Should you get travel insurance for your next trip?
You put a lot of time and effort into planning a cruise vacation, and you spend a lot of money on airfare, hotel, cruise fare, packages, and excursions. A vacation can be quite an investment intended to provide your family with fun and relaxation. Unfortunately, there are times when an illness, weather event, or other interruption can make it necessary to change or alter your plans. If you have ever had your luggage get lost, you know that can also be a nightmare. So, is travel insurance worth it? There are a lot of reasons you should consider purchasing travel insurance when taking a vacation.
Is Travel Insurance Worth It?
When you consider your possible losses that could be covered by travel insurance, it is certainly worth it. If you were injured or became sick during your trip, it’s highly unlikely your current health insurance will be accepted in another country. Travel insurance can cover costs of an emergency trip to the hospital.
There are a variety of travel insurance plans available. Some are very specific, and other plans are available in a customized package. You can choose what you want covered in your travel insurance package. Targeted travel groups, such as people who are traveling with valuable equipment including photographers, divers, golfers, and athletes will want insurance to cover their valuables which could cost many thousands to replace.
Insurance on prepaid nonrefundable expenses is an excellent policy for all vacationers to purchase.
How Does Travel Insurance Work?
The purpose of travel is to protect your investment in plane, cruise, and hotel costs, as well as cover your personal belongings and luggage in the event of damage, loss, or theft. Trip-cancellation or trip interruption coverage takes care of those weather related and illness travel problems.
You can also choose health coverage for unexpected illness, accidents, emergency treatment, and preexisting conditions. Many travel insurance policies require you to insure 100 percent of all nonrefundable expenses in order to qualify for cancellation due to bankruptcy of travel suppliers, cancellation for any reason, cancellation for work reasons, or cancellation for preexisting health conditions.
Speaking with a travel insurance professional or seasoned travel agent will help you determine what insurance is best for you. Policies can cover individuals or a whole family.
