- advertisement -
 

Study travel insurance before you buy

When you're buying a vacation months ahead or spending big bucks on a trip, it might be worth it to pay a little extra to get travel insurance.

- advertisement -

Depending on the trip, your circumstances and the policy, expect to pay an additional 4 percent to 8 percent of your trip cost for insurance, says Ed Walker, president of the U.S. Travel Insurance Association.

Because group policies cover a large number of people in exactly the same area who face exactly the same risks (weather, etc.), coverage is sometimes more limited for some circumstances, says Walker. But group rates frequently are lower.

"My advice would be, if you're looking at your options, check the difference between what's offered by the tour operator or cruise company and an independent agent," he says.

Buying travel insurance

Some sites where you can comparison shop: InsureMyTrip.com; SquareMouth.com and QuoteWright.com. Another source to find insurance: USTIA.org (the U.S. Travel Insurance Association), an industry group for travel insurance providers.

Bankrate.com's corrections policy
-- Posted: April 18, 2008
 
 
Create a news alert for "saving"
 
 RESOURCES
Get our free consumer update each week
Travel insurance: Are you covered?
10 tips to clip travel cancellation fees
 TOP PERSONAL FINANCE STORIES
Video: 5 myths about going green
5 myths about going green
Video: Ways to keep produce fresh
 



Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement
FINANCIAL LITERACY
Rev up your portfolio
with these tips and tricks.
- advertisement -
- advertisement -