Allianz vs Seven Corners: Best Pick in 2023

So your travel insurance research has reached the point of asking “which company is better– Allianz vs Seven Corners?”.

Both of these companies show up often in travel insurance searches, and are both recognized names in insurance. I also have complete reviews for both Allianz and Seven Corners you can read for more details on each.

This page will show you how these two travel insurance companies compare. Which company has the best coverage? How does the cost compare? Are they both reputable companies?

Summary

My analysis shows that Seven Corners is the best choice between Allianz & Seven Corners. Both of Seven Corners’ plans have the Cancel For Any Reason upgrade available while Allianz doesn’t even have the option. Their plans cover hurricane warnings for cancellation while Allianz does not. Their medical limits are much higher than Allianz. The baggage and delay coverage is better. Finally, they are significantly lower priced across the board.

Criteria for comparing

For this comparison, we’ll be looking at single-trip travel insurance for something like a family vacation or cruise. This is “all in one” insurance that covers cancellation, medical emergencies, baggage, delays, and more. Both companies have other plan options, but most travelers buy single-trip travel insurance.

When I compare, I consider the coverage, the amount of coverage, unique features, optional upgrades, and the cost. Finally, I look at value because there’s no need to spend more on coverage you don’t need.

Let’s get started.

Plan Options with Allianz vs Seven Corners

Allianz follows the format of “good-better-best” for their travel insurance plans. This is common because it gives you insurance options to fit every budget. The lower-cost plans will have lower limits, options, and even lack some coverage. The higher-cost plans will have higher limits, extra coverages, and more optional upgrades. The mid-range plans have a good mix of coverage and price.

Seven Corners keeps it very simple. They offer a low-middle cost plan with RoundTrip Basic, and a higher-coverage plan with RoundTrip Choice.

Here are the plans we’re comparing:

Allianz	Seven Corners
OneTrip Basic	RoundTrip Basic
OneTrip Prime	RoundTrip Choice
OneTrip Premier

Winner: This is a Tie. Both Allianz and Seven Corners offer choices of plans that fit the needs of most travelers. Even though Seven Corners only has two plans, RoundTrip Basic covers a lot of ground by being budget-minded but having good coverage.

Trip Cancellation & Interruption Coverage

Both Allianz and Seven Corners will reimburse your costs if you need to cancel your trip for a covered reason. They cover 100% of your pre-paid and non-refundable trip costs.

This covers events like getting sick before departure, a death in the family, hurricanes & severe weather, or getting called for jury duty. There is a long list of covered reasons for trip cancellation, but the most common is someone getting sick or injured.

Trip interruption coverage reimburses you if the trip is cut short for a covered reason. The reasons are similar– someone getting sick or injured, a parent death back home, a house fire back home, and more.

Policy	Trip Cancellation	Trip Interruption
Allianz OneTrip Basic	100%	100%
Allianz OneTrip Prime	100%	150%
Allianz OneTrip Premier	100%	150%
Seven Corners RoundTrip Basic	100%	100%
Seven Corners RoundTrip Choice	100%	150%

Winner: Another Tie. Both companies have similar broad coverage here.

Cancel For Any Reason (CFAR) Coverage

Travel insurance covers a long list of events for cancellation. The most common is someone getting sick before the trip, but it also covers a death in the family, house fire, hurricane, terrorism, and more.

To expand this coverage and give travelers more peace-of-mind, insurance companies came up with Cancel For Any Reason (CFAR) coverage. This is an upgrade that costs more, but gives you far more coverage.

With CFAR coverage, you can cancel for any reason up until 48 hours before your trip. You will receive up to 75% of your trip cost back. The other 25% acts as a deductible.

Cancel For Any Reason has become more popular, especially since the Covid-19 pandemic. Travelers want the option to cancel if they feel unsafe, which is not a standard covered reason.

Seven Corners offers this with both of their plans as an optional upgrade. It covers up to 75% of your trip cost, and must be purchased within 20 days of your first trip payment.

Allianz does not offer Cancel For Any Reason with any of their plans.

I believe CFAR is an important option to have. Not all travelers choose to purchase it, but it is always smart to have it as an option.

Winner: With Cancel For Any Reason coverage, Seven Corners is the clear winner. Both of their plan offer this upgrade, and Allianz does not offer it with any plans.

