John Hancock Insurance Agency, founded in 1862, offers travel insurance plans. These policies are underwritten by Starr Indemnity Liability Company, which has an A.M. Best Financial Strength Ration of A (Excellent) and administered by Seven Corners. The company offers policies for single-trip policies which cover evacuation, death and dismemberment, trip interruption, and personal effects like baggage.
Keep reading our John Hancock review for pros and cons of this provider’s travel insurance policy coverage.
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John Hancock Travel Insurance comes with a 14-day refund policy, or free-look period. Other providers such as Allianz only offer 10 days.
John Hancock offers a CFAR (Cancel for Any Reason) upgrade on every plan, while companies like Allianz Global Assistance do not.
Residents of the state of New York are excluded from this benefit.
Medical coverage is a high priority when it comes to choosing your travel insurance coverage. This company offers heavy medical coverage. Even the lowest cost Bronze plan offers $50,000 for medical expenses and treatments
The Silver and Gold plans travel delay benefits kick in sooner than most other providers, offering benefits after only three hours’ delay. Most other policies require a delay of 6 to 12 hours before benefits are available/eligible.
Policyholders with a pre-existing medical condition benefit from a shorter lookback period than most other travel insurers. At only 60 days, this is on the short end of the spectrum, which can go up to 180 days with some other insurance service providers.
If you are an adventure seeker with extreme sports on your itinerary, you may need to find a different policy provider. John Hancock doesn’t offer extreme sports coverage, not even as an add-on. Consider Travelex or World Nomads for a more adventurous travel insurance policy. So, if shoppers want to go scuba diving on a trip, they may need to look for different insurance coverage.
John Hancock offers generous plans, but no ‘kids covered for free’ policy options. So, if you go with this company, you will need additional policies for children traveling with you. Allianz Global Assistance and Travelex both offer some sort of kids for free coverage.
If policyholders upgrade to have CFAR travel insurance coverage, they still have to pay to cover 100 percent of the cost of their trip, but the benefit only covers 75 percent of their non-refundable trip payments