How Much Is Flight Insurance?
How Much Does Flight Insurance Cost?
ExactCare Extra® is priced at around 8%-10% of your total insured trip cost, which is standard for traditional, comprehensive travel insurance. It also includes a suite of fixed benefits not found in other conventional travel-insurance products, yet still priced competitively.
International Flights Have More ‘Segments’
ExtraCare Extra is priced in part on the number of “flight segments” that you’re covering.
A flight segment is simply a flight that has a flight number. It can be a nonstop or have multiple stops.
For example, to get from Tulsa to Sicily, you might have to fly from Tulsa to Dallas, Dallas to New York, New York to Rome, and Rome to Sicily. That’s four flight segments – and something could go wrong on each one.
Things Are More Likely To Happen On Some Multi-Segment Flights
Not every destination that has an airport has reliable air service. And if you’re selling a plan that covers travel to a place with unreliable air service, that often means more delays and cancellations. The insurance company needs to charge more to protect that increased risk.
It only makes sense to charge a little more.
Weather Can Be More Extreme In Other Parts Of The World
We actually have it sort of easy in the United States, weather-wise. We get the occasional hurricane or blizzard, but no typhoons and few volcanic eruptions, earthquakes, or tsunamis.
Because weather extremes can play havoc with flights – especially long international flights – it makes sense to charge more for that added risk.
The Value of Flight Insurance
The cost of flight insurance can be minimal, but its value can be great.
If you miss a connection or your flight is cancelled, it’s reassuring to get paid quickly for your inconvenience and get help making alternate arrangements.
Berkshire Hathaway Travel Protection has flight insurance options that provide value, assistance, and peace of mind.