The Miami Herald, April 20th 2013 – Is travel insurance a good deal?

Published by April 30, 2013

Where are the best deals?

Do some comparison shopping. Try Squaremouth.com or QuoteWright.com. After asking a few questions (such as age and trip details), each displays a variety of policies and lets you compare them by price and benefits. Expect to pay about 5 percent of your trip cost and as high as 9 percent if you are 70 or older.

But before you snap up the lowest offer, read the policy carefully. Coverage on a $5,000 trip to Peru for a 60-year-old ranged from $250 to $1,030. Every policy included $5,000 in cancellation coverage, but medical evacuation ranged from $250,000 to a whopping $1 million. The average emergency medical evacuation costs less than $40,000. Don’t waste money on a $1 million policy.

See the full article from The Miami Herald at: http://www.miamiherald.com/living/travel/article1967223.html