How much does travel insurance cost?
A travel insurance policy usually costs about 5% to 7% of the cost of the trip, Mueller says.
Price is determined by the cost of the trip, the length of the trip and the traveler’s age, says Steven Benna, spokesman for the travel insurance site Squaremouth.com.
If your trip costs $12,000 and your credit card provides $10,000 in trip interruption and trip cancellation insurance, you can save money by buying just $2,000 more in coverage from a travel insurer, Benna says.
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