When you’re traveling, chances are your main focus is on enjoying your time to the max, seeing new and interesting sights, eating local food and experiencing a new culture. But oftentimes, one mishap can turn a completely positive holiday upside down- a missed flight, stolen bag or passport or even travel company going bankrupt are all risks that you take when you travel. For these reasons, many travelers opt for travel insurance to protect them from the worst case scenario. Here are a few tips to get you on the way to picking out the right travel insurance for your trip:
Why Travel Insurance? Of course we know that insurance protects against stolen baggage and belongings, but imagine some of the following other scenarios: A family member comes down with the flu the day before you’re scheduled to depart on holiday, and they can’t fly. That’s a lot of money gone on a plane ticket that can’t be used! Or a massive storm wipes out the beach where you’re staying in a resort, and you’re forced to evacuate. Wouldn’t you want to recover the cost of your stay? Travel insurance protects against all the unexpected problems that can come up while traveling, saving you tons of money and stress.
Pick your Categories Travel insurance covers five main areas: medical, flight, baggage, evacuation and trip cancellation/interruption. You’ll usually end up buying a package that has a few of these, and you can always add on policies like identity theft, for example.
Where to Buy You can get travel insurance in a few ways: from a travel agent, an online broker, or from your current insurance provider. Travel agents will usually try to push travel insurance because they earn a commission, but shop around before you choose what to go with.
Before you Buy… Make sure you completely go over what’s covered by your existing insurance before you buy a travel plan! You might find that you have property loss protection that’s still in effect when you travel, or your health insurance offers medical care overseas. Don’t invest in something that you don’t really need if you’ve got the coverage already.
Other Kinds of Insurance If you’re a student planning to go abroad, you can purchase insurance plans for both short and long-term stays. Business travel insurance is great for jet-setting professionals who need protection for laptops and electronics or reimbursement for canceled conferences and meetings. Or even if you leave your pets at home, you can even get pet insurance to protect your furry loved ones.