As travel becomes more affordable, many people are wondering about the necessity of travel insurance. According to the U.S. Travel Insurance Association, approximately 10% of Americans purchase travel insurance. But how do you determine whether it’s right for your trip? Here are a few things to consider before making the investment:
- It is often pretty affordable.
One compelling reason to purchase travel insurance is that it’s a pretty minor cost in comparison to the rest of your getaway. This relation is especially true if you’ll be traveling internationally and won’t be covered by your health insurer in the event of an accident or illness. Though the likelihood of losing your passport and luggage is relatively small, it’s better to have peace of mind than to end up in a foreign country with no official ID or clothes.
- It might be covered by your credit card.
If you’re booking in advance on your credit card, there’s a good chance that your travel is already insured. Check your card’s travel protection policy to be positive, and make sure to purchase any additional insurance you may need.
- It could be as easy as downloading an app to your phone.
It’s good to have your travel insurance policy on hand in the event of an emergency, but it can be difficult to keep track of forms while traveling. Thankfully, more travel insurance companies are developing apps that allow customers to access their policies directly from their smartphones. If you want to check and see if something’s covered or to extend your policy, insurers like Travel Guard and Allianz have easy apps for you to use.
- It is useful for both international and domestic travel.
Although vacationers more commonly purchase travel insurance for extended trips or international travel, it can also help when traveling domestically, especially when you’re booking far in advance. While it’s probably not necessary for budget flights, it might be a good idea if you’re traveling during harsh winter months when your flight could potentially get canceled. Also, misplaced baggage can derail even a short trip, and travel insurance can help you quickly replace items. In addition, traveling while sick is not only a hazard to other passengers, but the air pressure inside the cabin can exacerbate sinus issues. Travel insurance allows you the option to postpone your trip so that you can travel when you’re feeling your best.
- It will give you peace of mind.
There’s no denying that travel has become a more high-risk activity in recent years, especially with many of the world’s famous cities experiencing terror attacks. In addition, even the most beautiful locales experience inclement weather from time to time, including devastating hurricanes. Travel insurance not only provides a safe exit to those caught in the midst of a disaster, but it also gives the option of changing travel dates without incurring additional costs.
We never plan for our trips to go off the rails, but travel insurance can allow us to recover quickly and ensure a stress-free vacation!