Travel Insurance for B2B

[MonoMan]

We booked our B2B thru Costco Travel and I'd like to buy travel insurance. I would appreciate if anyone would share their experience in the best way to cover a B2B trip with travel insurance. I will post likely use TravelGuard. Thank you!!

 

[PrincessShmoo]

We booked our B2B thru Costco Travel and I'd like to buy travel insurance. I would appreciate if anyone would share their experience in the best way to cover a B2B trip with travel insurance. I will post likely use TravelGuard. Thank you!!

We generally use one of the insurance comparison sites. We input the costs of trip and ages of travelers and check off what we want covered. Then the site will show us policies from various companies for comparison. We select one from there.

 

[MonoMan]

Thank you very much!

 

[turtle27]

My TA gets the info, but it is generally the same, price of whole trip, days, ages, then get quotes for the different coverage. Also, with most, you can add to the policy as you purchase more. Right now, for our summer trip, we have not yet paid for flights/hotels, or the insurance on those, even though trip insurance is already paid on the cruise. We will just pay the difference in price when we add on the other travel elements. If you already know all your costs, you won't have the added step.

 

[NancyIL]

Trip insurance covers only pre-paid, non-refundable expenses. You don't need coverage for anything that gets paid during the trip, like a hotel. If your hotel is prepaid but refundable if cancelled before penalties begin - then don't add that.

When traveling with more than 2 people in one cruise ship cabin, the 3rd and 4th passengers will usually have a lower trip cost. Therefore, don't use the total trip cost as the amount of coverage to buy. The trip cost divided evenly by the number of people traveling will probably result in the first two people in the cabin being under insured. Instead - you need to insure the per person trip cost. The first two people in the cabin will have a higher trip cost than passengers 3 and 4.

A simple example: a cruise for a family of 4 costs $1000 pp for Mom and Dad, and $500 pp for child #3 and #4. If you buy $3000 (total trip cost) in coverage - each person gets $750 in coverage. If you have to cancel the cruise for a covered reason, you won't get back $3000: Mom and Dad will each receive $750, and each child will get $500. You cant collect more than the per person amount of insurance purchased, and you also can't get back more than your actual trip costs. You need to insure travelers 1 and 2 at $1000 pp and travelers 3 and 4 at $500 pp. OR - insure everyone at $1000 pp.