Big "I" News

Do you know how to calculate trip cost for individual travelers when writing travel insurance? It’s a frequently asked question about the travel insurance options available in Big “I” Markets through Travel Insured International—and it essentially comes down to two factors.

Simply include pre-paid and non-refundable costs a client would lose if forced to cancel on day of departure. Some examples include:

• Children 17 and under: Although they may be insured at no extra charge or at a discounted price, it is still necessary to include trip costs for minors.
• Airfare: Consider the cost for each person as individually itemized on airline tickets.
• Accommodations: Split accommodation expenses that are not itemized individually among all travelers.
• Cruise: Consider the cost for each person as individually itemized on cruise receipt.
• Rental transportation: Assign whole cost to the person who paid for the rental. All licensed drivers on rental contract are still covered.
• Meals and entertainment: Consider the cost for each person (pre-paid, non-refundable only).

It’s also important to list travelers with different addresses on separate applications. To learn more, visit Big "I" Markets and take a tour of Travel Insurance.