ST. PETERSBURG, Fla., March 26, 2020 / PRNewswire / – With travel prices at an all-time high, travelers taking advantage of these offers can also save on travel insurance.
The travel insurance comparison site, Squaremouth.com, explains two ways that travelers can capitalize on affordable travel and buy an inexpensive policy that provides the coverage they need.
Expensive cancellation insurance may be unnecessary
Although travel insurance cannot be reduced due to strict regulations, Squaremouth.com recommends that travelers looking to save money only insure the cost they would lose if they canceled their trip. Travel insurance usually costs around 10% of a traveler’s cost of travel, but without an insured travel cost, this premium becomes much lower.
Today, many travel providers offer refunds for canceled trips, which means that travelers have little to no travel expenses to insure a policy. By choosing not to insure the cost of their trip, travelers can save money on comprehensive travel insurance policies which always include other important benefits. A search on squaremouth.com for two 50-year-olds planning a costly two-week trip $ 5,000 shows they can save more $ 100 by choosing a full insurance policy that does not include cancellation cover.
Extensive medical coverage can be surprisingly affordable
For travelers looking to save money, Squaremouth.com recommends that they consider purchasing a travel medical policy instead of foregoing travel insurance all together. Not having medical coverage while traveling could turn a medical emergency into a major financial loss, far greater than the cost of a policy.
Many travelers may not realize that Medicare and most health insurance providers in the United States do not cover international travel, but comprehensive travel insurance policies may include medical and emergency benefits. medical evacuation.
Even though emergency medical coverage can provide thousands of dollars in coverage, it can be surprisingly affordable with a standard travel insurance policy. Research of two 50-year-olds on a two-week trip shows that policies, including the amounts of medical benefits above, are only starting $ 40.
Travelers can look for inexpensive policies that include significant medical benefits and do not include cancellation coverage on squaremouth.com here.
To keep travelers informed of their insurance options in the midst of the coronavirus pandemic, Squaremouth.com has created A traveler’s guide to travel insurance for the coronavirus pandemic. This resource is updated daily as events unfold.
SQUAREMOUTH compare travel insurance policies of all major travel insurance providers United States. Using Squaremouth’s comparison engine and reviews from third-party customers, travelers can search and compare travel insurance policies side by side. More information can be found on www.squaremouth.com.
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