Travel insurance comparison site Squaremouth has shared four tips on how consumers can avoid overspending when they next buy a travel insurance policy.
Their first tip is not to insure more than necessary, advising that consumers only ensure pre-paid and non-refundable expenses. “If you can cancel all your hotels for just a small penalty, insure the cost of the penalty rather than the full amount of the hotels,” said Squaremouth product manager Adam Rusin. “A lower trip cost generally means a lower premium, and you’re still covered for the amount you would lose if you cancelled.”
Read the full International Travel Insurance Journal article online here: https://www.itij.com/story/12886