In a segment on CBS This Morning, Peter Greenberg discusses his best tips for understanding and using travel insurance. As he points out in the interview, travel insurance is a particularly good idea for anyone who has a sizeable investment in their trip, or who is traveling with a restricted ticket or similar constraint. However, coverage levels vary and will differ from person to person, depending on their needs. Pricing of insurance policies will also vary based on the level of coverage that’s needed by the individual traveler, so there is no one-size-fits-all solution.
“My rule of thumb is, never buy the travel insurance from the travel provider themselves…You really want to do it through a third party.” — Peter Greenberg