LOS GATOS, Calif.
May 23, 2013
/PRNewswire/ -- Online comparison site
, which enables consumers to purchase travel insurance direct from leading carriers and save up to 40% or more over similar plans, today announced that the
American Modern Insurance Group
has joined its team of nationally known travel insurance underwriters. American Modern currently offers three Compass Series policies available only through TripInsurance.com, all delivering benefits at substantial cost savings, especially for travelers looking to insure expensive trips.
"We're thrilled that American Modern has chosen to work with us," said Dan Silken, founder and CEO of TripInsurance.com. "The three Compass Series policies give added dimension to our suite of policy options, and this of course means more choice for our customers. Persons planning cruises or other costly trips will be particularly interested in the very attractive rates American Modern offers. Also, anyone vacationing in the
or Southeastern U.S. during the summer or fall will like the additional hurricane warning coverage American Modern includes in the Compass Series plans. Most travel insurance policies offer coverage only
a hurricane strikes and the destination is deemed 'uninhabitable' because of flood or storm damage. American Modern's more preemptive approach allows a traveler to stay out of harm's way—and, for a traveler this added coverage is very comforting."
In partnering with TripInsurance.com, American Modern joins four other carriers who have exclusive arrangements with the site: BCS Insurance Co., Nationwide Mutual Insurance Co., Old Republic Insurance Co., and U.S. Fire Insurance Co. Together, the five insurers offer 15 different policies through
Founded in 2010 and licensed to sell insurance in all 50 states,
is an innovative online resource for consumers to compare travel insurance options from five leading insurance carriers, select the policies best for them, and purchase direct instead of through middlemen—saving up to 40% or more over comparable plans. With industry leading customer support and a range of 24/7 travel services included with every policy it offers, the company's staff is committed to: 1) making the insurance purchase process simple and easy to understand; and 2) providing value through more affordable policies so that consumers can select, buy, and travel with the utmost confidence and security.