In a New World of Travel Refunds, Why Buy Travel Insurance?

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Apr 02, 2020, 12:35 ET

ST. PETERSBURG, Fla., April 2, 2020 /PRNewswire/ -- In the era of the coronavirus pandemic, airlines, hotels and cruise lines are offering an unprecedented amount of refunds to travelers unable to travel as planned.

With travelers questioning if they really need to insure future trips, travel insurance comparison site, Squaremouth.com, explains how travelers who don't need coverage to cancel can choose to save up to 80% by purchasing a policy without cancellation coverage.

Majority of the Benefits at a Fraction of the Cost

While many travelers purchase travel insurance specifically for cancellation coverage, it is only one of many benefits available. Travelers whose trip costs can be refunded by their supplier can opt out of trip cancellation coverage, and still be covered by the majority of benefits, including emergency medical, medical evacuation, travel delay and baggage delay.

Travel insurance policies are sold as a comprehensive package of benefits and travelers typically do not have the option to remove benefits in order to pay a lower price. The one exception to this is trip cancellation coverage. Travelers can choose to decline that benefit and save money, as the average cancellation style policy costs 4 times more than a policy that does not include coverage to cancel a trip.

Travelers can search for inexpensive policies without trip cancellation coverage on squaremouth.com here.

To keep travelers informed about their insurance options amidst the coronavirus pandemic, Squaremouth.com created The Traveler's Guide to Travel Insurance for the Coronavirus Pandemic. This resource is updated daily as events unfold.

ABOUT SQUAREMOUTH

SQUAREMOUTH compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth's comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com.

Available Topic Expert:
Kasara Barto
[email protected]

SOURCE Squaremouth