With the current global pandemic still looming over us, it’s important to understand just how travel insurance works given the world in which we currently live. The team at Consumers Advocate researched what policies have which sort of coverage and how they may affect your next trip.
The result of their research is a guide on the best travel insurance featuring a side by side comparison of 8 different US companies that were assessed on their coverage, benefits, financial strength, and price and reputation. If you are Canadian, view the government’s recommendations on travel insurance. Europeans can review this travel insurance comparison.
Understand the fine print
Whether you chose travel insurance for your international or domestic trip, make sure you understand exactly what’s covered. There are different categories for the basic coverage, as well as limitations for coverage such as alcohol use and extreme sports. One additional coverage that has been highlighted with the current global pandemic is the Cancel For Any Reason (CFAR) add-on; it’s considered the “Cadillac of cancellation coverage” and as the name suggests, acts as one of the few add on’s that will allow you to cancel for any reason. When selecting both your travel insurance and your potential add-on’s, it’s important to make sure you fully understand the fine print before booking your next trip. Deeply consider what additional options you may need, if any.
Are there alternatives?
Note that there are alternatives to travel insurance, but as always, it’s important to first fully understand the specific details and what those alternatives entail. Alternative options include: consulting your airline for any flight issues, checking in with your current health insurance to see what they cover, and even calling your credit card company with whom you’ve booked your travel with to see what sort of options they allow for your travel. Owner Direct offers rental insurance through their Protection+ package.
Nonetheless, when you’re planning your next big trip, don’t let the possibility of the unknown stress your travel plans. Deeply consider your travel insurance options so that you can travel stress-free.