan from Berkshire Hathaway Travel Protection offers protection roughly $10 above the average price.

Want something cheaper? Air travelers looking for inexpensive, less comprehensive protections might opt for a basic AirCare plan that includes fixed amounts for its coverage .

Read our full review of Berkshire Hathaway .

What else makes Berkshire Hathaway Travel Protection great:

Pre-existing medical condition exclusion waivers available at no extra cost.

Plans available for travelers going on a cruise, participating in extreme sports or taking a luxury trip.

ExactCare Value (basic) plan was among the least expensive we surveyed.

Best for emergency medical coverage: Allianz Global Assistance

Annual or single-trip policies are available.

• Multiple types of insurance available.
• All plans include access to a 24/7 assistance hotline.
• More expensive than average.
• CFAR upgrades are not available.
• Rental car protection is only available by adding the One Trip Rental Car protector to your plan or by purchasing a standalone rental car plan.

Allianz Global Assistance is a reputable travel insurance company offering plans for over 25 years. Customers can choose from a variety of single and annual policies to fit their needs. On top of comprehensive coverage, some travelers might opt for the more affordable OneTrip Cancellation Plus, which is geared toward domestic travelers looking for trip protections but don’t need post-departure benefits like emergency medical or baggage lost.

For our test trip, Allianz Global Assistance’s basic coverage cost $149, about $22 above average.

What else makes Allianz Global Assistance great:

Annual and single-trip plans.

Plans are available for international and domestic trips.

Stand-alone and add-on rental car damage product available.

Read our full review of Allianz Global Assistance .

Best for travelers with pre-existing medical conditions: Travel Guard by AIG

Travel Guard by AIG

• Offers last-minute coverage.
• Pre-Existing Medical Conditions Exclusion Waiver available at all plan levels.
• Plan available for business travelers.
• Cancel For Any reason coverage only available for higher-level plans, and only reimburses up to 50% of the trip cost.
• Trip interruption coverage doesn't apply to trips paid for with points and miles.

Travel Guard by AIG offers a variety of plans and coverages to fit travelers’ needs. On top of more standard trip protections like trip cancellation, interruption, baggage and medical coverage, the Cancel For Any Reason upgrade is available on certain Travel Guard plans, which allows you to cancel a trip for any reason and get 50% of your nonrefundable deposit back as long as the trip is canceled at least two days before the scheduled departure date.

At $107 for our sample trip, the Essential plan was below average, saving roughly $20.

What else makes Travel Guard by AIG great:

Three comprehensive plans and a Pack N' Go plan for last-minute travelers who don't need cancellation benefits.

Flight protection, car rental, and medical evacuation coverage, as well as annual plans available.

Pre-existing medical conditions exclusion waiver available on all plan levels, as long as it's purchased within 15 days.

Read our full review of Travel Guard by AIG .

Best for those who pack expensive equipment: Travel Insured International

Travel Insured International

• Higher-level plan include optional add-ons for event tickets and for electronic equipment
• Rental car protection add-on for just $8 per day, even on lower-level plan.
• Many of the customizations are only available on the higher-tier plan.
• Coverage cost comes in above average in our latest analysis.

Travel Insured International offers several customization options. For instance, those going to see a show may want to add on event ticket registration fee protection. Traveling with expensive gear?Consider adding on coverage for electronic equipment for up to $2,000 in coverage.

Be sure to check which policies are available in your state. You will need to input your destination, residence, trip dates and the number of travelers to get a quote and see coverages.

What else makes Travel Insured International great:

Comprehensive plans include medical expense reimbursement accidents, sickness, evacuation and pre-existing conditions, depending on the plan.

Flight plans include coverage for missed and canceled flights and lost or stolen baggage.

Read our full review of Travel Insured International .

Best for adventurous travelers: World Nomads

World Nomads

• Travelers can extend coverage mid-trip.
• The standard plan covers up to $300,000 in emergency evacuation costs.
• Plans automatically cover 200+ adventurous activities.
• No Cancel For Any Reason upgrades are available.
• No pre-existing medical condition waivers are available.

Many travel insurance plans contain exclusions for adventure sports activities. If you plan to ski, bungee jump, windsurf or parasail, this might be a plan to consider.

