Travel Insurance Companies Will Not Let You Claim Frequent Flier Miles
June 23, 2008
With this month’s decision by major airlines, including Delta, United and American, to cut capacity by double digits, experts predict it’ll get even harder to cash in on frequent flier miles. You’ll needlessly increase the cost of your premium.
But for those who are lucky enough to fly free this summer, a further pitfall awaits: If your first class flight to Europe ‘worth’ thousands of miles gets canceled, you won’t be able claim for it on travel insurance.
This is because travel insurance only lets you recoup non-refundable cash losses. So don’t include intangibles like frequent flier miles or the value of timeshare weeks paid for years ago when calculating how much insurance to buy, warns Chris Harvey, CEO of Squaremouth, America’s fastest growing comparison web site for travel insurance. “You’ll needlessly increase the cost of your premium.”
Depending on the policy, however, “you may be eligible to recoup the cost of an airline imposed change or reissue fee; plus a similar amount for re-banking frequent flier miles,” Harvey adds.
Squaremouth’s Help and Advice section offers insider advice to help you choose the right travel insurance. This travel insurance comparison site helps customers instantly quote, compare and buy policies from every major carrier: AIG Travel Guard, CSA, Elvia, Global Alert Admin, Global Underwriters, HTH Worldwide, ITravelInsured, Medex, Medjet Assist, MH Ross, Multinational Underwriters (MNU), Seven Corners, Travel Insurance Services, Travel Insured, Travelers Liberty, Travelex, TravelSafe and USA Assist.
International Medical Insurance - http://www.squaremouth.com/international-medical-insurance
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