Medical & Evacuation Coverage

Emergency medical coverage pays for emergency medical expenses for incidents that happen on your trip. This could be a slip & fall, a stroke, food poisoning, and anything else. This is vital when you leave your home country, because your insurance from home might not cover you.

Evacuation coverage pays medical transportation expenses. This might be a local ambulance, a rescue flight from a remote location, or a medical flight back home. Even if your insurance from home covers medical expenses, it won’t cover evacuation costs.

Coverage Comparison

Policy	Emergency Medical	Emergency Evacuation
Allianz OneTrip Basic	$10,000	$50,000
Allianz OneTrip Prime	$50,000	$500,000
Allianz OneTrip Premier	$50,000	$1,000,000
Seven Corners RoundTrip Basic	$100,000*	$250,000
Seven Corners RoundTrip Choice	$500,000*	$1,000,000

* Coverage is Secondary. This means the coverage pays after any other insurance you might have. The other plans are Primary, meaning it pays first. Either way you are covered, but Primary is easier. Many low-cost plans have Secondary medical coverage.

Seven Corners has higher medical coverage limits on their plans.

Winner: Because they have higher coverage limits, Seven Corners wins here. Even though their medical is Secondary coverage, the significantly higher limits make up for it. The $50,000 with Allianz is too low for many trips.

Covid Coverage with Allianz vs Seven Corners

Travel insurance covers cancellation if you, a family member, or traveling companion get sick prior to departure and a doctor advises they don’t travel. This is common with injuries and illnesses, and is the most common reason people cancel trips.

Both Seven Corners and Allianz treat Covid-19 like any other illness and cover it.

Travel insurance has emergency medical coverage, which pays medical expenses if you get sick or injured on your trip.

Both Allianz and Seven Corners cover Covid-19 as they would any other illness.

Winner: Tie. Both companies treat Covid-19 as they would any other illness for both trip cancellation coverage and emergency medical.

Hurricane & Weather Coverage

Coverage for hurricanes and severe weather are part of trip cancellation and interruption coverage. If your trip is delayed, canceled, or cut short because of these weather events you are covered.

The details matter. Insurance policies are all about definitions. Is a 10 minute delay the same as a 24 hour delay? Of course not. Is a rainstorm similar to a category 3 hurricane? Same thing.

The two main factors I look at are: 1) the length of delay before the coverage is in effect, and 2) the events that are covered.

Delay “trigger”

Every policy has a different amount of time that “triggers” the cancellation coverage. One policy might require a common carrier delay of 6 hours, another might be 48 hours. Shorter is better, because your coverage kicks in sooner.

Covered events

Most plans will list hurricane, severe weather, or inclement weather that causes a delay and causes you to cancel your trip.

But imagine a hurricane is heading towards your destination in the Caribbean. It is not affecting your departure city, so there’s no coverage there. And for the coverage to kick in at your destination, the hurricane needs to strike and cause damage closing your resort.

The best plans cover hurricane warnings from the NOAA. This way, even if it never strikes your destination, you have coverage if your destination is included in a hurricane warning. This expands your coverage, and gives you more ways to cancel and get your money back.

Policy	Delay Trigger	Hurricane Warning Covered
Allianz OneTrip Basic	24 Hours	No
Allianz OneTrip Prime	24 Hours	No
Allianz OneTrip Premier	24 Hours	No
Seven Corners RoundTrip Basic	48 Hours	Yes
Seven Corners RoundTrip Choice	48 Hours	Yes

Winner: The winner here is Seven Corners. Even thought the delay trigger is long, the addition of hurricane warning coverage puts them ahead.

Baggage & Delay Coverage

The two main areas of travel insurance coverage are trip cancellation/interruption, and emergency medical/evacuation. We covered that above.

Travel insurance also covers your baggage, baggage delays, and travel delays. Here’s how the coverage compares with Allianz vs Seven Corners:

Lost, stolen, or damaged baggage

This covers your baggage throughout the trip. Airlines may reimburse you for lost bags on flights, but they wouldn’t help you once you left the flight. This coverage has a per/traveler limit.

