![]() ![]() As an example, here are some major differences between Seven Corners’ RoundTrip plans and the airline’s refundable ticket. What’s the Difference Between Travel Insurance and a Refundable Airline Ticket?Ĭontrary to popular belief, the refundable ticket you buy from the airline is not identical to what you would get if you purchased travel insurance. Of course it depends on your situation, but rushing to a decision without knowing the facts of what you’re getting from the airline, and what kind of coverage you could get from travel insurance could lead to a case of buyer’s remorse. At this point in the purchase of your tickets, many airlines may try to grab you with a sense of urgency and tempt you with convenience. Paying extra for a refundable ticket isn’t necessarily a wrong choice, but it might leave you wanting more. We have negotiated exclusive plans with several leading insurers that enable you to purchase from these companies directly at consumer-direct prices and save 40% or more on the same or better coverage.You're about to purchase a flight, and the website asks, “Would you like to upgrade to a refundable ticket for an additional fee?” It seems like a good idea if you need to cancel your flight, but is it the best decision for you and your trip? One exception among these online comparison sites is, which has a unique travel insurance selling model. The main benefit is comparison, not necessarily cost. The difference is that they let you compare the cost and coverage of multiple plans to find the lowest cost plan with the best coverage for you. Online comparison sites usually sell the same plans offered by travel agents at the same commission levels. These retail policies will typically cover you for default by, or bankruptcy of, a travel supplier. Policies from a travel agent or from online comparison sites usually offer broader coverage and will insure additional hotel and travel costs you may not have purchased through the airline. “Policies from a travel agent or from online comparison sites usually offer broader coverage and will insure additional hotel and travel costs you may not have purchased through the airline.” Typically, you can get better coverage for a few dollars more. Often, for example, these plans will cut back on cancelation reasons and/or coverage limits. They can often be purchased for a lower cost, but lower cost often comes with less comprehensive coverage. The cancellation provisions are often customized and limited and may only pay out a portion of your non-refundable airline ticket costs. They never cover the possibility of the airline going bankrupt and always leave you exposed to this risk. ![]() Insurance plans you buy from an airline are wholesale plans designed to be sold exclusively by the airline. Most travel advisors will recommend buying travel insurance. It also covers medical expenses, medical evacuation costs, baggage, and trip interruption costs. ![]() Travel insurance covers the non-refundable portion of your trip so that you don’t incur penalties if you have a covered reason to cancel your trip. Do you really need to buy air travel insurance? And buyer beware: the insurance your airline offers usually doesn’t provide the best value. If you compare plans, you can usually get a much better value and better coverage at a better price. If you don’t shop around, you’re making the most common mistake in buying air travel insurance. ![]() “If you compare plans, you can usually get a much better value and better coverage at a better price.” What’s the biggest potential mistake in buying flight insurance? Travel insurance can seem complicated at first, but we can help take the mystery out of evaluating coverage options and finding the best value for you. If you’re planning to travel by air soon and want to get travel insurance, we’ve put together a comprehensive guide to help you buy flight insurance that will save you money and help you get the best travel insurance coverage. ![]()
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