“Should I take out travel insurance?” This is a question that travelers often debate. Is it worth the cost of the premium? Some people think that travel insurance is a glorified life insurance policy covering your life and limb when traveling but this accident coverage is just a small part of the package and a part that is hardly ever used. A good comprehensive travel policy offers so much more.
One of the most important benefits of a travel policy is trip cancellation and interruption coverage. This protects your travel purchase against unforeseen illness or accident that keep you from traveling. When you are considering purchasing a policy be sure and look at the trip interruption portion. Will it reimburse your unused, non-refundable portion of the trip? If an unfortunate situation arises where you will have to return home for a covered reason, it can help cover the increased transportation costs of traveling home on short notice. The policy many also cover you for missed connections, travel delays and even work/business related reasons.
In the unlikely event you become sick or injured during your trip, emergency medical and dental coverage is important to have. It is surprising, the number of health insurance policies that do not cover medical services when you are traveling internationally. It is a good idea to check with your health insurance provider to see what kind of out-of-country coverage you have.
I hate it when my luggage is lost or delayed. It is so irritating to lose your personal items only to find out the airline covers virtually nothing. Your travel insurance Baggage Protection will help replace lost or damaged items, and if you have to wait for your bags to catch up, it is somewhat comforting to know that you will be reimbursed for items that fail to make it intact.
When should you buy travel insurance? I would suggest buying your insurance right after booking your trip. The price is the same whether you buy it a year before the trip or the day before you leave, but buying it early gives you the most coverage time, and sometimes gives you bonuses such as covering pre-existing medical conditions and supplier default.
Make sure to use a reputable insurance company. Over the years, we have offered several different companies and have found Access America to have the best coverage, also the most fair when it comes time to pay a claim. We highly recommend using them for all of your travel insurance needs whether traveling on your own or traveling with us.
Be sure and know what your insurance covers. Read your policy ahead of time and don’t hesitate to ask questions. Most of the time you will find that you are covered for more things than you thought.
No one wants to think about the “what ifs” so let travel insurance take away some of these worries. Even though the odds are low that you might have to file a claim, the security and peace of mind provided with travel insurance is worth every penny.