st.petersburg, florida, January 18, 2023 /PRNewswire/ — Today’s travelers are becoming more cautious following the rise in airline-related accidents. These include widespread cancellations, staffing shortages, system outages and the looming threat of strikes.
Before upgrading to a refundable ticket or purchasing airline insurance, travelers should consider another option: travel insurance. Travel insurance marketplace Squaremouth.com compares these offers to third-party travel insurance plans to reveal the best options for travelers.
Travel Insurance VS Refundable Airline Tickets
Many airlines offer refundable tickets for up to 10 times the original price. These tickets offer attractive flexibility to cancel your flight, but they do not relieve you of other inconveniences that may affect your trip.
According to Squaremouth data, only 18% of travel insurance claims paid in 2022 were for canceled flights, replaced by both. travel delay When emergency medicine Claim.
Cost Comparison: A refundable air ticket can cost ten times the airfare, while third-party travel insurance plans add only a small percentage of the total cost. These policies typically cost up to 10% of the cost of the entire trip and can be significantly less than the cost of a refundable ticket alone.
Comparison of advantages: Refundable airline tickets usually have little or no restrictions if the flight is canceled, but third-party travel insurance plans include a list of reasons why a trip can be canceled. If the conditions of the policy are met, the plan can refund all travel expenses, not just airfare.
Most third-party travel insurance policies are all-inclusive and include coverage for other travel-related inconveniences, such as flight delays, lost luggage, and missed connections.
Travel Insurance VS Airline Insurance
Many airlines offer the ability to opt-in for travel insurance when booking. These offer convenient options, but often fall short in terms of benefits and price.
Cost Comparison: Airline-provided travel insurance plans are not priced the same as third-party travel insurance plans and include a percentage payable to the airline. In most cases, this means that these plans will be more expensive than adequate and comparable third-party insurance plans.
Comparison of advantages: Plans offered by airlines contain very specific lists of coverage and are often less comprehensive than those offered by third-party insurance. Packaged with little to no customization.
Third-party travel insurance includes the most comprehensive list of benefits, including today’s in-demand coverage needs related to airline issues. By using comparison marketplaces, travelers can often find more affordable options with the perks they need for their particular trip.
ADDITIONAL RESOURCES: Squaremouth regularly updates its information center with events impacting today’s travelers.
Stop FAA system
Southwest Travel Confusion
airline pilot strike
About Square Mouse: Squaremouth.com insures over 2 million travelers. Squaremouth’s intuitive quote and comparison engine, award-winning support team, and verified customer reviews help travelers save time and money to find the best travel insurance for their trip .
contact:
kyliem@louhammond.com
View original content: https://www.prnewswire.com/news-releases/travel-issues-continue-heres-the-solution-301724996.html
SOURCE Square Mouse