There are many travel insurance misconceptions that leave travelers thinking they are covered for something when they actually aren’t. Squaremouth’s interactive Travel Insurance Quiz will test your knowledge of how travel insurance works, helping you decide if and when you should buy it for your next trip.
Squaremouth helps travelers compare travel insurance from every major provider in the United States. Using Squaremouth’s online comparison engine and customer reviews, travelers can search, compare, and purchase travel insurance policies online.
Travel insurance is designed to provide financial protection for unexpected events that impact a traveler’s trip. Most travelers are concerned about having to cancel their trip, or about a medical emergency occurring during their trip.
These travelers should consider a single trip policy with Trip Cancellation coverage. This benefit reimburses trip expenses if a traveler is unable to take their trip for one of the policy’s specific reasons. Travelers must insure all or some of their trip cost to have this coverage.
Most cancellation-style policies are comprehensive, covering travelers for their trip payments, medical emergencies, travel delays, and luggage. This type of policy typically costs between 6% and 10% of a traveler’s trip cost, depending on their age, the length of their trip, and their total trip cost.
Travelers who are not concerned about cancelling do not need to insure a trip cost, and can buy a non-cancellation style policy to cover medical emergencies, travel delays, and luggage. Because there is no insured trip cost, these policies are typically less expensive, but will still have comprehensive coverage.