Common travel insurance misconceptions
Interview with CNBC, Street Signs, on how terrorism is effecting travel insurance.
The bottom line is that travel insurance probably doesn’t cover a delay or missed flight due to long TSA lines. Why? Because coverage designed to insure your trip, such as trip cancellation/interruption, travel delays and missed connections, is named “peril coverage,” and long lines are not considered perilous.
Bottom line is to become an informed consumer. Know your needs before you buy and research coverage first. Don’t buy before comparing plans. Plans and prices vary.
Most insurance professionals will tell you that you shouldn’t buy “flight accident” coverage but instead you should have adequate life insurance that will cover you 24/7.