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Do I really need travel insurance?
While planning a trip to some exotic locale, you might ask yourself, “do I really need travel insurance? what exactly does travel insurance cover? is travel insurance worth the cost?” I say yes every single time and I haven't traveled without good travel insurance in at least 10 years. I say travel insurance is totally worth the money. If you are planning a trip, don't forget the travel insurance. Read on to learn why! We hope that you enjoy this Do I really need travel insurance post.
Never Travel Without Travel Insurance
Before you book your flight or hotels, the first thing you should do is secure your travel insurance. Let's look at what it is so you can see why you need it.
What is Travel Insurance?
First, let's look at what it is. Basically, travel insurance is financial security in case something happens before or during your trip.
“Travel insurance is designed to cover those who elect coverage with financial safeguards in the case of events ranging from inconveniences to calamities.”
Everyone should buy travel insurance. So many unforeseen things happen on or before trips that it's comforting to know you won't lose all the money you invested.
Here's an example of what happens if you don't have insurance:
My friend Annie bought her brother round trip tickets to come see her and fly her kids back to their home state. They were nonrefundable and nontransferable. 2 weeks before his flight he called to say he didn't want to do it anymore and refused to pay her back for the tickets. She failed to buy trip insurance and was out the cost of the tickets and had to pay an additional fee for the children to fly as unaccompanied minors.
Don't be Annie. If she had purchased travel insurance, she could have been reimbursed the cost of his canceled tickets and – depending on her insurance plan – might even have been reimbursed the unaccompanied minors fee.
There are lots of reasons that purchased tickets go unused and tons of unforeseen circumstances that can cost you money when you travel. Don't just throw your money away. Make sure you have an insurance plan that will cover you and get that travel insurance before your next trip.
What Does Travel Insurance Cover?
Now that you know what it is, what exactly does it cover? This answer depends on the policy you buy and whom you buy it from. Travel insurance plans vary from company to company.
However, there are similarities between most plans. Generally, it will cover at least some of the following:
- Canceled flights
- Nonrefundable event tickets or hotel stays
- Medical expenses
- Lost baggage
When you purchase travel insurance, make sure you understand what it covers. There are going to be exclusions in every plan. However, if you understand what your insurance plan covers before you buy it, you can get the most out of it.
There is something called “cancel for any reason” part of a plan. If your plan offers it, get it. If you choose not to select this, your coverage will be very slim and some of your claims could be denied.
Every single travel insurance company and plan is unique. So ask your agent what they cover and what they don't, before you buy it.
Some common things it might not cover include:
- Trip cancellations for undocumented medical reasons
- Pre-existing conditions
- Losses for tickets won as awards
- Intentional losses (like self-inflicting harm)
Always buy travel insurance before you firm up any travel plans. This should be your first step in every travel plan. After you dream up where you want to go and for how long, take this information to your insurance agent and ask about the best coverage for your trip.
Do not wait to buy it. Some travel insurance plans only cover if you buy the insurance before you make reservations.
No matter where you go,if you Need Travel Protection? Don't forget a travel protection plan! Get a Quote Now at TravelexInsurance.com. Travel Insurance is extremely important! It could prevent you from losing money on unforeseen circumstances. Pin this post and share it with your friends. We hope that you are inspired by this Do I really need travel insurance post. Happy travels!
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