7 steps to finding the best travel insurance for your
- Sit down (with your travel companion if applicable) and write out all of
your concerns regarding the trip. These might include cancellation due to illness, being called in to
work, losing your bags, missing a flight, crashing your rental car, getting sick and needing medical care,
having an accident and needing a medical evacuation, etc.
- Rate them in order of what is most important. If your father has
been ill recently, you might place “trip cancellation due to the illness of a parent” at the top of the list.
If you have a trip with a hectic schedule and several flights, you might place “missed connection” at the top
of the list.
- Assign a dollar value to your trip. This is easy with trip
cancellation coverage; you simply look at the amount of pre-paid, non-refundable trip payments. This is the
amount of money at risk if you need to cancel your trip. Furthermore, you should consider the expenses of any
emergency medical treatment or evacuation. This cost can be very high.
- Use a comparison site to find the best travel insurance. There are
several, the easiest of which is Squaremouth.com. Enter your trip information, and their
comparison engine will give you instant quotes from all major travel insurance companies.
- Compare coverage based on what is important to you. As you look over
policies from the different companies, compare the coverage they provide for the risks that concern you most.
Every company has varying amounts of coverage, which is helpful when picking a policy. It lets you choose one
that is right for your trip.
- Read the small print. There are two sections to pay attention to.
Benefits & Exclusions. The Benefits section will clearly describe the coverage you will receive. Do not
make any assumptions here. Read it through. The Exclusions section will tell you clearly when the Benefits will
NOT apply. Again, read this carefully.
- When you find the right policy, use Squaremouth.com to purchase the
policy. When you find the right plan, you can click “buy” right on the Squaremouth website. This is the best price available, and
Squaremouth has a “zero-complaint” policy regarding their carriers. If any company receives a complaint that
cannot be resolved to their satisfaction, that company cannot sell their products through Squaremouth.
“Having a good travel insurance policy can make the difference between weeks of worry and peace of mind
about a refund” Christopher Elliott, CNN.com
“the right kind of travel insurance has become an essential item to pack for smart travelers.”
Peter Greenberg, MSNBC.com