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Group Travel Insurance is Less Expensive Than Individual Policies?

Onshorekare Comment While the cost of travel insurance does depend on the coverage you need and the length of your stay, putting together a group policy will greatly reduce the premium just by adding more people into the policy. The less risk the insurance company thinks it’s taking on, the lower your premium will become. By adding more people onto the plan, the less risk overall the insurance company will incur. So, by that logic, a group insurance policy will cost less per person than buying every person an individual policy.

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