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Want Travel Insurance in Case You are Laid Off? Why You Don’t Need to Buy the Extra Cover

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ST. PETE BEACH, FL Feb 20th 2009 – If you’re terminated or laid off, travel insurance lets you recover what you paid for a trip. Just don’t confuse layoff insurance with ‘cancel for work reasons’ coverage, a relatively recent optional extra on most policies. As illogical as it seems, the ‘cancel for work reasons’ benefit doesn’t apply if you lose your job, whereas standard trip cancellation language usually does, explains Chris Harvey, CEO of Squaremouth, America’s fastest growing comparison web site for travel insurance.

Cancel for work reasons insurance, usually only covers you if you’re called back to work suddenly, if the company merges, you have to relocate, or if work is affected by a fire, flood or other natural disaster, Harvey explains.

“If you didn’t know,” he warns, “you could end up paying extra for coverage that’s already included in the standard policy.”

Harvey also advises taking a good look at the fine print to make sure you’re covered: some policies require you to be on the job anywhere from one to five years to qualify for a refund under “layoff” provisions, while others restrict coverage to full-time employees. Squaremouth’s comparison tools allow you to highlight and compare the Employment Layoff benefit wording across all policies.

Amid a global recession, travel insurance might seem like an unnecessary luxury. But experts agree it’s never been a more important investment if you’re planning a vacation this year. A good travel insurance policy will protect you if your tour operator, airline or hotel goes bankrupt.

Layoff insurance, included in the trip cancellation portion of most standard policies, is one of the industry’s hottest new buzzwords. And it’s something that travelers navigating the worst economic downturn since the Great Depression are increasingly asking for.

Bottom line? In an uncertain economy, experts agree that trimming a vacation budget by scrimping on travel insurance could turn out to be an expensive mistake.

“It just makes sense to buy peace of mind for your vacation,” he says. “How else can you and your family truly relax?”

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., with offices in Fort Wayne, IN. Visit or

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.

Chris Harvey
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