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5 Jan, 2013

Four Secrets for Selling/Finding the Right Travel Insurance in 2013


St. Petersburg, FL (PRWEB) January 04, 2013 – Travel insurance can save travelers from huge financial losses when unexpected events throw a wrench in plans. Any experienced traveler is bound to have horror stories about travel disasters that could have been minimized if a travel insurance policy had been purchased.

The experts at travel insurance comparison site, Squaremouth, have revealed the following secrets to make purchasing policies easier. These little-known tips can help save money while maximizing coverage.

Secret #1: The cheapest policy may be the best

The old adage, “you get what you pay for,” holds true in most cases. Purchasing the cheapest product or service can be a gamble because reduced quality tends to correlate with lower costs. However, that is not always the case with travel insurance. “Different travel insurance policies have different ‘sweet spots,’” says Chris Harvey, CEO of Squaremouth. “When a traveler finds the plans that specialize in their specific type of travel, they’ll be able to locate the best coverage with the lowest premiums.”

Secret #2: Optional deductibles and upgrades may be driving premiums up

Many travelers are unaware that opting for higher deductibles and checking for unnecessary upgrades can help keep premiums down. “There’s no added value in spending extra money on benefits you won’t use,” says Harvey. Travelers may be able to reduce or eliminate benefits, like opting for lower life insurance coverage. By reviewing policy details carefully before making a purchase, they can ensure they aren’t paying for upgrades they don’t need.

Secret #3: Annual policies can save substantial money

Frequent travelers often purchase annual policies to provide emergency medical care and other common benefits. For those taking multiple trips, an annual policy can be far more cost effective than purchasing separate policies for each trip. Even if a traveler is only planning two to three trips during the year, an annual policy may be a good financial choice. Travelers are advised, however, that there are often differences in benefits between single and annual travel insurance plans.

Final Secret: If a traveler has questions about coverage, call the experts

Every travel insurance policy comes with a 24-hour number that travelers can call for assistance or policy questions. When traveling outside of the United States, providers can be reached using the international number included in each policy. Travelers should remember that insurance plans are designed to protect and assist. If they encounter a travel problem, the provider can often help avoid unnecessary complications.

For more information on Squaremouth, visit http://www.squaremouth.com.