Traveling is food for the soul. Whether you frequently travel for work or for pleasure, any seasoned wanderlust knows that the unexpected can happen at any point during your trip. Weather delays, unexpected illnesses, an event that causes you to need to cancel or postpone your trip- all these things can cause your travel plans to be thrown to the wayside at the very last second. The problem, however, is that a change of plans can be extremely costly to a traveler. But travel insurance helps to cover those costs of unexpected changes. And just like other insurances- like that for your house or your car- there are companies out there that offer different levels of insurance for your traveling needs.
There are several different types of travel insurance available to occasional and frequent travelers. The most common one is flight insurance, often offered by airlines in case you have to change your flight last minute. However, for frequent travelers this can be costly because it is paid for on a per flight basis. Travel insurance is much like car insurance- it is paid for via your premium to cover any unexpected travel “accidents” (missed flights, last minute changes in travel plans, etc). Here are 10 reasons you should consider buy travel insurance:
Someone gets sick, and you have to cancel your travel plans. There is an unexpected accident and you can’t go on your trip. You have to reschedule travel because of work or family needs. You need to get home sooner than you planned because your wife is in labor seven weeks early. Whatever circumstance that may cause you have to have to cancel or reschedule a planned trip, travel insurance will cover you.
Many travelers think that they don’t need travel insurance. They see it as an extra cost that isn’t necessary, especially when travel in and of itself is already costly. But imagine needing to cancel your trip or that you need emergency medical attention while you’re in a foreign country- without travel insurance, situations like this might cost you thousands. A simple premium with travel insurance is must cheaper.
Lost your luggage on the way and need to purchase new clothes and necessities? Lost your passport and need to expedite a new one to you? Travel insurance can help to cover this issues.
Getting sick isn’t limited to when you’re home and near your doctor. Although it can ruin your trip, getting sick while traveling isn’t uncommon. If you need to seek medical attention while traveling, travel insurance can help to buffer the cost of this.
Traveling overseas can cause a whole new set of rules for travelers. It is much harder for your health insurance to cover medical costs when traveling overseas. Language barriers and unknown locations can be nerve-wracking when you have an emergency. Issues with car rentals, hotels, or other transportation and stay issues can be handled by your travel insurance company as well.