Note that the Standard plan ($72 for our sample trip), while the most affordable, provides less coverage than other plans. But it can be a good choice for travelers who are satisfied with trip cancellation and interruption coverage of $2,500 or less, do not need rental car damage protection, find the limits to be sufficient and do not need coverage for certain more adventurous activities.

What else makes World Nomads great:

Comprehensive international travel insurance plans.

Coverage available for adventure activities, such as trekking, mountain biking and scuba diving.

Read our full review of World Nomads .

Best for medical coverage: Travelex Insurance Services

Travelex Insurance Services

• Top-tier plan doesn’t break the bank and provides more customization opportunities.
• Offers a plan specifically for domestic travel.
• Sells a post-departure medical coverage plan.
• Fewer customization opportunities on the Basic plan.
• Though perhaps a plus for domestic travelers, keep in mind the Travel America plan only covers domestic trips.

For starters, basic coverage from Travelex Insurance Services came in at $125, almost exactly average for our sample trip.

Travelex’s plans focus heavily on providing protections that are personalized to your travel style and trip type.

While the company does offer comprehensive plans that include medical benefits, you can also choose between cheaper plans that don’t provide cancellation coverage but do offer protections during your travels.

Read our full review of Travelex Insurance Services .

What else makes Travelex Insurance Services great:

Three comprehensive plans available, two of which cover international trips.

Offers a post-departure plan geared exclusively toward disruptions after you leave home.

Two flight insurance plans available.

Best if you have travel credit card coverage: Seven Corners

Seven Corners

• Annual, medical-only and backpacker plans are available.
• Cancel For Any Reason upgrade is available for the cheapest plan.
• Cheapest plan also features a much less costly Interruption for Any Reason add-on.
• Offers only one annual policy option.

Each Seven Corners plan offers several optional add-ons. Among the more unique is a Trip Interruption for Any Reason, which allows you to interrupt a trip 48 hours after the scheduled departure date (for any reason) and receive a refund of up to 75% of your unused nonrefundable deposits.

The basic coverage plan for our trip to Mexico costs $124 — right around the average.

What else makes Seven Corners great:

Comprehensive plans for U.S. residents and foreigners, including travelers visiting the U.S.

Cheap add-ons for rental car damage, sporting equipment rental or trip interruption for any reason.

Read our full review of Seven Corners .

Best for long-term travelers: IMG

• Coverage available for adventure travelers.
• Special medical insurance for ship captains and crew members, international students and missionaries.
• Claim approval can be lengthy.

While some travel insurance companies offer just a handful of plans, with IMG, you’ll really have your pick. Though this requires a bit more research, it allows you to search for coverage that fits your travel needs.

However, travelers will want to be aware that IMG’s iTravelInsured Travel Lite is expensive. Coming in at $149.85, it’s the costliest plan on our list.

Read our full review of IMG .

What else makes IMG great:

More affordable than average.

Many plans to choose from to fit your needs.

Best for travelers with unpredictable work demands: Tin Leg

• In addition Cancel For Any Reason, some plans offer cancel for work reason coverage.
• Adventure sports-specific coverage is available.
• Plans have overlap that can be hard to distinguish.
• Only one plan includes Rental Car Damage coverage available as an add-on.

Tin Leg’s Basic plan came in at $134 for our sample trip, adding about $8 onto the average basic policy cost. Note that you’ll pay a lot more if you shop for the most comprehensive coverage, and there are eight plans to choose from for trips abroad.

The multitude of plans can help you find coverage that fits your needs, but with so many to choose from, deciding can be daunting.

The only real way to figure out your ideal plan is to compare them all, look at the plan details and decide which features and coverage suit you and your travel style best.

Read our full Tin Leg review .

Best for booking travel with points and miles: TravelSafe

• Covers up to $300 redepositing points and miles on eligible canceled award flights.
• Optional add-on protection for business equipment or sports rentals.
• Multi-trip or year-long plans aren’t available.

Selecting your travel insurance plan with TravelSafe is a fairly straightforward process. The company’s website also makes it easy to visualize how optional add-on elements influence the total cost, displaying the final price as soon as you click the coverage.

However, at $136, the Basic plan was among the more expensive for our trip to Mexico.

