Allianz adds 12 more covered events for travel insurance
Allianz Partners announced a number of enhancements to its travel insurance products, including higher benefit limits and new covered events for trip cancellation and trip interruption.
Allianz customers can now trigger trip cancellation or interruption benefits for 12 new reasons: first responder call to duty, school year extension, veterinary emergency, denied boarding due to a medical reason, inability to receive a vaccination, adoption, new employment, visa refusal, theft or mechanical breakdown, covered illness/injury of a business partner, illness/injury/death of a caregiver, and theft of travel documents.
Additionally, the company has introduced “significant extensions on maximum trip length and maximum policy length,” Allianz said. Maximum trip length was 180 days but was increased to 366 days. A travel insurance policy can now be in effect from up to 1,095 days before the trip, up from 770. That will particularly benefit travelers who need to rebook a trip, Allianz said, as the policy’s effective dates can now be moved up to three years in the future.
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Benefit limits have also been raised due to increased travel costs. Benefit limits for medical emergencies have been increased, as well.
Finally, Allianz said, if a special event is rescheduled, that event can for the first time trigger loyalty program and redeposit-fee benefits. That, Allianz said, adds flexibility for consumers using points or miles to book a trip.
The new products are available in 37 states as of Dec. 10. They are pending in more states.
“The world is a rapidly changing place and consumers’ travel needs and habits have changed as well,” said Richard Aquino, Allianz Partners USA’s vice president and head of sales. “We’re proud to introduce significant new enhancements to our retail channel products that will better serve both our retail channel partners and the many consumers who count on us to protect their trips.”
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