What You Don’t Know About Travel Insurance! Squaremouth
Answers Some Nagging Questions
6 November 2007
ST. PETE BEACH, FL—November 06, 2007— Squaremouth,
a leading online travel insurance comparison site answers
some of the questions customers commonly ask about
travel insurance.
When should I buy insurance?
You can purchase insurance right up to the day before you
travel. Some insurers offer full cover for any pre-existing
medical condition yourself or a family member may have
if you buy your policy within 10 to 21 days from the
date you made the first payment towards your trip. Some
policies require purchase during this period for Financial
Default and Terorrism cover while others include these
benefits no matter when you buy.
Don’t worry if it’s already more than 21 days
since your deposit as medical cover is provided for any
new emergency that’s not connected to an existing
condition. Most insurers only look back 2-6 months to determine
pre-existing conditions.
How much should I pay?
Every identical policy is sold at the same price regardless
of who sells it! Look for added value and insist there
are no extra administration charges added by anyone other
than the insurance company.
Average family of four, expect to pay around 4 to 7% of
your total trip cost. A single traveler under 50 will expect
to pay around 5% of total trip cost. If you are over 60
but under 70, expect to pay 6 to 10% while the over 70’s
should expect insurance to cost up to 12% but may find
as low as 9% of your total trip cost.
We explain to our customers that they usually do not lose
benefits by buying a policy at the least expensive range
on squaremouth.com and in many cases get more cover than
a more expensive package on offer. One reason for this
is insurance companies aim their products at certain types
of travelers. Travelex and AIG Travel Guard are usually
very cost effective for families with kids under 16 while
Travel Insured International have one of the best price
to benefit ratios for travelers over 70. A good, easy to
use comparison site is a must have for this type of research.
Should I buy travel insurance if my trip is within the
USA?
If you do not need cancellation cover or if you are not
flying, travel
insurance is generally not needed. For travelers
requiring cancellation benefits for a costly trip or those
looking for peace of mind, travel insurance is worthwhile.
I have Medicare, do I need to buy medical cover for foreign
trips?
Medicare does not provide cover while you are outside of
the United States. In addition, Medicare Supplements may
provide limited or no foreign medical cover. Travelers
who have only Medicare Supplement A or B, and those with
no supplement at all, should always make sure they have
travel medical insurance before they leave the USA.
How does travel insurance handle pregnancy?
Most travel insurance policies only cover complications
of pregnancy. This typically means a condition whose
diagnosis is distinct from normal pregnancy but is adversely
affected or caused by the pregnancy. Claims resulting
from normal pregnancy, normal childbirth or elective
abortion are generally always excluded.
Source : http://insurancenewsnet.com/ |