What else makes TravelSafe great:

Rental car damage coverage add-on is available on both plans.

Cancel For Any Reason coverage available on the TravelSafe Classic plan.

Read our full TravelSafe review .

Best for group travel insurance: HTH Insurance

HTH Travel Insurance

• Covers travelers up to 95 years old.
• Includes direct pay option so members can avoid having to pay up front for services.
• A 24-hour delay is required for baggage delay coverage on the TripProtector Economy plan.
• No waivers for pre-existing conditions on the lower-level plan.

HTH offers single-trip and multitrip medical insurance coverage as well as trip protection plans.

At around $125, the Trip Protector Economy policy is at the average mark for plans we reviewed.

You can choose to insure group trips for educators, crew, religious missionaries and corporate travelers.

What else makes HTH Insurance great:

Medical-only coverage and trip protection coverage.

Lots of options for group travelers.

Read our full review of HTH Insurance .

As you shop for travel insurance, you’ll find many of the same coverage categories across numerous plans.

Trip cancellation

This covers the prepaid costs you make for your trip in cases when you need to cancel for a covered reason. This coverage helps you recoup upfront costs paid for flights and nonrefundable hotel reservations.

Trip interruption

Trip interruption benefits generally involve disruptions after you depart. It helps reimburse costs incurred for flight delays, cancellations and plenty of other covered disruptions you might encounter during your travels.

This coverage can cover the costs for you to return home or reimburse unexpected expenses like an extra hotel stay, meals and ground transportation.

Trip delay coverage helps cover unexpected costs when your trip is delayed. This is another coverage that helps offset the costs of flight trouble or other travel disruptions.

Note that many policies have a total amount a traveler can claim, with caps on per diem benefits, too.

Cancel For Any Reason

Cancel For Any Reason coverage allows you to recoup some of the upfront costs you paid for a trip even if you’re canceling for a reason not otherwise covered by your standard travel insurance policy.

Typically, adding this protection to your plan costs extra.

Baggage delay

This coverage helps cover the costs of essential items you might need when your luggage is delayed. Think toiletries, clothing and other immediate items you might need if your luggage didn’t make it on your flight.

Many travel insurance plans with baggage delay protection will specify how long (six, 12, 24 hours, etc.) your luggage must be delayed before you can make a claim.

Lost baggage

Used for travelers whose luggage is lost or stolen, this helps recoup the lost value of the items in your bag.

You’ll want to make sure you closely follow the correct procedures for your plan. Many plans include a maximum total amount you can claim under this coverage and a per-item cap.

Travel medical insurance

This covers out-of-pocket medical costs when travelers run into an emergency.

Because many travelers’ health insurance plans don’t cover medical care overseas, travel medical insurance can help offset out-of-pocket health care costs.

In addition to emergency medical coverage, many plans have medical evacuation or repatriation coverage for costs incurred when you must be taken to a hospital or return to your home country because of a medical situation.

Most travel insurance plans cover many trip protections that can help you be prepared for unexpected travel disruptions and expenses.

These coverages are generally aimed at protecting the money you put into your trip, expenses you incur because of travel trouble and costs incurred if you have a medical emergency overseas.

On top of core coverages like trip cancellation and interruption and travel medical coverage, some plans offer add-on options like waivers for pre-existing conditions, rental car collision damage waivers or adventure sports riders. These usually cost extra or must be added within a specified timeframe.

Typical travel insurance policies offer coverage for many unforeseen events, but as you research to select a plan, consider your needs. Though every plan differs, there are some commonly excluded coverages.

For instance, you typically can’t get coverage for a named storm if you bought the coverage after the storm was named. In other words, if you have a trip to the Caribbean booked for Sept. 25 and on Sept. 20 a hurricane develops and is named, you generally won’t be able to buy a travel insurance plan Sept. 21 in hopes of getting your money back.

Many plans also don’t cover activities performed under the influence of drugs or alcohol or any extreme sports. If the latter applies to you, you might want to consider a plan with specific coverages for adventure-seekers.

For numerous plans, a few other situations don’t qualify as an acceptable reason to cancel and make a claim, such as fear of travel, medical tourism or pregnancies (unless you booked a trip and bought insurance before you became pregnant or there are complications with the pregnancy). This is where a Cancel For Any Reason add-on to your coverage can be helpful.

