There are so many different kinds of insurance which we are accustomed to working with every day—health, automobile, house, liability, life insurance, and more. However, there are many types of insurance which most people rarely use and sometimes don’t even know about. Travel insurance is one of these. Many people go abroad without bothering to purchase it, thinking that insurance is only for rich people who are going on a safari to Africa or something equally exotic, but this can be detrimental thinking and hurt you in the long run.
The purpose of travel insurance is to protect those who are traveling in a foreign country against losses which might be incurred there. Such losses included medical and dental expenses, legal assistance, trip cancellation, delayed or missed flight connection caused by the airline schedule, accidental death or injury, return of a child, weather- related travel delays, and medical emergencies. Some travel insurance policies also cover other things, including travel to terrorist states, rental car collision, kidnapping, and pre- existing medical conditions such as asthma.
Should I get travel insurance?
Now that you know the major situations that travel insurance pays for, you can move on to the big question: Should you buy travel insurance?
Whether or not you need travel insurance depends on your travel needs. You should definitely consider getting it if you are going on an expensive trip, but it would probably not be worth it if, say, you are buying a low-cost ticket for a week-long break. If you have any reason to believe that something bad might happen that could force you to cancel your ticket travel insurance could keep you from losing a lot of cash.
Another factor to be taken into consideration is what could happen to your house while you are away— it could be robbed or destroyed by fire or (depending on where you live) a natural disaster. Look at your current home or renter’s insurance to see if you might need additional coverage while you’re away.
What kind of travel insurance should I purchase?
So you now acknowledge that travel insurance is indeed for you. But there is still a more complex matter to be settled: As with all types of insurance, there are different policies covering various situations, and not all of them will be equally appropriate for any given situation. Factors that should figure into your considerations include the cost of the policy, what it covers, and whether you think it is worth paying that much for it.
The type of insurance that travelers buy most often covers cases of cancellation or interruption of the trip. People rarely purchase the kind of insurance that pays for the expenses incurred by medical and dental emergencies; however, this is precisely the kind that everyone should have. Even if you have health insurance at home, it will not be accepted in other countries, nor on international waters. Look at various policies and see what works best for you as far as cost and coverage.
When you’re vacationing abroad, anything can happen and it’s important to be prepared for situations that can occur. Ensure that you have enough insurance to get you through various problems and protect you and your vacation if something changes before you leave or while you travel. If you plan carefully, you can protect yourself without paying much and have a worry-free trip.