ST. PETERSBURG FL June 22, 2017 — Each summer, roughly 1-in-5 flights are either delayed or canceled. As summer travel season begins, leading travel insurance comparison site, Squaremouth, answers three questions with tips to help travelers save money on travel insurance without sacrificing any coverage.
Are you traveling internationally?
This summer, more than 80% of U.S. travelers will be leaving the country, according to sales data from squaremouth.com.
Most travelers expect to be covered by their medical insurance, but many health insurance policies don’t extend coverage overseas. Travel insurance provides coverage throughout multiple international countries.
Money-Saving Tip: Squaremouth recommends at least $50,000 in Emergency Medical coverage for international trips. International travelers can save money by opting for a “Secondary” medical policy. This adds an extra step to the claims process, but is often less expensive than a “Primary” policy, with the same or more coverage.
Are you insuring an expensive trip?
In the middle of hurricane season, and at a time when concern over terrorism is at an all-time high, more travelers want the ability to cancel and get their money back if something unexpected goes wrong.
Money-Saving Tip: Only insure the money you will lose if you cancel your trip. If you only pay a penalty to cancel a hotel reservation, insure that amount rather than the full cost. A lower trip cost typically results in a less expensive policy.
Are you driving to your destination?
Driving is a popular means of travel for summer vacationers. However, travelers who drive typically have less coverage than those who fly.
Travel insurance for road trips mainly covers medical emergencies, with limited cancellation coverage. Although travelers may have health insurance coverage during a domestic road trip, purchasing a “Primary” travel insurance policy may be cheaper than claiming through their own health insurance.
Money-Saving Tip: For domestic road trips, search for a “Primary” travel insurance policy if your health insurance has a high deductible. “Primary” policies allow you to bypass your health insurance and claim directly through your travel insurance policy. The least expensive “Primary” policy on squaremouth.com for two 50-year-olds taking a 10-day domestic road trip is $42.