How Can I Find The Right Travel Insurance Plan?
Last updated on 03/28/2023
We’ve said it before and we’ll say it again – not every trip will need travel insurance. But most will. Finding the right travel insurance plan for you and that specific trip can sometimes be tricky. InsureMyTrip prides itself on finding the right plan for every traveler without any bias or hidden agenda. We know travel insurance and how to choose it, so let’s start at the beginning.
What Type of Trip are You Taking?
If you are going up the road to visit Grandma this holiday season, you are most likely not going to need a travel insurance plan. However, if you are flying at any point during this trip to see Grandma, say across the country or to a neighboring region, you should strongly consider insurance. Trips that involve flights increase the risk of travel mishaps, such as delays and lost baggage, which can end up costing you money. Comprehensive plans offer benefits to help reimburse costs associated with covered travel and baggage delays as well as lost or damaged baggage.
If you are going on a weekend road trip with the kids and staying in a refundable hotel room, you are not really looking at any trip costs that would need to be insured. But if your weekend trip with the kids involves a quick flight to the city where you are you are staying two nights and going to see an expensive show, you may want to consider insuring your investment.
Regardless of the trip, you can insure any trip you are taking more than 100 miles away from home which includes pre-paid expenses that are subject to cancellation penalties. If you are worried about the possibility of losing money due to unexpected changes or travel mishaps, insure the trip!
How Much of Your Trip is Pre-paid and Non-refundable?
Travel insurance is only going to cover trip costs that are paid prior to your departure which is subject to cancellation penalties. Any pre-paid expense that would not be fully refundable in the event you have to cancel or interrupt your trip needs to be insured, or it may invalidate some coverages on the plans. Before you purchase a travel insurance plan, consider your trip costs. Add up all the costs that are non-refundable to determine the insurable amount.
Typically, travelers will insure flights, hotel stays, all-inclusive vacation packages, tour packages and even event tickets at their destination. While some of these things can sometimes be refundable, many times they aren’t. The key is to know that travel insurance will only cover anything pre-paid and non-refundable. You’ll only be reimbursed for the money that you lose.
Have You Fully Compared Plans Before Purchasing?
We don’t recommend just picking the first travel insurance plan listed in your quote results – first, figure out what your main concerns are, what your budget will allow and select the plans that fit those criteria. Our site is built to allow travelers to pick several plans to compare all at once. Take advantage of that! You can filter and compare based on the benefits that mean the most to you.
Most comprehensive travel insurance plans will be similar – offering coverage for trip cancellation up to 100% and trip interruption up to 100-150% of your pre-paid non-refundable trip cost. But when you start looking at travel delay benefits, baggage protection limits and emergency medical coverage, you will see that there is a wide range of benefit limits.
By using the comparing engine with InsureMyTrip, you can truly find the right travel insurance plan for you and your traveling companions.
Is This Price Right for What I’m Purchasing?
Every plan, whether comprehensive, travel medical or something else, comes with their own unique coverage that affects the premium. Also, it’s important to recognize that not only the cost of your trip but the age of the travelers, the destination and the length of the trip often affects the premium as well. A lot goes into the price of the travel insurance plan you chose.
Truth is, InsureMyTrip guarantees that the plans on our site are the best price available for that plan. You will not find a better price for the plan you choose, anywhere. So you can rest easy when you purchase a plan from InsureMyTrip. You can insure your trip so you’re comfortable without worrying about saving money elsewhere.
Disclaimer: The information contained in this article serves as a general overview of benefits and should only be used for informational purposes. Refer to your individual certificate of insurance for specific coverages, exclusions and benefits. When in doubt, please contact one of our licensed agents for additional assistance.