We’ve bought Travel Guard travel insurance from AIG on our most recent international trips. Fortunately, I’ve never had to use it, but I started to wonder with all this mess, is Travel Guard still reliable insurance to buy? It turns out, according to the Washington Post and an AIG spokesman, “you’re covered.”

Travel Guard spokesman Dan McGinnity told CoGo: “Travel Guard policyholders are not affected by the restructuring of our parent company. Travel Guard is strong, and the insurance company that underwrites our policies is strong, with ample resources to underwrite our policies and pay the claims of our policyholders.” (The underwriter is National Union Fire Insurance, a member company of AIG Commercial Insurance, which McGinnity says has a “statutory surplus of $26.7 billion and invested assets exceeding $70 billion.”)

Not convinced? Try this for McGinnity’s advice:

McGinnity also offered a few tips to people looking to buy travel insurance , especially in this era of airline bankruptcy: “Consider a third-party travel insurance policy . . . that includes coverage for financial default. To ensure that you get this coverage, the policy must be purchased within 15 days of when you book your trip.” Shop for insurance at http://www.squaremouth.com or http://www.insuremytrip.com.

This entry was posted on Thursday, October 16th, 2008 at 4 pm and is filed under news, travel.