Buying Travel Insurance
Travel insurance protects against financial losses caused by travel emergencies. It can pay for problems caused by interruptions and health emergencies. Coverage can reimburse travelers for non-refundable trips, pay hotel expenses caused by flight interruptions, and help with increased transportation costs caused by airline bankruptcy. Below are tips for purchasing travel insurance and resources
with more information.
Tips
Alternatives – contact your credit card issuer to determine coverage for lost luggage and canceled trips.
Bankruptcy – request a credit card refund within 60 days of purchase of airfare and tours.
Cancellation – most policies limit coverage to unforeseen events and exclude “cancel for any reason.”
Claims – determine requirements and timing for filing claims, appeal denials with insurer and regulators.
Limitations – check policy for dollar limitations, excluded items, and persons covered.
Providers – check the insurer’s list of covered providers before buying.
Renewal – frequent travelers can save by purchasing an annual policy instead of individual trip policies.
Scope – confirm that your insurance covers cancelled tours, lost luggage, medical bills, etc.
Health – travel insurance can help with medical evacuation and expenses not covered by health insurers.
Shop – comparison shop and check for discounts with AAA and AARP.
Source – purchase from top insurers (e.g. Allianz, CSA, and Travel Guard) instead of tour operators.
Timing – purchase when booking to cover pre-existing conditions like poor health or pending storms.
Apps
Rome2Rio (Route Planning)
Smart Traveler (Travel Warnings)
Wanderlog (Travel Planning)
Articles
Do I need Travel Insurance
Money-Saving Strategies for Buying Travel Insurance
Travel Insurance Claims Can Hinge on the Tiniest Details
Books
How to Win at Travel
Websites
InsureMyTrip (Purchase)
SquareMouth (Purchase)
US News & World Reports (Compare)
Alternatives – contact your credit card issuer to determine coverage for lost luggage and canceled trips.
Bankruptcy – request a credit card refund within 60 days of purchase of airfare and tours.
Cancellation – most policies limit coverage to unforeseen events and exclude “cancel for any reason.”
Claims – determine requirements and timing for filing claims, appeal denials with insurer and regulators.
Limitations – check policy for dollar limitations, excluded items, and persons covered.
Providers – check the insurer’s list of covered providers before buying.
Renewal – frequent travelers can save by purchasing an annual policy instead of individual trip policies.
Scope – confirm that your insurance covers cancelled tours, lost luggage, medical bills, etc.
Health – travel insurance can help with medical evacuation and expenses not covered by health insurers.
Shop – comparison shop and check for discounts with AAA and AARP.
Source – purchase from top insurers (e.g. Allianz, CSA, and Travel Guard) instead of tour operators.
Timing – purchase when booking to cover pre-existing conditions like poor health or pending storms.
Rome2Rio (Route Planning)
Smart Traveler (Travel Warnings)
Wanderlog (Travel Planning)
Articles
Do I need Travel Insurance
Money-Saving Strategies for Buying Travel Insurance
Travel Insurance Claims Can Hinge on the Tiniest Details
Books
How to Win at Travel
Websites
InsureMyTrip (Purchase)
SquareMouth (Purchase)
US News & World Reports (Compare)
Comments
Post a Comment