Frequent Flier Miles Are Not Insurable Under Travel Insurance Warns Squaremouth

Published by June 19, 2008

ST. PETE BEACH, FL-June 20, 2008-With this month’s decision by major airlines, including Delta, United and American, to cut capacity by double digits, experts predict it’ll get even harder to cash in on frequent flier miles.

But for those who are lucky enough to fly free this summer, a further pitfall awaits: If your first class flight to Europe ‘worth’ thousands of miles gets canceled, you won’t be able claim for it on travel insurance.

This is because travel insurance only lets you recoup nonrefundable cash losses. So don’t include intangibles like frequent flier miles or the value of timeshare weeks paid for years ago when calculating how much insurance to buy, warns Chris Harvey, CEO of Squaremouth, America’s fastest growing comparison web site for travel insurance. “You’ll needlessly increase the cost of your premium.”

Depending on the policy, however, “you may be eligible to recoup the cost of an airline imposed change or reissue fee; plus a similar amount for re-banking frequent flier miles,” Harvey adds.

Squaremouth’s Help and Advice section offers insider advice to help you choose the right travel insurance. For more, visit Squaremouth.com.

About Squaremouth
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. 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 web site until a complaint is 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.

Squaremouth offers products from the following travel insurance carriers:
AIG Travel Guard, CSA, ElviaGlobal Alert Admin, Global Underwriters, HTH Worldwide, ITravelInsured, Medex, Medjet Assist, MH Ross, Multinational Underwriters (MNU), Seven Corners, Travel Insurance ServicesTravel Insured, Travelers Liberty, Travelex, TravelSafe and USA Assist.

This release is available at:
http://www.squaremouth.com/press-room/travel-insurance-companies-wont-let-you-claim-frequent-flier-miles-warns-squaremouth/

AVAILABLE TOPIC EXPERT:
Chris Harvey
charvey@squaremouth.com
Direct (727) 490-5802
Toll free (800) 240-0369
U.S. travel insurance – http://www.squaremouth.com
U.K. travel insurance – http://www.squaremouth.co.uk
International Medical Insurance – http://www.squaremouth.com/international-medical-insurance