Most travel insurance policies are comprehensive, and are designed to cover travelers’ main concerns, including coverage for their 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 is looking for.
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. This is done by purchasing a cancellation-style policy.
The Trip Cancellation benefit can refund travelers for these expenses if they need to cancel their trip for one of their policy’s covered reasons. Policies with Trip Cancellation also include Trip Interruption coverage, which can reimburse travelers who need to return home early.
Cancellation-style policies typically cost between 4% and 10% of the traveler’s total trip cost, depending on their age, the length of their trip, and their total trip cost.
The Best Travel Insurance for Travelers Needing Medical Coverage
Travel medical insurance can cover medical emergencies and medical evacuations during a traveler’s trip. The Emergency Medical benefit reimburses costs associated with a medical emergency during a trip, such as ambulance fees or physician services. 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 primary reason a traveler wants to buy 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 also have coverage for travel delays and luggage built in – for no extra cost. These benefits are automatically included as part of most policies policies, meaning they cannot be added or removed.
How Does Squaremouth Help Travelers Find the Best Travel Insurance?
Squaremouth’s comparison engine helps travelers search, compare, and buy travel insurance online. Squaremouth has more than 100 policies available for comparison at any one time, and a multi-award-winning customer service team available daily to help every traveler find the right coverage for their trip.