Sometimes travel doesn’t go as planned. COVID-19 teaches us that all too well. People are taking steps to minimize the challenges of altered travel plans as the pandemic continues to disrupt and cancel vacations. Travel insurance sales rose as a result of the pandemic.
Travel insurance missteps are inevitable with so many novice purchases. Experts shared their advice for maximizing coverage and minimizing costs when buying travel insurance.
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Choosing The Wrong Policy
Travel insurance has become increasingly familiar to new consumers post-pandemic. There are different types of travel insurance. Squaremouth’s Megan Moncrief recommends that travelers buy travel insurance that addresses their concerns.
Research and reflection are required when purchasing travel insurance. Ensure you understand what you need and don’t need covering before paying premium prices.
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Glossing Over The Fine Print
People often overlook the fine print in travel insurance, said money and budgeting expert Andrea Woroch. As with other types of insurance, travel insurance does not cover everything. Do your homework and research details. Don’t assume you’re getting something you’re not.
According to Angela Borden, a product marketing strategist at Seven Corners, travel insurance plan documents should be read.
She said it would reduce the frustration associated with filing a claim and discovering that your situation is not covered. A certain period must be met for you to file a claim.