Getting the Most Out of Travel Insurance - Travel News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Travel » Getting the Most Out of Travel Insurance

Getting the Most Out of Travel Insurance

Getting the Most Out of Travel Insurance
The content is accurate at the time of publication and is subject to change.

It can be tempting to go for the most expensive policy when shopping for travel insurance, whether you’re heading out for a vacation or a business trip, but it might not be your best bet, according to Squaremouth, a travel insurance comparison site. In fact, using the travel insurance that comes along with your credit card might be a more cost effective option.
But what if it doesn’t cover everything? In that case, you can subsidize it with a smaller policy to cover the portion that it doesn’t cover, effectively saving you money. For instance, if your credit card offers $10,000 in coverage, and your trip costs $12,000, you can save money by buying just $2,000 worth of insurance, instead of $10,000, thereby cutting your costs.
That said it’s important to note that some carriers only sell policies that cover 100% of the trip, and they might not cover emergencies, so it’s important to check the fine print.

Traveling smart

The actual cost of your trip is a big factor in calculating how much insurance you need, but there are other things to keep in mind too.
According to Squaremouth, making sure that you are covered for just the amount you lose if you have to cancel your trip can help you get the most out of your policy and save money. For example, if the penalty for canceling a hotel stay is 50% then insure that amount rather than 100% of the cost of the room, this lets you get a cheaper policy.
More expensive does not always translate into getting a better policy, according to the comparison site, because providers typically tailor their offerings for a certain demographic. This means that you might find a variety of policies with the same coverage at different price breaks, due to demographics rather than actual coverage.
In the end going with the cheaper policy, offering the coverage you need for your trip can save you money.
Squaremouth is a site that compares travel insurance policies from a wide range of providers located in the U.S.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Air Canada and American Express Partner is Still a Go
Air Canada and American Express Partner is Still a Go

Posted: March 06, 2019

Air Canada and American Express have inked a deal renewing their partnership. But that is not all it also paves the way for the launch of new co-branded credit cards and for American Express to partner with them on the Air Canada’s new… Continue reading

Chase and Visa Making It Easier for Cardholders to Commute in NYC
Chase and Visa Making It Easier for Cardholders to Commute in NYC

Posted: June 06, 2019

Chase cardholders will soon be able to get around NYC easier because the City and Chase have partnered up so that cardholders will be able to get into the subway or on the bus with just a tap using their Visa contactless card. With this… Continue reading

The New HSBC Premier World Elite MasterCard
The New HSBC Premier World Elite MasterCard

Posted: November 06, 2017

HSBC has rolled out the new Premier World Elite MasterCard, offering triple points on travel whether domestic or international and includes earning points on airfare, hotels and train rides, along with being able to earn points when using… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening*
For Excellent/Good Credit
Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening
For Excellent Credit
Earn unlimited 1.5% cash rewards on all purchases.
For Good, Excellent Credit
See Rates & Fees
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!