You can also run into trouble if you give up on a trip too soon: a minor (or even multihour) flight delay likely isn’t sufficient to cancel your entire trip and get reimbursed through your plan. Be sure to review what requirements your specific plan has when it comes to canceling a trip, claiming trip interruption, etc.

Travel insurance costs vary widely. The final price of your plan will fluctuate based on your age, length of trip and destination.

It will also depend on how much coverage you need, whether you add on specialized policies (like Cancel For Any Reason or pre-existing conditions coverage), whether you plan to participate in extreme sports and other factors.

In our examples above, for instance, the 35-year-old traveler taking a $2,000 trip to Italy would have spent an average $76 for a basic plan to get coverage for things like trip cancellation and interruption, baggage protection, etc. That’s a little less than 4% of the total trip cost — lower than average.

If there were multiple members in a traveling party or if they were going on, say, a rock-climbing or bungee-jumping excursion, the costs would go up.

On average, travel insurance comes to about 5% to 10% of the trip cost. However, considering many of the plans reimburse up to 100% of the trip cost (or more) for disruptions like trip cancellation or interruption, it can be a worthwhile expense if something goes wrong.

It depends. Consider the following factors that might affect your decision: You’re young and healthy, all your bookings are refundable or cancelable without a penalty, your flights are nonstop, you’re not checking bags and a credit card you carry offers some travel protections . In that case, travel insurance might not be necessary.

On the other hand, if you prepaid a large chunk of money for a nonrefundable African safari, you’re going on a Caribbean cruise in the middle of a hurricane season or you’re going somewhere where the cost of health care is high, it’s not a bad idea to buy a travel insurance plan. Here’s how to find the best travel insurance coverage for you.

If you’re thinking of booking a trip and not planning to buy travel insurance, you may want to consider at least booking refundable airfare and not prepaying for hotel, rental car and activity reservations. That way, if something goes wrong, you can cancel without losing any money.

Selecting the best travel insurance policy comes down to your needs, concerns, preferences and budget.

As you book, take a few minutes to consider what most concerns you. Is it getting stranded because of flight trouble? Having the ability to cancel for any reason you see fit without losing money? Getting sick or injured right before departure and needing to postpone the trip? Injuring yourself or falling ill while overseas?

Ultimately, you want a plan that protects you, your money and the large investment in your trip — but doesn’t cost too much, either.

Medical coverage. If your priority is having adequate medical coverage abroad, you might want to look for plans with high limits for medical emergencies and medical evacuation.

Complex travel itinerary. If your itinerary has lots of flight connections, prepaid hotels and deposits for activities you can’t get back, prioritizing a plan with the best coverage for trip cancellations or interruptions may land at the top of your list.

Travel uncertainty. If you’re on the fence about a trip and have nonrefundable reservations, you may want to select a plan with a Cancel For Any Reason coverage option, which can help you recoup about 50% to 75% of the costs. This helps provide peace of mind, placing the decision on whether to travel entirely in your hands.

Car rentals. If you’re renting a car, a collision damage waiver is often worth looking into.

The following destinations are the top insured destinations in 2024, according to Squaremouth (a NerdWallet partner).

The Bahamas.

Costa Rica.

Antarctica.

In 2022, travelers spent about 25.53% more on trips than they did before the pandemic.

As of December, NerdWallet analysis determined travel prices are 10% higher than pre-pandemic. Each statistic makes a strong case for protecting your travel investment as you plan your next trip.

Bookmark these resources to help you make smart money moves as you shop for travel insurance.

What is travel insurance?

CFAR explained.

Is travel insurance worth getting?

10 credit cards that provide travel insurance.

Here is the list of travel cards offered by Chase that include various forms of travel insurance.

Having one of these in your wallet is a good start to protecting your travel investments and preventing expensive accidents; however, savvy travelers check card terms closely and sometimes supplement with a third-party policy, like from one of the companies above, to better protect themselves.

on Chase's website

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Trip delay: Up to $500 per trip for delays more than 12 hours.

• Car rentals: Theft and collision damage for most cars in the U.S. and abroad.

• Trip cancellation: Up to $1,500 per person and $6,000 per trip.

