Are you planning a trip soon? should I take out travel insurance? It’s hard to say whether it’s worth spending the extra money. Are you over 50? Travel insurance is significantly more expensive the older you get. If you spend a lot of money on travel, travel insurance is a must.
Travel insurance abroad
Travel insurance abroad covers the following basic elements
- Trip cancellation or interruption
- Medical expenses
- Emergency evacuation
- Flight delays and cancellations
What is travel insurance?
A “trip cancellation” occurs when you cancel your trip in advance, while a “trip interruption” occurs when a problem arises during your trip. What would you do if you or a travel companion had to cancel your plans due to injury or illness? This is anywhere travel insurance can come in helpful.
What to do in that case – do you think your health insurance will cover it? You may be right. But, most health insurance policies will not satisfy you outside the United States. If you travel abroad, Medicare will not cover you. Find out if your insurance company will cover you on your next trip.
What if I get sick and have to fly? Also, if you need medical care on your flight home. This can be very expensive.
Have you ever had the experience of arriving at your destination and finding your luggage missing? What if you were ready to go on a cruise? What would you have to do? Travel insurance will cover your needs until you find your luggage. What if my luggage never arrives? Make sure you have a list of all the luggage you need for your trip. Also, keep as many receipts as possible for these pieces of luggage. If your luggage is stolen, you should report it to the police. This will assist you in the case of an insurance claim.
Have you arrived at the airport and found that your flight has been delayed? What should you do if you miss your connecting flight due to the delay? Your travel insurance will cover the cost of hotel accommodation and meals while you wait for your next flight. But what if your flight leaves on time, but you get stuck in traffic and miss your flight? You probably won’t be covered by insurance.
Travel insurance… Do you need it?
Check your home insurance policy. You may already have insurance for things like lost luggage. Also, your insurance may have limits on the amount of coverage, so check the limits of your coverage. Check your health insurance and confirm coverage during your trip. Find out if you are covered when traveling abroad. Finally, check your credit card coverage. Some credit cards have limited coverage if travel is booked on the credit card. If you have an airline credit card, check the coverage. If you are traveling with them, they may offer you better coverage. But your credit card may not cover you when you return home. Neither health insurance nor credit cards usually cover emergencies during travel.
If you decide you need travel insurance, read the fine print. Check the expiration date of your insurance before you travel. Make sure you are insured for the entire trip. Make sure your destination is covered. If the government has warned you not to visit a certain country, your insurance may not cover you for a trip to that country.
What if I get sick? Earn a list of all medications you are currently using. Failure to do so may cancel your insurance. What if a returning family member becomes ill and I want to cancel my trip? Most travel insurance does not cover this unless it is a death in the family.” There is a “Cancel for any reason” option. If you have elderly relatives in your home country, it is a good idea to consider this option. It allows you to cut your trip short and return home for any reason, even if you change your mind and decide not to go.
Check the fine print and decide if buying travel insurance is for you. You’ll be glad you bought it.
Whether it’s a weekend getaway or a last-minute vacation to the stars, I use travel apps to make it more enjoyable. When I’m traveling, I look for deals and discounts on travel expenses to make them more affordable.