Is it Safe to Get AIG Travel Guard Travel Insurance?

Hi Steve, My husband and I have ordered our travel insurance from you again, This makes four years in a row. We are insured with AIG Travel Guard. We have seen AIG and its financial difficulties in the news over the past weeks. Is our coverage void? Margaret G.

Hi Margaret,

Thanks for writing. You are right - AIG has been in the news lately.

First, I have no trouble recommending AIG Travel Guard. I used to be a Registered Representative and Certified Financial planner with Series 6, Series 7 and Series 22 securities licenses. Nothing from my past experience tells me to be worried about the safety of AIG Travel Guard.

Here’s some more information to help you:

Insurance companies are regulated by the states’ insurance departments where they do business. This includes the requirement to have substantial financial reserves set aside to pay future claims.

John Noel, the President of Travel Guard has two informational pieces you should find helpful and re-assuring, too:

• Here’s a Message from John Noel, the President of Travel Guard which explains things well.
• And, click here to learn more about Travel Guard’s Financial Reserves.

Want to learn more about Travel Guard’s fine travel insurance plans? Click here to see Travel Guard’s plan details.