Yes, the Allianz Global Assistance travel protection class action lawsuit settlement is real (2024)

FAQs

Do you actually get money from class action settlements? ›

If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

For a full refund of your premium, you must cancel within 15 days of your plan purchase (depending on your state of residence) and must not have filed a claim or departed on your trip. Premiums are non-refundable after this period.

Upon receipt of the required documents, we will process your claim within 10 business days or within the applicable state requirements.

It's easy to check your claim status anytime online. You can also call us at 1-888-497-6992. Having your claim number will make it faster to find your status. Keep in mind that filing a claim isn't a guarantee of payment.

The “A+” rating assures prospective customers that Allianz is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier. Established in 1899, AM Best is one of the oldest rating companies in the world.

Considering joining a class action lawsuit? While it can empower you in seeking justice, be aware of potential drawbacks like legal uncertainties, loss of personal control, lower individual compensation, and the often lengthy legal proceedings.

And since class action cases may take years, even to obtain a court-approved settlement, “sometimes it's easier to settle an individual case than the entire case,” Feldman says. However, if an eligible member does not plan on filing an independent lawsuit, there's no obvious downside to being a member, he says.

Allianz is the world's largest insurance company and the largest financial services company in Europe. In 2023, the company was ranked 37th in the Forbes Global 2000. Also it is a component of the Euro Stoxx 50 stock market index.

Is Allianz easy to claim? ›

Claims made easy

At Allianz, we are committed in ensuring that your insurance claims is made easy every step of the way so you can continue focusing on what's truly important in your life.

Taxpayers receive a refund when their total tax payments are greater than the total tax. Refunds are received from the government. Taxpayers receive refunds from the government as checks or as direct deposits to the taxpayers' bank accounts.

Requests for a withdrawal from a fixed annuity can be made online. Log in and go to “Personal Accounts.” Download the form below associated with your contract or policy and log in to upload the completed form. Alternatively, you can submit the form via email, mail, or fax.

As a principal provider of travel insurance, corporate assistance, and concierge services, we can help our customers find solutions to any travel-related problem.

Our Comprehensive Car Insurance customers rated their claim experience 4.3 out of 5 over the last year. See more about what our customers had to say.

If you're not completely satisfied with your travel insurance plan, you have up to 15 days (or longer, depending on your state of residence) to request a refund, as long as you haven't departed for your trip or filed a claim.

After your claim has settled you should receive your compensation between 14 – 21 days. This depends on if your claim was settled in or out of court.

Now, when you file a Allianz Global Insurance travel claim, you can select your preferred payment method: direct deposit, receiving a check by mail, or a debit-card deposit (available May 2017). When you choose direct deposit, you can get your payment in just 1-2 days following approval of your claim.

Allianz will likely reject your claim if you take too long to file. In most cases, you have only 90 days from the date of your loss to file a claim with the company.

What is not covered by Allianz travel insurance? ›

Claims due to known, foreseeable, or expected events, epidemics, government prohibitions, warnings, or travel advisories or fear of travel are generally not covered (coverage can vary by state.)

You'll need to gather all your required documents, which may include original receipts, proof of departure documents and medical reports, and submit them together with a claim form to Allianz Global Assistance. Be sure to keep a copy of everything you submit for your records.

Allianz Travel can be a solid choice if you're looking to purchase travel insurance. However, it's always a wise idea to compare multiple options to ensure you're getting a good deal. For instance, AXA Assistance USA travel insurance is also a good provider.

Lead plaintiffs sometimes receive a higher percentage of class settlements as part of their compensation package or as an 'incentive' award than other class members. This award structure compensates lead plaintiffs for their time and their effort.

Oftentimes, the nature of a class action suit determines if the lawsuit settlement can be taxable. Lawsuit settlement proceeds are taxable in situations where the lawsuit is not involved with physical harm, discrimination of any kind, loss of income, or devaluation of an investment.

People have mixed feelings about class-action suits, and whether you cash class-action refund checks is up to you. Generally, if you get one, you probably paid a lot more in wrongful fees than you're getting back in the settlement. If you don't cash the check, the money may go back to the company.

Sometimes, leftover money might be distributed among class members or donated as a cy-pres award. In simplest terms, the cy-pres doctrine means a court will order the funds to be redistributed to a charity or another organization that aligns with the issue at hand with the class action lawsuit.