What Is The Travel Agent Commission On Travelguard Insurance? (Solution found)

According to one AIG Travel presentation for a group of agents, that commission rate is 26%.

Do travel agents get commission on travel insurance?

Travel agents get paid a commission on the trip price, travel insurance or cancellation fees. You will get paid after your clients’ tour departure. Combined with the commission on travel insurance sold through us, those $400 per traveler usually adds up to more than $500 in revenue per client.

Who owns Travelguard?

AIG Travel Guard is a highly-rated established travel insurance company. It is rated A by the prominent insurance financial rating company A.M. Best and has been in business for over 25 years. It was also named the best travel insurance company of 2020 by Forbes.

What is the average commission for a travel agent?

A 7% – 8% commission level is somewhat standard with host agencies working with self sufficient agencies. Independent travel agents earning 90% – 100% of the commission are usually high volume seasoned agents that require little to no support from the host agency.

Do travel agents charge a fee?

Not at all! The cost of using a travel agent is generally marginal, and oftentimes they won’t charge you at all. Much of their money comes from the hotels and wholesalers they do business with. Before you consult an agent, be sure you first inquire about fees.

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How do I start selling travel insurance?

7 Important Tips for Successfully Selling Travel Insurance

  1. Always offer travel insurance to every client for every trip.
  2. Explain that U.S. health plans probably won’t cover them overseas.
  3. Don’t base your recommendations just on cost.
  4. Offer an annual travel insurance plan when appropriate.

What are benefits of travel insurance?

It gives you affordable protection for a full year of travel, including benefits for trip cancellation and interruption; emergency medical care; lost/stolen or delayed baggage; and the Rental Car Damage Protector (available to residents of most states).

Is AIG the same as Travel Guard?

AIG Travel, a member of American International Group, Inc., provides travel insurance and global assistance through innovative product offerings. Travel Guard® is the marketing name for its portfolio of travel insurance and travel-related services.

When did AIG Buy Travel Guard?

In May 2006, New York based American International Companies, Inc. (AIG) acquired Travel Guard.

What insurance company does Expedia use?

2, 2018 – American International Group, Inc. (NYSE: AIG) announced today that it has been selected as Brand Expedia Group’s global provider of travel insurance and assistance products.

Does Travelguard cover Covid?

Am I covered? Trip cancellation that is due solely to concern or fear of travel related to an epidemic or pandemic, including COVID-19, is not covered.

What is international travel insurance?

These plans cover misplaced luggage, the loss of your passports, medical emergencies while traveling, and numerous other mishaps. Thus, with an international travel insurance policy by your side, you can travel the world without the extra baggage of worries & stress!

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How do I cancel my Travel Guard policy?

State that you would like to cancel your policy and that you are requesting a full refund. Include your policy number, name and contact information. Email your request to [email protected] or fax it to 715-345-2915. You may also mail it to Travel Guard, 3300 Business Park Drive, Stevens Point, WI, 54482.

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