Tuesday, June 14, 2022

5 Reasons You Should Always Have Travel Insurance

 If you're like most individuals, you prepare for a large vacation like this: You overpack, discover your suitcase won't close, and begin taking things out. You don't actually need the snorkeling equipment, the sarong, or the second jacket. But there is one thing you must not forget to pack: travel insurance.

Photo by Sam Kolder: https://www.pexels.com/photo/three-men-standing-near-waterfalls-2387873/

Many consumers balance the extra cost and wonder, "Is travel insurance worth it?" The majority of the time, the answer is an emphatic YES. This is the reason.

You Can’t Afford To Lose Your Holiday Investment 

Assume you pay a decent amount for a once-in-a-lifetime luxury cruise across the Mediterranean to commemorate your 25th wedding anniversary. Your mother had a major fall the day before sailing and ends up in the emergency room. When you phone the cruise line and explain, they are empathetic – but you will not be reimbursed. There are no refunds if you reschedule within 14 days of departure, according to most policies.

Travel insurance is essential in situations like these. When you have trip cancellation benefits on your travel insurance, you can get reimbursed for prepaid, nonrefundable trip costs if you have to cancel for a covered cause. Covered causes can include the insured person's, a travel companion's, or a family member's covered serious illness or injury; the insured traveler's, a travel companion's, or a family member's death; a natural disaster or other occurrence that renders your location uninhabitable; and so on.

Medical Emergencies Can Be Expensive Abroad 

Consider the following scenario: A truck collides with your rental car while you're on a driving vacation through Brazil, leaving you with a broken leg and other catastrophic injuries. You muster the courage to pull out your health insurance card when you arrive at the hospital. The employees simply shake their heads. You'll have to pay for therapy up front, and your medical expenses will quickly mount into the tens of thousands. If you need medical evacuation, the cost can be $200,000 or over, depending on the country and distance to the nearest hospital.

Many overseas medical facilities and providers request upfront cash payment and do not accept American insurance coverage. Outside of the United States, Medicare does not provide coverage.

When you have travel insurance with urgent medical benefits, it can pay for losses incurred during your trip as a result of covered medical and dental crises. Emergency medical transportation benefits may cover medically necessary transport to the nearest appropriate medical institution, as well as the expense of returning home after a covered injury or illness.

Therefore, if you are wondering if medical insurance is worth it, you really need to weigh up the difference in cost of paying for insurance and the possible fees you may have to pay for medical care when travelling

Protects You From Minor Mishaps

Vacations are an investment in your pleasure. And when that vacation begins with a cancelled flight, a missed connection, a lost bag, or another travel snafu, that wonderful travel sensation vanishes.

Travel insurance can help to alleviate these circumstances. Travel delay benefits may compensate you for additional lodging/travel expenditures as well as lost prepaid fees if your flight is delayed by six hours or more. If your baggage is delayed or misplaced by a common carrier for 24 hours or more, baggage delay benefits may pay you for the additional charges of essential items during your trip. Several other benefits cover other frequent travel blunders, so check your plan to see what's covered. So, if you are planning on purchasing special holiday clothes or equipment such as EcoGearFX, having insurance in place can help you to protect this. 

It’s Advised 

What should you do initially if you are in an emergency situation abroad? Most American travelers seek assistance from the local US embassy, but they are frequently dismayed to learn that the embassy's capabilities are limited. They can aid you in replacing a stolen passport, contacting relatives or friends in the United States, locating medical or legal support, communicating with local police, and connecting you with numerous resources. However, an embassy cannot pay for your medical care, offer emergency transportation (unless in rare, serious disasters), or cover any other financial damages you incur while traveling.

That is why the State Department recommends that all American travelers carry travel insurance, specifically travel insurance that includes emergency health benefits, medical emergency transportation benefits, and insurance for other unexpected expenses such as trip cancellation and lost or stolen luggage.

It’s helpful to get your money back

In the case where a holiday needs to be canceled or there’s a bad experience that has been had that warrants getting money back, insurance can be useful to have in place.

While some insurance providers might not pay out, having it in place, opens up opportunities to take legal action if you feel you’ve been unfairly dealt with. For example, an insurance claim denial lawyer is an option available when insurance is taken out.

It’s Easy To Find For A Reasonable Price

The most common reason people do not purchase travel insurance is cost. We comprehend! If you've already spent thousands of dollars on a long-awaited cruise or resort holiday, it's difficult to justify spending any more on insurance.

Insurance can actually be really affordable, you just need to shop around. When you get a quote for travel insurance, you can find one that fits in with both your trip and your budget. You need to make a note of everything you need to be covered for including excurtions and other activities while you are away, how many people need to be covered, and how much money you need to be covered for your spending money. If you are on a absolute budget it is possible to just cover the minimum of just covering the cost of your holiday, however, it is definitely worth considering an insurance to cover medical expenses. This is one of the most common mistakes people make when travelling, because you never expect to be in the hospital when you are going away. It’s definitely one of the most expensive mistake to make. 

Getting a quote for your next trip and then comparing policies is the best approach to locate a low-cost travel insurance package. Remember that if you are dissatisfied, you may have some time to request a refund and choose an alternative policy.

As you can see, there are many reasons you should make sure you have a travel insurance for your next holiday. What are your thoughts?