Reasons to Consider Travel Insurance

When you’re heading out on a big trip, chances are the last thing you want to do is add one more expense. However, travel insurance could save you from having your trip ruined in a worst-case scenario. Travelers insurance can protect you from lost possessions, poor health on your trip and much more.

The U.S. Travel Insurance Association estimates that about one in three Americans purchase travel insurance, and nearly three in four people traveling on a cruise line. Here are some of the most common reasons cited for purchase by travel insurance buyers:

Canceled flights.

You risk losing a lot of money if your flight is canceled at the last minute. Travel insurance protects you in these types of scenarios.

Lost medication.

If your bags carrying important medication get lost, travel insurance covers those losses and allows you to fill an emergency prescription.

Stolen wallet/passport.

Some countries have major problems with pickpockets, and common targets of theft are wallets and passports. Travel insurance enables you to get some emergency cash and a new, replacement passport in the event of theft.

Emergency medical treatment.

If you get into an accident, you’ll need to be able to get emergency medical treatment. Travel insurance grants you this, as well as emergency medical evacuation when necessary.

Canceled trip.

If you get severely ill and need to cancel your trip, travel insurance gives you the ability to recuperate some of your losses.

Disaster plans.

If there is a terrorist incident in a potential city, a major weather disaster or a canceled flight or cruise due to company bankruptcy, travel insurance has stipulations in place to protect you.

There are many different subtypes of travel insurance, including baggage insurance, flight insurance, trip cancellation insurance and more, but most of them have at least one or two of the benefits listed above.

If you have a trip coming up and you’re wondering whether it’s a good idea to purchase travel insurance, contact us today and ask any questions that you have. We’ll be happy to speak with you about your options and make a recommendation based on your trip and needs.