• Trip interruption: Up to $1,500 per person and $6,000 per trip.

• Baggage delay: Up to $100 per day for three days.

We used the following factors to choose insurance providers to highlight:

Breadth of coverage: We looked at how many plans each company offered plus the range of their standard plans. 

Depth of coverage: We considered two data points to get a sense of how much each company pays out for common travel issues — the maximum caps for trip cancellation and trip interruption claims.

Cost: By looking at the costs for basic coverage across multiple companies, we determined an average cost for shoppers to benchmark plan prices against.

Customizability: While standard plans can cover a lot of ground, sometimes you need something a little more personal.

Customer satisfaction. Using data from Squaremouth when available, and Google Reviews as a backup, we can give kudos to companies with better track records from their clients.

No, it doesn’t necessarily get more expensive the longer you wait to purchase. However, as you put off buying insurance, you may lose access to potential plans and coverage options.

In general, buying travel insurance within a few days to two weeks of prepaying or making an initial deposit for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

But, generally, many plans do allow you to buy coverage quite close to your departure date.

To get the most out of your travel insurance plan, buy it soon after making your initial prepayment or deposit to ensure you have access to the biggest menu of plans possible.

Select a plan that’s comprehensive enough to cover the travel scenarios you’re most concerned about or likely to encounter but not too expensive or laden with protections you’d never likely need.

Whatever your coverage, thoroughly review the plan so you understand what’s covered and what’s not, plus how to adhere to the plan’s rules for making a claim.

Travelers frequently use phrases like “trip insurance” and “travel insurance,” as well as “trip protection,” interchangeably, but they do mean different things, according to Stan Sandberg, founder of insurance comparison site TravelInsurance.com.

Trip insurance, or trip protection, generally refers to predeparture (or preevent) coverage if you need to cancel. You may see these plans sold by airlines, online travel agencies or even ticketed event sellers.

“You could refer to it as the portion that protects the investment in the trip,” Sandberg says.

A travel insurance plan typically includes that — plus more comprehensive benefits to protect you during your trip, from medical coverage to trip delay and lost baggage protections, and many more elements, depending on the plan.

Though travel insurance is typically not required for international trips, your personal circumstances will play a key role in whether it’s a good investment.

For instance, young, healthy travelers with few prepaid trip expenses embarking on a relatively risk-free trip may not see a need to buy a plan.

Older travelers with complicated itineraries who are visiting destinations where they could potentially fall ill or get injured — or who could encounter bad weather or some other disrupting factor along the way — may want to buy coverage.

Consider a few key questions:

How well would your health insurance plan cover you if you needed to visit a hospital overseas?

How much did you prepay for a hotel or rental car?

How much money would you be out if weather or some other flight issue derailed your itinerary?

Could you afford an unexpected night in a city where you have a connecting flight?

Do you already have a credit card that provides some travel protections?

Your answers to these questions can help you decide whether you need travel insurance for your international trip.

In general, buying travel insurance

within a few days to two weeks of prepaying or making an initial deposit

for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

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

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Moscow Tries to Reinvent Itself as Financial Hub

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By Andrew E. Kramer

• April 3, 2013

MOSCOW — Having tried and failed to become a major financial center, Moscow is trying yet again — only this time it finds itself competing for business with Warsaw, not London, Tokyo and New York.

Moscow wants companies to list on the Moscow stock exchange. It wants money center banks to expand here, as well as insurance companies and law firms that deal with securities, to make Moscow the hub for the former Soviet Union or Eastern Europe.

To do all that, city leaders are inviting business to glittering new skyscrapers, including the Mercury City Tower, which at 75 stories is the tallest building in Europe.

“The idea is to upgrade the position of Moscow in ratings, to become closer to the leaders of innovation and to the big boys of international financial centers,” Andrei V. Sharonov, the deputy mayor for economic affairs, who led a roadshow tour promoting the city in Asia, said in an interview.

This spring, the city government sent deputy mayors to Tokyo, Singapore, Frankfurt, London, Boston and New York to tell banks and other financial companies they should take a closer look at Moscow. The trip was the first concerted effort by the city government to woo investors as tenants for the new high-rise financial district called Moscow City.

