A good and timely article was published by the Pennsylvania Department of Insurance in their July, 2007 issue of “Consumer News You Can Use“. The article gives a very good overview of travel insurance and also talks about rental car coverage. A good piece of advice that was in their press release that was not in their article was:
“Also, be sure you are purchasing travel insurance and not cancellation waivers, which may be helpful but are not insurance policies. Since waivers are not regulated by the department, we cannot offer consumers protection from problems that may arise.”
We’ll talk more about cancellation waivers later but for now we concur that the best advice is not to buy them.