You’re all set for your next vacation. You have your passports ready, your itinerary figured out, and your tickets booked. However, have you considered a travel insurance policy? Frequent travelers usually know the importance of trip insurance for an international destination, but it’s also helpful for domestic trips. It can help you save on trip costs, prevent financial loss from theft, and get you refunds from unforeseen trip cancellations.
Travel insurance is a financial investment that will help you save money in the event of a medical emergency, baggage delays, or trip cancellation. You will also have access to better assistance services and a 24-hour hotline. If you’re still weighing the pros and cons, read on to see why you should acquire travel insurance for your next trip.
1. You may lose your belongings.
Like most people, you probably plan your vacation wardrobe carefully. You pack your best trouser pants and dress shirts for a business trip. If you’re going to the beach, you pack swimwear and all your favorite dresses and sandals. On romantic trips, your suitcase has sexy négligée and your favorite panties.
You’ve thought of everything you’ll need on holiday, and then some. And then you reach your destination, and your suitcase is missing. If an airline has ever lost your luggage, you know how painful this can be. The airline industry loses millions of bags a year, so it’s best to have some protection. You can’t recover your wardrobe or your other belongings if you lose your luggage. However, travel insurance is an excellent way to avoid losing their cash value. So, at least you’ll get some compensation for your loss.
You can also add baggage delay or damage benefits to your insurance policy. It will help you repair damaged goods and reimburse you for things you may have to buy while waiting for your bags. Before you pick an insurance plan, compare your options online with iSelect. This way you can get the best deal and ensure you have the best coverage for your vacation. Remember, an insurer will require proof that you were not responsible for this loss. So, keep all travel tags and receipts. If someone steals your luggage, file a police report, and add it to your insurance claim.
2. You may need medical care.
Have you added travel health insurance to your insurance policy? No one wants to fall ill when they’re on vacation, but if you do, a travel insurance policy will be a huge help. Comprehensive travel insurance can offer medical coverage for several destinations. It also helps with accidents and injuries.
Your regular health insurance may pay for some medical expenses, but there are several exclusions. Your medical bills may skyrocket depending on your condition and the medical treatment you receive. It’s also important to note that some health insurance policies does not cover international travel at all. So to avoid high costs, it’s best to go with a travel health insurance policy. Comprehensive coverage is an excellent way to ensure you won’t have any issues during a medical emergency.
3. You may have to cancel your trip.
Your travel plans may change at any time for many different reasons. You may have medical conditions or a sickness that makes you unable to travel. International travel restrictions can lead to the cancellation of trips like cruises. Or you may have a family or work emergency that forces you to change your travel dates.
Whether your trip delay is due to medical conditions, personal emergencies or a crisis like COVID-19, trip insurance is essential. It can help ensure you recover some of the trip cost. You can get a refund on hotel reservations and airline tickets. You can also get deals when you reschedule your trip. Some trip insurance policies even offer compensation for non-refundable bookings.
Make sure you research different companies and plans before you pick an insurance policy. Comprehensive coverage is usually the best option, but you may want to add other benefits. If you don’t know what to choose, ask a professional to help you sort through your options.