Travel insurance provides a way to anticipate the unexpected. It can help you protect against a wide range of events, including weather-related issues, baggage loss, airline delays and cancellations, accidents or disease, and much more. There are policies available for every situation, including missing your tee time to cover the golf course. Some policies even give you the option to cancel your trip entirely for any reason.
In addition to protecting you against the loss of the money you spent on your trip, you can find the policy that medical coverage. Medical expenses can be a particularly important part of travel insurance cover, as many insurers services if you are outside your home country. Is My Health Insurance property abroad? please give the details.
Nobody wants to think about the worst-case scenario when planning a trip, but there are plenty of reasons why you need some protection. Tropical storms, such as hurricanes, come immediately to mind. Destinations in hurricane-prone areas can offer their own warranties, ranging from money-back offers for credit for a return trip. Travel agents that book a lot of trips to these areas may also offer some sort of cover, like cruise ships. (Read Insider Tips to save on cruises for understanding an economical way to travel in style.)
Floods, fires and other natural disasters, either at home or at your destination, you can avoid making your trip. Less serious, but also disturbing, is the prospect of a rainy weekend at the beach, a broken down car or the traffic on the way to the airport, that makes you miss your plane. Personal injury, the need to attend a funeral, an unexpected job interview or the illness of a travel companion can also cause you to cancel. Terrorist activities, even in popular European destinations could also force you to change your travel plans.
Check your existing Coverage
Before you shell out the equivalent of 5% to 8% of the cost of your trip for insurance, make sure you have the existing coverage from other sources. Hotels and cruise lines can offer at the cost of your accommodations at least some relief. Travel agents may relate to even more. If you use a credit card to pay for your trip, the credit card company (especially if you use a ranked Gold or equivalent card – see The Best Credit Cards for Travel Insurance) even similar insurance at no extra cost. Your homeowners or renter’s insurance may also cover lost luggage. (To read more about this type of insurance, read Tips for Homeowners Insurance and Insurance 101 for renters.)
An existing life insurance policy should already cover you in the event of death, and it can cover serious health problems as well. (To learn how to read your current policy, see Understanding Your Insurance Contract and Exploring Advanced Insurance Contract Fundamentals.)
Your existing coverage may not pay if you miss a flight and need to change airlines and new booking. Similarly, the cost of a hotel room may not be covered if you are stuck at the airport. Rental cars are another potential costs if you need to find an alternative route home or to your destination. Think about your journey carefully and put together a list of items that you would like to have in case something does not work as planned.
For the coverage you need, you can contact your travel agent or online shopping. Whatever you do, buy from a reputable insurer round-the-clock support. That Internet bargain is such a great part not if you’re stuck in the path of an approaching storm and not have anyone to call for help is not. You’ll also want to compare prices to ensure you do not pay too much. The most convenient source of insurance is not always the best price.