If you are like us, here is the best way to prepare for a major trip: You pack way too much, understand your luggage will not shut, then start taking stuff out. The snorkel gear, the strong, that next jacket. you don’t really need those. However, there’s one thing you certainly, absolutely need to pack: Travel insurance.
A good deal of people weigh the additional cost and inquire, “Is travel insurance worth it?” The majority of the time, the answer is the all-caps YES. That is why.
Reason #1 travel insurance is essential: Most of us can’t afford to lose our vacation investment.
Let’s say you pay $7,000 for a yearlong high-end cruise around the Mediterranean to your 25th wedding anniversary. The day before sailing, your mother suffers a critical fall and ends up in the hospital. When you call the cruise line and describe what happened, they are sympathetic — but you are not getting your money back. Company policy clearly says that there are no refunds if you cancel within 14 days of death.
Covered reasons can include scenarios like the insured serious sickness or injury of the insured individual, a traveling companion or a family member; the passing of the traveler, traveling companion or a family member; a natural disaster or other events that renders your destination uninhabitable; etc..
Reason #2 travel insurance is a must: Medical disasters abroad can be extremely expensive.
When you arrive at the clinic, you summon the strength to extract your medical insurance card. The team only shake their heads. You will need to pay up front for treatment – along with your medical bills quickly rise into the tens of thousands. If you require medical evacuation, that price can strike $200,000 or more, depending on the nation you are in and also the proximity to the closest hospital.
Since the U.S. State Department notes, “many overseas medical centers and providers need cash payment up front and do not accept U.S. insurance programs. Medicare doesn’t provide coverage outside of the USA.” 1
When you have travel insurance with emergency medical benefits, it can pay for losses as a result of insured dental and medical emergencies which happen during your journey. Emergency medical transportation benefits can cover medically necessary transport to the nearest appropriate medical center, in addition to the cost of getting you home following a covered injury or sickness. The Allianz Global Assistance hotline personnel might even be able to arrange payment beforehand for covered emergency medical care. The upshot: When you are wondering”is traveling insurance worth it?” , weigh the little cost of buying insurance from the huge expenses of a medical emergency overseas.
Reason #3 travel insurance is essential: You do not want minor accidents to ruin your trip.
A vacation is actually an investment in your happiness. And when that holiday starts off with a canceled flight, a missed link, a lost bag or another traveling hiccup, that joyful traveling feeling fades.
Travel insurance can make these situations better. Travel delay advantages can pay you for additional accommodation/travel expenses and lost prepaid expenses due to a covered departure delay of a couple of hours. Baggage delay advantages can pay you for the fair additional cost of essential items throughout your trip if your luggage is delayed or misdirected by a frequent carrier for 24 hours or longer. Several more advantages address other common travel accidents, so check your plan to see what’s included.
Reason #4 travel insurance coverage is essential: The U.S. Department of State says so!
What’s the first thing you should do when you encounter an emergency overseas? Most American travelers predict the local U.S. embassy for help — but these travelers tend to be disappointed to discover embassy staff’s abilities are restricted. They can let you replace a stolen passport; contact friends or family in the U.S.; find medical care or legal aid; speak with local authorities, and connect you with various resources. However, an embassy cannot pay for your medical care, provide emergency transport (except during rare, major catastrophes), or otherwise take care of any financial losses that you suffer while vacationing.
That’s why the State Department advises American travelers to take travel insurance — specifically, travel insurance that includes emergency medical benefits, emergency medical transport benefits, and coverage for other unforeseen expenses, such as trip cancellation and lost or stolen bag.
Reason #5 travel insurance is essential: It’s easy to find affordable travel insurance.
Cost may be the number one reason people do not purchase travel insurance. We understand! If you are currently paying thousands for a long-awaited cruise or resort vacation, it is hard to shell out even a bit more on automobile insurance.
Here is something a lot of folks do not know: Insurance can be quite very affordable. When you receive a quote for travel insurance, then we’ll give you multiple policy choices, so that you can select the best one for your journey and your budget. If you know you’ll be taking over two trips this year, your cheapest travel insurance option could possibly be an AllTrips plan, which protects all your travel in a 365-day period.
The best approach to find a cheap travel insurance program is to find a quote for your next excursion and then compare strategies. Remember: If you’re not completely satisfied, you have 10 days (or more, depending upon your state of residence) to request a refund, provided you have not begun your trip initiated a promise. Premiums are non-refundable after this period.