ST. PETERSBURG, FL January 10, 2012 – As the most popular time of year for booking a cruise vacation has begun, travelers should take note of these important tips when buying a travel insurance policy. According to Squaremouth.com, a site for comparing and purchasing travel insurance, understanding the basics of travel insurance will help travelers save money and get the best coverage. Follow these tips to successfully choose the right travel insurance policy for an upcoming cruise.
Don’t Buy From the Cruise Line
Buying travel insurance from your airline, cruise line or tour company could result in purchasing a travel insurance policy for a higher premium with lower benefits. This is a common mistake many travelers make and can be the result of the lack of travel insurance options provided by the travel supplier. Squaremouth recommends searching for travel insurance on a comparison engine. This will provide more options with better travel insurance policies for less money.
Don’t Over Spend On Excessive Coverage
Each traveler’s requirements will vary depending on their destination, age or health. If a person is young, healthy and traveling to the Caribbean, the medical requirements will be low. The opposite will apply if a traveler is older or traveling to far away countries.
“Some travel insurance policies offer several million dollars of evacuation coverage, however, it is rare for an evacuation to cost more than $100,000,” advises Chris Harvey, CEO of Squaremouth. “Don’t spend more for a travel insurance policy thinking multi-million dollar coverage is necessary.”
Squaremouth recommends choosing the amount of medical evacuation insurance based on the destination. For example, $100,000 in evacuation coverage should be enough protection for visiting Europe, however, travelers visiting Asia or Africa may want to consider a travel insurance policy with at least $250,000 in evacuation coverage.
Don’t Be Thrown Off By a Less Expensive Price
“While comparing travel insurance on Squaremouth.com, don’t be concerned that a policy is inferior because of its low price,” says Harvey. “It simply means the traveler has hit the ‘Sweet Spot,’ and qualified for the best rate.”
Many people mistakenly believe paying more for a product ensures a better policy or faster claim payment. The reality is that each product is aimed at a different demographic. This explains why some policies are inexpensive but offer better benefits. Squaremouth maintains a zero complaint policy, therefore all companies on the site adhere to very strict standards for Squaremouth’s clients. As a result, they can expect to receive only quality products and service from every travel insurance provider on Squaremouth.
Choosing the Right Cancellation Coverage
Having the option to cancel in case of an illness or death of a relative is typically the main reason for purchasing travel insurance. When deciding how much cancellation coverage is needed, it’s wise for travelers to think of the potential reasons their trip could be cancelled, and then check that the policy provides coverage for those circumstances. If those concerns are not listed under the standard Trip Cancellation benefit, consider purchasing a policy with the benefit Cancel for Any Reason.
“Cancel for Any Reason was created to offer additional cancellation coverage for the unexpected situations that are not covered in a travel insurance policy, such as fear of bad weather” explains Byrne. “It also gives someone the option to decide whether they want to take their trip without providing an explanation.”
Although this benefit may be appealing to some, it will be an additional cost that may not be necessary for most travelers. “In most cases, Trip Cancellation will provide the right amount of cancellation coverage needed by travelers,” says Byrne.
Don’t Worry If You Buy the Wrong Policy
Although there are many choices and options when it comes to buying travel insurance, travelers shouldn’t be concerned if they end up buying the wrong policy. Most policies offer a money back guarantee that will allow travelers to cancel their policy and receive a refund. “If travelers are not happy with their policy, they are not required to keep it,” says Byrne. Depending on the provider, the guarantee can last for up to 15 days after the purchase date. Most companies will refund the full amount minus an admin fee of around $6 to $8 per policy.
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. Petersburg, FL., with offices in Fort Wayne, IN. Visit Squaremouth.com or Squaremouth.co.uk.
About our Zero Complaint Guarantee
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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