Travel insurance offers may be quite familiar to you if you are frequently  buying flights. Most people quickly dismiss the idea and go about their business because they think extra coverage is not needed.

But don’t be dismiss the idea without considering your circumstances. While trip insurance is not always a good idea, there are times when it can come in handy.

Travelers jumping excited for travel

What is covered with travel insurance?

While coverage varies from different carriers, travel insurance policies generally cover:

  • Trip cancellation due to weather, sickness, airline bankruptcy/strike, or terrorist activity.
  • Medical expenses incurred while in a foreign country. For example, if you get sick at an all inclusive resort, you may discover that your medical plan does not cover foreign care or that the coverage is very limited.
  • Baggage and belongings that are lost by airlines, stolen, or damaged.
  • Accidental death and dismemberment if you are seriously or fatally injured while on vacation.

When should I buy travel insurance?

  • The trip is your honeymoon or a once in a lifetime vacation.
  • You are traveling to an area where weather is a concern. The small investment will be well worth it.
  • If you or family members are elderly or sick, you may need medical attention while on vacation. Likewise, if you are planning to take part in potentially dangerous activities, like rock-climbing or cliff diving.

The world of travel insurance

When should I NOT buy travel insurance?

  • Your trip is inexpensive and is not likely to be canceled or delayed.
  • Everyone on the trip is young and healthy.
  • There is no plan of dangerous activities like rock climbing, bungee jumping, etc.
  • You have flexibility to change your trip if an issue does occur.

Summary

Evaluate the trip, your state of health, the location, and the weather, and then decide! Check with your credit card companies to see what kind of free insurance they offer. Sometimes you don’t need an extra policy at all!

Reputable Independent Travel Insurance Companies:

Happy Traveling!