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Why You Need Travel Insurance

Why You Need Travel Insurance

Travel insurance is a specialized type of insurance that protects you from unexpected financial losses that can occur during your trip. It can cover a wide range of events, including:

  • Medical emergencies
  • Trip cancellation or interruption
  • Lost, stolen, or damaged luggage
  • Flight delays or cancellations
  • Rental car damage
  • Accidental death or dismemberment

While travel insurance is not legally required for most destinations, it is a wise investment for most travelers. Here are just a few reasons why:

Medical emergencies

One of the biggest risks of traveling is getting sick or injured. Medical emergencies can be very expensive, especially if you are traveling in remote areas. Travel insurance can cover the cost of medical treatment, hospitalization, and transportation home in the event of a medical emergency.

medical emergency while traveling
Photo: ronstik/AdobeStock

Trip cancellation or interruption

Unexpected events can happen at any time, and they can often derail your travel plans. For example, you may have to cancel your trip due to illness, family emergency, or job loss. Travel insurance can reimburse you for non-refundable trip costs if you have to cancel for a covered reason.

Lost, stolen, or damaged luggage

Airlines lose millions of bags every year and damage millions more. If your luggage is lost, stolen, or damaged, travel insurance can reimburse you for the cost of your belongings. If you are traveling on a scuba or motorcycling adventure, think about the cost to replace the gear you will be bringing along.

damaged luggage
Photo: Khun Ta/AdobeStock

Flight delays or cancellations

Flight delays and cancellations can be disruptive and costly. Travel insurance can reimburse you for additional expenses incurred, such as meals, accommodation, and transportation, if your flight is delayed or canceled for a covered reason.

flight cancellations
Photo: Nay/AdobeStock

Rental car damage

If you are renting a car—or a motorcycle—on your trip, travel insurance can cover the cost of damage to the vehicle, even if you have collision damage waiver (CDW) coverage.

rental car damage
Photo: saltdium/AdobeStock

Accidental death or dismemberment

In the event of accidental death or dismemberment while traveling, travel insurance can provide financial assistance to your loved ones.

How to choose a travel insurance plan

When choosing a travel insurance plan, it is important to consider your specific needs and budget. There are many different plans available, so you can find one that covers the risks that are most important to you.

Here are a few factors to consider when choosing a travel insurance plan:

  • The cost of the plan
  • The benefits covered by the plan
  • The exclusions and limitations of the plan
  • The reputation of the insurance company
choosing travel insurance
Photo: thodonal/AdobeStock

Where to buy travel insurance

Travel insurance can be purchased from a variety of sources, including:

  • Online travel agencies
  • Insurance companies
  • Travel agents

We sell travel insurance and strongly recommend it to our clients.

Conclusion

Travel insurance is a wise investment for most travelers. It can protect you from unexpected financial losses that can occur during your trip. When choosing a travel insurance plan, it is important to consider your specific needs and budget.

When we help you plan a trip we’ll learn about your specific needs, possibly mention some ideas or situations that you might want to consider, and we will be in the best possible position to help you decide on the travel insurance that is right for you.


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