Most travel insurance policies are comprehensive, with coverage for trip expenses, medical emergencies, travel delays, and luggage. However, picking the best travel insurance policy for a trip depends on the specific benefits and coverage amounts each traveler needs.
The Best Travel Insurance for Travelers Wanting to Protect Their Trip Payments
For travelers who primarily want to protect their trip investment, Squaremouth recommends insuring some or all of their prepaid and non-refundable trip costs. The Trip Cancellation and Trip Interruption benefits can refund travelers for these expenses if they need to cancel or return home early for one of their policy’s covered reasons.
Policies with cancellation and interruption coverage typically cost between 4% and 10% of the traveler’s total trip cost.
The Best Travel Insurance for Travelers Needing Medical Coverage
The best travel medical insurance will cover medical emergencies and evacuations. Emergency Medical reimburses costs associated with a medical emergency during a trip. Medical Evacuation arranges transportation to the nearest adequate medical facility in the event of a medical emergency.
According to Squaremouth, the best travel insurance for those looking for medical coverage will have at least $50,000 in Emergency Medical coverage and at least $100,000 in Medical Evacuation coverage for international travel. Those recommendations increase to $100,000 and $250,000 for cruises or travel to remote locations.
If medical coverage is the only reason a traveler wants travel insurance, they can choose not to insure a trip cost to keep their premium lower.
The Best Travel Insurance for Travelers Wanting Comprehensive Coverage
For travelers who want a comprehensive policy for their trip, Squaremouth recommends insuring their trip cost, and choosing a policy that meets the suggested amounts of medical coverage.
In addition to cancellation and medical coverage, most travel insurance policies will have coverage for travel delays and luggage built in for no extra cost. These benefits are automatically included as part of certain policies, so they cannot be added or removed.
How Does Squaremouth Help Travelers Find the Best Travel Insurance?
Squaremouth compares travel insurance policies from every major provider in the United States. Using this comparison engine and customer reviews, travelers can search, compare, and buy travel insurance. Squaremouth has more than 100 policies for comparison at any one time, and a multi-award-winning customer service team available daily to help every traveler find the best coverage for their trip.