Certainly Moscow has a lot of wooing to do. A city of traffic-clogged highways and sprawling concrete apartment blocks, Moscow is widely known as a singularly difficult place to do business. It did attract the big banking houses from New York and London after the fall of Communism. But cronyism, the lack of transparency and shady accounting gave companies pause. Weak courts and selective enforcement encouraged companies to conduct business outside Russia.

Political change in Russia further sapped enthusiasm. Vladimir V. Putin, a skeptic regarding greater integration with the West, succeeded Dmitri A. Medvedev, who was seen as a modernizing figure, as president in a switch known as “the castling” for its resemblance to the chess move.

Mr. Medvedev had named senior Western bank executives to an advisory council for transforming Moscow’s financial sector. They included Jamie Dimon, the chief executive of JPMorgan Chase; Vikram S. Pandit, the former chief executive of Citigroup; and Lloyd C. Blankfein, the chief executive of Goldman Sachs.

But the Global Financial Center Index, published in March by Z/Yen, a consulting agency, placed Moscow 65th out of 79 cities studied. London was first, followed by New York and Hong Kong. The ranking placed Moscow between Bahrain and Mumbai. A survey by the World Bank and the International Finance Corporation even ranked Moscow No. 30 out of 30 Russian cities for ease of doing business.

“Moscow was never going to be an international financial center,” a Western banker working here, who was not authorized to speak for his employer on the matter, said of the effort. “That was a joke.”

So Moscow is setting its sights a little lower. Its biggest problem is to be taken seriously even as a regional center.

The midsize companies in neighboring Ukraine or other former Soviet republics are choosing to go public in Warsaw. They are hardly bothering to look at the carefully laid out welcome mat in Russia. Kernel, a Ukrainian corporate farming enterprise, and Coal Energy, a Ukrainian producer of steam coal, listed in Poland, where a policy of investing pensions in the stock market helps the local exchange.

The Warsaw stock exchange, in fact, has so many Ukrainian company listings it has a Ukraine index. Micex, the Russian stock exchange, has no such index because it has so few listings.

Moscow must compete, said Mr. Sharonov, the deputy mayor, because “there are a lot of other opportunities and competitors all over the world.”

Moscow’s roadshow was intended to illustrate the city’s efforts to become more livable for foreign executives and residents, Mr. Sharonov said. A new interchange links the financial district to nearby roads, for example, easing congestion.

Also, under the federal program to promote banking here, Russian financial regulators tied up loose ends in ways that pleased stock traders and other financial professionals, but have not been widely noticed.

Russia created a central securities depository, introduced standard accounting rules for publicly listed companies and is well on the way to consolidating nearly all financial regulatory authority in the central bank by 2015. And, without much fanfare, the government now insists that all listed Russian companies report financial results in accordance with international accounting standards.

“It’s a substantive change,” said Bruce Bower, the managing director of Verno Capital, a hedge fund that focuses on Russia. “The government realized that by doing a little work, for the first time, it could make a difference.”

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Public joint stock company moscow city telephone network (mgtsp.me).

• Previous Close 674.00
• Open 678.00
• Bid 670.00 x 23000
• Ask 670.00 x 10000
• Day's Range 666.00 - 688.00
• 52 Week Range 666.00 - 786.00
• Avg. Volume 0
• Market Cap (intraday) 123.184B
• Beta (5Y Monthly) 0.06
• PE Ratio (TTM) 4.21
• EPS (TTM) 159.01
• Earnings Date --
• Forward Dividend & Yield --
• Ex-Dividend Date Jul 10, 2019
• 1y Target Est --

Public Joint Stock Company Moscow City Telephone Network Overview Telecom Services / Communication Services

Public Joint Stock Company Moscow City Telephone Network provides telecommunications services in Russia and rest of Europe. The company offers internet, television, home phone, and mobile connection services. It also provides CCTV, security, antivirus, smart house, smart phones and gadgets, and various home services. The company was founded in 1882 and is based in Moscow, Russia.

Full Time Employees

December 31

Fiscal Year Ends

Telecom Services

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Performance overview: mgtsp.me.

Trailing total returns as of 4/30/2024, which may include dividends or other distributions. Benchmark is MSCI WORLD .

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Statistics: MGTSP.ME

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