Looking for the perfect group travel insurance plan for your upcoming trip with friends and family? Look no further! In this article, we'll share our top recommendations to ensure you have the best group travel insurance coverage possible.
Why Group Travel Insurance?
Planning a trip for a larger group of people? Group travel insurance is essential to protect yourself from potential financial losses due to canceled trips, medical emergencies abroad, delays, and other unexpected mishaps. Here's a summary of our findings for the best group travel insurance policies in 2023:
- Best plan for up to 10 travelers: Worldwide Trip Protector
- Best plan for 10+ travelers: RoundTrip Group
- Best medical plan for 10+ travelers: Liaison Travel Plus Group
Let's delve deeper into each of these recommendations and explore the basics of group travel insurance.
Basic Information On Group Travel Insurance
When it comes to group travel insurance, there are a few options to consider based on the size of your group and the coverage you need.
The first option is comprehensive travel insurance. This type of plan provides coverage for trip cancellation, medical emergencies, baggage, delays, and more. While comprehensive plans cost more due to their extensive coverage, they offer the most protection for your trip.
The second option is travel medical insurance. This plan primarily focuses on medical emergencies and evacuation, without coverage for trip costs. Travel medical insurance plans are typically more affordable, making them a suitable choice if you're mainly concerned about medical coverage.
For both options, certain criteria are crucial in selecting the best group travel insurance plans, including:
- Coverage for Covid-19 medical treatment and cancellation*
- Emergency medical coverage of at least $100,000 per person
- Evacuation coverage of at least $100,000
- Weather and hurricane coverage*
- Travel delay triggers of 12 hours or less
- Availability of "cancel for any reason" coverage*
*These criteria apply to comprehensive plans.
Let's now explore our recommended insurance plans for group trips based on the above criteria, individual policy features, and cost. All the plans we recommend are offered by reputable travel insurance companies with expertise in the field.
Best Group Travel Insurance Plan for up to 10 Travelers
If you're planning a trip for a large family or a multi-generational group, the Worldwide Trip Protector is the ideal plan for you. This comprehensive plan covers trip cancellation, interruption, medical emergencies, evacuation, baggage, delays, and more. Notably, it offers great pricing for larger traveling groups. To give you an idea, here's an example quote for a two-week trip with 10 travelers, costing $20,000:
Example quote $816 (includes all travelers):
Best Group Travel Insurance Plan for 10+ Travelers
For groups of more than 10 travelers seeking comprehensive coverage, the RoundTrip Group plan is the perfect choice. This plan comes with a special group rating, simplified enrollment, and covers trip cancellation, interruption, medical emergencies, evacuation, baggage, delays, and more. Whether it's a larger family or an organized tour, this plan offers the comprehensive protection you need. Here's an example quote for a two-week trip with 16 travelers, costing $32,000:
Example quote $2,014 (includes all travelers):
Best Group Travel Medical Plan for 10+ Travelers
If you're planning a group trip with more than 10 travelers and you only require coverage for medical emergencies, the Liaison Travel Plus Group plan is the best option. While comprehensive travel insurance covers trip cancellation and other non-medical aspects, this plan focuses solely on emergency medical coverage and medical evacuation. It provides a simpler and more cost-effective option when cancellation is not a concern. Here's an example quote for a two-week trip with 16 travelers:
Example quote $1,627 (includes all travelers):
How Much Does Group Travel Insurance Cost?
In general, comprehensive travel insurance costs between 4-10% of your insured trip cost. Travel medical only plans can vary, but you can expect to pay under $10 per day for each traveler.
Comprehensive plans are more expensive because they cover both trip costs and medical emergencies. For instance, a comprehensive plan for a large family cruise would cover their $25,000 trip cost, as well as medical emergencies, evacuations, baggage, and delays. The insurance company assumes a significant financial risk in such cases, resulting in higher premiums. On the other hand, a trip with only medical coverage poses less financial risk, leading to lower premiums.
Here are the sample costs per person for the previously mentioned trips:
Full Comprehensive Coverage for a Group up to 10 Travelers:
For this scenario, imagine a two-week trip involving two grandparents, two adult children with spouses, and six grandchildren, with a total trip cost of $20,000. The Worldwide Trip Protector plan would cost $816 for all travelers, approximately 4% of the trip cost. This comprehensive plan covers trip cancellation, medical emergencies, evacuation, baggage, delays, and more. The cost breaks down to $81 per person for two weeks of coverage.
Full Comprehensive Coverage for a Group over 10 People:
Consider a similar trip with 16 travelers over two weeks, costing $32,000. The RoundTrip Group plan would cost $2,014 for all travelers, around 6% of the trip cost. This plan offers comprehensive coverage for trip cancellation, medical emergencies, evacuation, baggage, delays, and more. The cost amounts to $125 per person for two weeks of coverage.
Travel Medical Coverage for a Group over 10 People:
For a group trip with 16 travelers over two weeks, with a focus only on medical emergencies, the Liaison Travel Plus Group plan would cost $1,627 for all travelers. The plan covers medical emergencies, evacuation, baggage, delays, and more, at a cost of $7 per day for each traveler.
Important Coverages for Group Trips
Image Caption: Best group travel insurance - large group of people skiing
When planning a group trip, the risks are similar to any other journey, but with more people involved, the chances of something happening increase. Here are the main covered reasons for trip cancellation to consider:
- Trip cancellation and interruption coverage
- Covid-19 coverage for cancellations and medical treatment
- Emergency medical and evacuation coverage
- Hurricane and weather coverage
- Cancel For Any Reason (CFAR) upgrade available
- Travel delay coverage
- Baggage loss, theft, or damage coverage
- Baggage delay coverage
Wrapping Up Our Review Of The Best Travel Insurance Policies For Groups
In conclusion, we've presented you with the best group travel insurance coverage options currently available. To recap, our top recommendations are:
- Best plan for up to 10 travelers: Worldwide Trip Protector
- Best plan for 10+ travelers: RoundTrip Group
- Best medical plan for 10+ travelers: Liaison Travel Plus Group
To determine your ideal travel insurance plan for a group, we recommend getting a quote through us. We'll find the most suitable coverage for your unique trip, regardless of your destination, travel companions, and specific requirements. Start today and enjoy peace of mind on your travels. Remember, the value of that peace of mind is priceless!
