ST PETE BEACH, FL March 27, 2011 – Before planning a family vacation, it is important to know what is not covered by travel insurance. Since travel insurance only lets travelers recoup nonrefundable cash losses, travelers should not include intangibles like air miles or the value of timeshares.“Adding those values to an insurance policy will increase the cost of your premium without adding additional coverage, “ warns Sarah Byrne, Marketing Manager at Squaremouth.com, a website for comparing and purchasing travel insurance.
“Air Miles cannot be insured because there is no dollar value,” says Suzanne Munson, Director of Marketing at Seven Corners, an insurance provider. If a trip is cancelled, the traveler will only be reimbursed the money they actually lost, such as fees for using the air miles.
Timeshares are also not insured by travel insurance policies due to the similar concept of air miles. CSA Travel Protection, however, offers a policy that provides coverage for the cost of annual maintenance fees and exchange fees.
Squaremouth is America’s fastest growing travel insurance comparison site, helping customers instantly quote, compare and buy policies from every major carrier. Squaremouth has web sites in the US and UK, and an extensive network of partner sites worldwide. The company is headquartered in St Pete Beach, FL., with offices in Fort Wayne, IN. Visit Squaremouth.com or Squaremouth.co.uk.
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