Policy	Baggage loss, damage, theft limit
Allianz OneTrip Basic	$500 per person
Allianz OneTrip Prime	$1,000 per person
Allianz OneTrip Premier	$2,000 per person
Seven Corners RoundTrip Basic	$500 per person
Seven Corners RoundTrip Choice	$2,500 per person

Delayed baggage

This covers extra expenses caused by a delayed bag. For example: If you’re attending a wedding and your suit is in the delayed bag, you can get a new suit and shoes. This coverage has a per/traveler limit, as well as a minimum delay time trigger.

Policy	Delayed bag limit/time trigger
Allianz OneTrip Basic	$200 24+ hours
Allianz OneTrip Prime	$300 24+ hours
Allianz OneTrip Premier	$600 24+ hours
Seven Corners RoundTrip Basic	$500 6+ hours
Seven Corners RoundTrip Choice	$500 6+ hours

Travel delay

This covers extra expenses caused by a delayed trips. For example: If your departure is delayed for a covered reason, it would pay costs for extra hotel stays and meals. This coverage has a limit, as well as a minimum delay time trigger.

Policy	Delayed bag limit/time trigger
Allianz OneTrip Basic	$150/day $300 max 6+ hours
Allianz OneTrip Prime	$200/day $800 max 5+ hours
Allianz OneTrip Premier	$200/day $1,600 max 3+ hours
Seven Corners RoundTrip Basic	$250/day $250 max 6+ hours
Seven Corners RoundTrip Choice	$250/day $2,000 max 6+ hours

Winner: This one is close, but Seven Corners wins here. They have higher limits for lost baggage on their premium plan. The baggage delay coverage is similar but the time trigger is far less. Seven Corners has much higher travel delay coverage with RoundTrip Choice.

Cost of Allianz vs Seven Corners

Travel insurance usually costs 4-10% of your insured trip cost. Here are the factors that determine the cost of travel insurance:

• Trip cost
• Number of travelers
• Ages of travelers
• Trip length
• Coverage limits
• Optional upgrades

Depending on various factors or optional upgrades like CFAR, the cost can be over 10%. Let’s look at how the costs compare with Allianz vs Seven Corners.

Sample trip: The following quote is for two travelers, both 70 years old. They are taking a two week trip to Spain. The total trip cost they are insuring is $5,000.

Policy	Travel insurance cost
Allianz OneTrip Basic	$332
Allianz OneTrip Prime	$430
Allianz OneTrip Premier	$672
Seven Corners RoundTrip Basic	$282
Seven Corners RoundTrip Choice	$430

As you can see, the cost of Allianz’s mid-range plan is $430, or a little over 8% of the insured trip cost. Seven Corners’ premium plan (RoundTrip Choice) is the same cost with much better coverage.

Winner: Here, Seven Corners has lower cost across the board.

Reputation & Trust

Both Allianz and Seven Corners are reputable companies that have been in business for a long time.

Allianz is one of the largest insurance companies in the world and has tremendous financial backing. This would explain their partnerships with so many travel suppliers, which is why you see them in the checkout process as an add-on purchase.

Seven Corners has been a leader in travel insurance since 1993. They work with the US Government, and have solid financial backing.

Claims

Travel insurance policies are contracts, just like any insurance policy. You make a promise to the company to pay a premium, and they make a promise to meet the terms of their coverage.

This does not mean every claim is paid. Insurance companies receive many claims that are not legitimate and cannot be paid.

Even though mistakes are made, most denied claims with travel insurance happen because travelers don’t understand what is covered. The most common misunderstanding here is covered reasons for trip cancellation. Travelers think they can cancel if “something happens”, but that something needs to be a covered reason.

Winner: Tie. Both Allianz and Seven Corners are reputable companies that will pay legitimate claims.

Final Thoughts: Allianz vs Seven Corners

Seven Corners wins pretty much all around. Both of Seven Corners’ plans have the Cancel For Any Reason upgrade available while Allianz doesn’t even have the option. Their medical limits are much higher than Allianz. The baggage and delay coverage is better. Finally, they are significantly lower priced across the board.

Quote & Purchase

I am a licensed travel insurance agent. If you found this comparison helpful and are ready to purchase, consider using my link below. I earn a commission, but it does not cost you anything because the company pays that. Insurance is regulated, and you won’t find the same plan available anywhere else for less.

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Seven Corners RoundTrip Plans

• Covid covered for sickness cancellation and emergency medical
• Great medical limits
• Cancel For Any Reason available with both plans