5 Reasons to have Travel Insurance

Updated: April 30, 2020 | By | More

Travel insurance is a vital part of a savvy traveler’s plan. Unexpected events have caused tourists to take a loss or to cover extra expenses. Travel insurance protects key aspects of travel: the cost of trips, baggage, personal items and health. Travelers safeguard their financial expenditure and against the unknown and provide for peace of mind by purchasing travel insurance. Ultimately, travel insurance averts the ruin of a business venture or holiday.

Photo licensed under the Creative Commons, created by Taro the Shiba Inu

Unplanned Illness or Accidents

Travel insurance covers medical expenses for those on trips. It could cover the price of the trip if the tickets or flights or tour has to be canceled before leaving. If there are medical emergencies such as bacteria or viruses or an accident, the insurance will include physician visits, treatment, pharmaceutical drugs, hospitalization or medical evacuation. Lack of cash could hinder treatment or rescue and could lead to death. Often domestic insurance will not take care of overseas medical treatment. A majority of travel insurances is capable of providing these services internationally as they can access the source to handle the circumstances. As well, illness on a trip means missing part or all of a vacation. Trips based on adventure sports can increase the chance for injuries.

Lost or Damaged Luggage

A traveler can be an extremely alert person, but when traveling, one’s luggage can be either damaged or destroyed or lost temporarily or permanently. This insurance is essential while checking baggage with airlines when traveling internationally. While travel insurance will not compensate for the total value of the lost or damaged belongings, it will provide a means of replacing a portion of the goods. This is especially true if carrying a costly camera or laptop.

Peace of Mind

Depending on the trip and destination, travel insurance can be inexpensive, costing $100 to $150 for a two-week journey. Travel insurance is beneficial whether helping a traveler to deal with a family member’s death or lost travel documents. It can be used to replace a reservation for a flight or hotel. Travelers can decrease the stress that a hospital visits or loss of equipment or luggage by having insurance. The traveler can have peace of peace of mind knowing these are protected.

Cancelled Trip

The insurance protects the outlay for the trip if it is canceled by either the tour operator or airlines if they declare bankruptcy or go out of business. Most travelers assume that travel agents, tour companies, airlines and hotels are reliable. Travel insurance will cover the cost or other expenses if the trip is canceled because of illness, natural disaster, political upheavals, terrorist attacks or natural disasters. It includes the cost of the canceled or changed tours because of illness or natural disaster.

Required by Tour Operator

Many guided tour companies require travel insurance and could demand a certificate proving the purchase of travel insurance, particularly in less-developed countries. There is much to be gained by traveling in a group on a planned tour. It allows deeper exploration into the cultures of the country.

Travelers will find that it is wise to invest in travel insurance. It is difficult to anticipate the unknown problems that could occur while traveling. Wise tourists plan and insure the financial expenditures and the occurrences before leaving. Emergencies such as illness, travel cancellations and natural disasters can be managed. It is better not to have a spoiled holiday or business outing.

Jerry Edgars is a financial consultant and occasionally blogs for kanetix.ca where you can get travel insurance quotes now as well as all kinds of other online insurance quotes.

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Category: Travel Tips

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