Introduction:
If you're planning a big trip, one of the things to think about is travel insurance. Travel insurance is somewhat rare, but it can be helpful if you're going on a big trip or will be traveling with your family or a lot of expensive stuff.
The cost of travel insurance varies depending on how long the coverage lasts and how much it insures, but in general, it should be relatively inexpensive for short periods of time and get more expensive as the coverage goes on longer (maybe even doubling). It's probably not too expensive for shorter trips -- but it can get pricey for longer periods of time. If you have credit card insurance, you may not need to purchase additional coverage.
If you're planning a big trip, one of the things to think about is travel insurance.
If you're planning a big trip, one of the things to think about is travel insurance. Travel insurance can be very helpful in some circumstances and not at all in others.
If you're planning on traveling abroad, it helps if your passport is valid for at least six months after your return date. That way, if anything happens while you're away (like being robbed), they can still get their hands on it and issue an emergency replacement card that will allow them access to other countries without having to wait until its actual expiration date.
Travel insurance policies sometimes come with benefits like emergency medical coverage or baggage coveragebut remember: those aren't required by law! They're just perks offered by some providers as part of their contracts with clients who have paid upfront for everything else they need when going abroad; so if there are no restrictions on what services/items are covered under these policies then why would we need them?
Travel insurance is somewhat rare
Travel insurance is somewhat rare, but it's not unheard of. About 15% of Americans have purchased travel insurance in the past year, according to a report from the U.S. Department of
Transportation's Federal Highway Administration (FHWA).
The most common reason people cite for purchasing travel insurance? They think they're required by law to buy it or they're worried about losing their money if something goes wrong during their tripthe same reasons that many people who get into car accidents happen to have cars with uninsured driver coverage on them at the time of impact and therefore do not need bodily injury coverage in order for them to file claims with their auto insurer afterward.
But there are some important things you should know about buying travel insurance:
You may want to consider a travel policy if you're going on a big trip or will be traveling with your family or a lot of expensive stuff.
If you're planning on traveling more than once a year and have expensive belongings, it's important to know what your insurance covers. For example, if one of your trips is going to be in Europe for several weeks and involves a flight across the ocean, then maybe it's best not to purchase travel insurance for that trip.
In general, thoughand especially when it comes time for vacationwe recommend purchasing an affordable policy that covers some basic items (like medical expenses) if:
You're traveling with family members or friends who also want protection against accidents while they travel with you; or The trip is longer than five days; or You own expensive items (like TVs).
The cost of travel insurance varies, depending on how long the coverage lasts and how much it insures.
The cost of travel insurance varies, depending on how long the coverage lasts and how much it insures. The price you pay will also depend on your age, destination, and other factors.
Travel insurance policies can be bought directly from insurers or through brokers who provide advice about what is included in a policy (and what isn't).
It's probably not too expensive for shorter trips -- but it can get pricey for longer periods of time.
The reality is that it's not too expensive for shorter trips -- but it can get pricey for longer periods of time. On the other hand, if you're planning on traveling for a few months or more, the cost of an insurance policy may be worth it because there's more risk involved in covering your trip.
If you're looking at plans that cover up to 30 days away (or less), then they're likely going to cost somewhere between $20 and $50 per month; anything above 30 days will cost around $75-$150 per month depending on how much travel coverage you need.
If you have credit card insurance, you may not need to purchase additional coverage.
If you have credit card insurance, you may not need to purchase additional coverage. Some credit cards offer some travel insurance coverage in the fine print of their policies. If your card doesn't provide this type of coverage, consider bringing along a separate policy from another provideryou can compare policies at sites like insuremytrip and InsureMyTrip.
If you do want additional protection for purchases on your plastic, find out if there are any special offers available from companies that specialize in providing such services (for example,
World Nomads has great rates).
Travel insurance is often not needed but it can be helpful in some circumstances.
Travel insurance is often not needed but it can be helpful in some circumstances.
•If you are traveling with children, travel insurance will cover the cost of medical care if you need to be taken to a hospital.
•If you are traveling with children, travel insurance will cover the cost of medical care if you need to be taken to a hospital.
•If your trip involves expensive items like electronics, jewelry or artisan crafts, and/or antiques, travel insurance will help protect these items from being stolen or damaged during your trip.
You may want to consider buying travel coverage for high medical costs in certain areas of the world where illnesses are more prevalent than others (like tropical climates). This type of coverage may also include evacuation assistance if an emergency situation arises while on vacation (such as a hurricane).
Conclusion:
So, what's the best way to decide if travel insurance is necessary? You might want to keep in mind that it's always a good idea to have some sort of insurance coverage on your trips. Even if you don't think you need it, there's no harm in getting something just in case. But if you're really not sure whether or not your trip will be worth paying for this type of policy, then maybe it would be better just not to take any risk at all.
0 Comments