Berkshire Hathaway Travel Insurance: A Guide – NerdWallet

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If you are considering purchasing travel insurance, ask yourself the following questions:

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If your luggage didn’t arrive in Iceland, would you have the budget for a new set of winter clothes?

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If an unforeseen event cuts short your trip to Italy, can you grab a last-minute ticket home?

If you’re stuck in Cancun because of a hurricane, will the extra cost of an extended stay leave you financially out of sorts?

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Adding expense to an already expensive vacation is probably one of the last things you want to do. However, if something does go wrong, travel insurance coverage can help cover some of the additional costs.

Let’s take a look at the travel insurance plans that Berkshire Hathaway Travel Protection Globetrotters offers, how to buy a policy and some factors to consider while choosing the right policy for you.

What is Berkshire Hathaway?

Run by Chair and CEO Warren Buffett, Berkshire Hathaway is a multinational holding company that owns a wide variety of businesses—from well-known ones like Geico and Duracell to a variety of insurance, construction, and retail companies. Berkshire Hathaway Travel Protection is where you would go to buy travel insurance.

Is Berkshire Hathaway Travel Insurance Legit?

All plans also include 24/7 emergency travel support. Additionally, the company says it pays claims five times faster than the industry average — in some cases, you can get reimbursed the same day you file your claim.

What types of plans does Berkshire Hathaway Travel Protection offer?

Travelers can choose from a range of plans based on their needs and preferred coverage limits. Here is a brief description of each plan:

ExactCare Extra: This plan covers trip cancellation, interruption and delay. It also provides compensation for missed connections or asphalt delays. For medical coverage, you are covered for up to $500,000 for emergency medical evacuation. The plan also covers medical expense reimbursement of up to $50,000.

Accurate Care: This policy gives you $500,000 for medical evacuation costs but only $25,000 for emergency medical costs.

Accurate Care Value: This budget option covers up to $15,000 in emergency medical costs and up to $150,000 in medical evacuation expenses.

LuxuryCare: This plan covers up to $100,000 in emergency medical coverage and up to $1,000,000 for emergency medical evacuation. You also have sports equipment damage coverage.

WaveCare: This plan provides up to $750,000 for medical evacuation and up to $75,000 for medical costs. You also get $10,000 for accidental death coverage, which can go up to $50,000 if you buy the policy within 15 days of your initial travel deposit. The plan pays up to $500 if you are confined to a cruise ship without power, food or water as part of the policy’s cruise disability coverage.

AdrenalineCare: This plan is the only option that includes extreme and adventure sports coverage in the bundle. It covers up to $750,000 for medical evacuation, up to $50,000 for medical costs and up to $10,000 for accidental death.

AirCare: This plan only covers things that go wrong with your flight, including flight cancellations, flight departure delays, flight diversions, tarmac delays, missed connections, lost luggage, baggage delays and late night delays Is. It does not provide medical or evacuation coverage.

All the above plans, except the AirCare plan, include waiver of pre-existing conditions if you purchase the policy within 15 days of the initial travel deposit date.

How much does Berkshire Hathaway travel insurance cost?

Let’s compare coverage limits and prices for Berkshire Hathaway’s 10-day trip to Italy, which costs $2,000 for a 36-year-old traveler from Utah.

Travel Delay: $1,000, up to $200 per day.

Trip Cancellation: $2,000.

Trip Handicap: $3,000.

Flight departure delay: $50.

Medical Expenses: $50,000.

Emergency Withdrawal: $500,000.

Accidental death and dismemberment: $10,000.

Travel Delay: $1,000, up to $200 per day.

Trip Cancellation: $2,000.

Trip Handicap: $3,000.

Medical Expenses: $25,000.

Emergency Withdrawal: $500,000.

Accidental death and dismemberment: $10,000 ($50,000 if you buy within 15 days of the initial deposit).

Travel Delay: $500, up to $100 per day.

Trip Cancellation: $2,000.

Trip Handicap: $2,000.

Lost baggage: $750 ($50 deductible).

Medical Expenses: $15,000.

Emergency Withdrawal: $150,000.

Accidental death and dismemberment: $25,000 (if you buy within 15 days of the initial deposit).

Travel Delay: $2,000, up to $200 per day.

Trip Cancellation: $2,000.

Trip Handicap: $3,000.

Sporting and Golf Equipment Delay: $500.

Medical Expenses: $100,000.

Emergency Withdrawal: $1,000,000.

Accidental death and dismemberment: $25,000.

Travel Delay: $1,000, up to $200 per day.

Trip Cancellation: $2,000.

Trip Handicap: $3,000.

Cruise Disability: $500.

Medical Expenses: $75,000.

Emergency Withdrawal: $750,000.

Accidental death and dismemberment: $10,000 (goes up to $50,000 if you buy within 15 days of the initial deposit).

Trip Delay: $600, up to $200 per day.

Trip Cancellation: $2,000.

Trip Handicap: $3,000.

Sporting and Golf Equipment Delay: $500.

Medical Expenses: $50,000.

Emergency Withdrawal: $750,000.

Accidental death and dismemberment: $10,000.

Adventure Sports Coverage: Incl.

Flight cancellation: $150.

Flight departure delay: $50.

How to get a quote from Berkshire Hathaway

Travel method (plane, automobile or cruise).

The date of the first payment made by you for the journey.

Zip code of your primary residence.

You must fill in all fields to proceed. Click “Check Our Prices” to see the cost of each plan.

You will be able to edit any or all parts of your quote including your destination, residence, travel mode, date, number of passengers and travel cost.

Which Berkshire Hathaway Travel Protection Plan is best for me?

After getting the quote, go through all the policy details and decide which one is right for you. The LuxuryCare plan has the highest limits for medical expenses and medical evacuations, but is also the most expensive. In other plans, medical coverage is relatively limited.

We recommend comparing quotes from multiple insurance providers to make sure you are getting the most bang for your buck. Squaremouth, a travel insurance marketplace and NerdWallet partner, gives you quotes from multiple providers to help you decide when shopping for travel insurance.

Many travel credit cards include various travel protections, so look into those benefits to make sure you’re not paying for something you already have.

Berkshire Hathaway Travel Protection Insurance Review, Recapped

You never know what can happen before or during a trip, so it’s usually a good idea to buy travel insurance. A travel protection policy can help you offset unexpected costs and save you headaches later.

Berkshire Hathaway Travel Protection is a trustworthy insurance provider, and the speed with which it settles claims is impressive. However, its medical coverage limits are not the highest. If you are looking for emergency medical coverage, we recommend considering other travel insurance providers.

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