ST. PETE BEACH, FL Dec 6th 2010 – There are as many options for travel insurance as there are scenarios — from life-threatening, to simply annoying — that can arise unexpectedly during a trip. So how can a traveler be sure they have found the right policy? Now the holiday travel season is in full swing, Squaremouth, America’s fastest growing travel insurance comparison web site, today announces a comprehensive set of answers to customers’ most pressing questions.
Squaremouth displays policies in a format that allows for side-by-side comparison. Visitors can sort policies by price, benefit or carrier, and instantly buy their choice of coverage. Our team of licensed insurance experts is also available to answer any question by phone or email.
Squaremouth customers’ top Q&As:
What are the main kinds of travel insurance? Medical policies cover illness, accidents and emergency evacuation. They may be sold separately, or wrapped into package policies. At a minimum, package policies consist of Trip Cancellation, Trip Interruption and Travel Delay protection for circumstances ranging from poor weather or airport delays, to mechanical problems and vacations cut short because of a family emergency.
Can non-related travelers share a policy?
Most companies do allow travelers who aren’t members of the same family to be on the same travel insurance policy. Virtually all policies are priced per traveler, so there is a minimal cost increase when splitting travelers across multiple policies. Specialized medical evacuation and international medical products almost always require insureds to be related.
Should a traveler buy an annual plan instead of insurance for each individual trip?
If trip cancellation coverage is not required and the traveler intends to make many small trips, an annual plan may be a good choice. Annual plans can be good value, however, they mainly provide medical and medical evacuation cover with very few other benefits. Standard single trip travel insurance offers trip cancellation and interruption benefits, as well as many other benefits.
Is buying a medical evacuation plan in addition to standard travel insurance a good idea?
A medical evacuation plan is designed to return the traveler home quickly if they find themselves hospitalized in a foreign country. This insurance typically doesn’t cover medical treatment that may be needed before the evacuation. Most standard travel insurance policies cover evacuations as well, but the insurance company and local physician are the ones deciding whether to transport home or treat locally. Medical evacuation plans, in contrast, allow the traveler more control over that decision. Squaremouth considers standard plans’ evacuation coverage to be excellent, so unless a traveler wants more control over the decision to evacuate there’s no need to buy additional medical evacuation cover.
Can travel insurance be purchased without trip cancellation cover?
Yes, travelers can choose a plan that excludes cancellation coverage but still offers a full range of benefits, including coverage for travel delay, a medical emergency, medical evacuation, lost or delayed baggage, etc. Some plans allow a $0 trip cost to be entered, which will provide all the benefits of a comprehensive plan but exclude trip cancellation and trip interruption.
Is there a money back guarantee?
Yes, money back guarantees allow the traveler to decide if the travel insurance policy they purchased is right for them. The guarantee, called a “free look period,” in industry lingo, can last for up to 15 days depending on the insurance company, although it may expire sooner if you make a claim or reach your departure date before the period has ended. Most companies will refund the full amount minus an admin fee of around $6 to $8 per policy.
When’s the best time to buy?
The best time to buy travel insurance is usually within 14 to 21 days of putting down the initial deposit on a trip. This will typically qualify for coverage of any pre-existing medical conditions – though a few carriers provide such coverage up to the day before your last payment. The cancel for any reason benefit, has to be purchased within 14 days of the deposit. But if a traveler does not need either of these types of benefit, or buying medical coverage only, there’s no deadline to meet: insurance can be purchased up until the day of departure.
Can insurance be purchased to cover less than the cost of the trip?
Some plans require the full pre-paid, non-refundable cost of a trip to be insured in order to be eligible for certain benefits, such as for pre-existing conditions. Others allow a traveler to insure an amount less than their trip cost.
Is insurance available on trips paid for using frequent flier miles?
Frequent flier miles aren’t covered by travel insurance. If a trip is cancelled, the traveler will only be reimbursed the money they actually lost. However, if the trip was cancelled by a travel supplier, some policies will reimburse the cost of a reissue fee plus fees to re-bank frequent flier miles.
Is cancel for any reason insurance available?
Cancel for any reason coverage can be added to many policies to help refund much of the cost of a trip. The policy must purchased within 14 days of putting down the initial deposit on the trip, and the trip’s full value has to be insured. To be able to make a claim, the trip must be cancelled at least two days prior to departure.
In our Help and Advice section, we answer more top queries and give our inside scoop on the industry. Please visit http://www.squaremouth.com/travel-advice/help
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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The cornerstone of our commitment to customers is Squaremouth’s guarantee to remove any company from our website if there is a customer complaint that cannot be resolved to our satisfaction. Squaremouth offers the broadest selection of insurance with an emphasis on quality and follow-up care in companies featured. We also factor in independent evaluation from the insurance industry watchdog AM Best.
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