You Don’t Need Travel Insurance Until You Need It
As a standard practice, I offer travel insurance to my clients when they book their vacations with me. More often than not, I get the response “I don’t plan on cancelling this trip!”. Of course no one plans on cancelling their dream vacation. But I’m pretty sure no one plans on having an accident, missing their cruise ship or losing their luggage either. These are just a few situations in which travel insurance can save you time, stress and money.
What does it cover?
Travel insurance, also known as Vacation Protection can protect more than just cancellation penalties for covered reasons. Policies vary, but here are the most common instances in which travel insurance may benefit you:
- Trip Delay
- Trip Interruption
- Baggage & Personal Effects
- Medical Expenses
- Emergency Evacuation and Repatriation of Remains
- Accidental Death & Dismemberment
The Bottom Line
Ask yourself these questions when planning your next vacation:
- Can you afford the cost of the trip back home if an emergency arises and you need to get back?
- If you or your travel partner gets sick or injured while on vacation, will you be able to afford medical care?
- Can you afford to lose the money spent on your vacation if you have to cancel at the last minute?
If you answered “no” to any of these questions, purchasing travel insurance is a good idea to protect your travel investment. Unfortunately, I have had clients who declined insurance and ended up spending more than the cost of their trip in medical expenses at a foreign hospital.
Be sure to check with your travel professional or insurance provider about coverage options. For a small premium, you will have peace of mind and can focus on enjoying your well deserved vacation.