Many people love to travel, but it can be difficult to schedule a trip and feel safe while you’re away. Not only that, but unexpected life events or health issues can always pop up and interfere with your plans. For these reasons and many others, it can be a good idea to invest in travel insurance before your next vacation. However, many people don’t understand what travel insurance is or why it can be so useful to have in case something goes wrong while you’re in a different state or country. If you’re considering traveling soon or have a trip booked, read on to learn more about the best travel insurance you can buy.
What is travel insurance?
Before deciding if you need insurance, it’s important to understand what it is and what it covers. Travel insurance is an insurance product designed to protect you from unexpected expenses incurred while traveling or after you’ve booked travel. While many people don’t bother with insurance, it can be incredibly useful for frequent travelers.
Sickness, injury, or death in the family are typically covered, especially if the incident results in a financial loss. It also protects you against theft or loss of your baggage and passport. Emergency evacuation expenses and medical expenses are also usually covered, though some policies may require that you pay extra for medical coverage.
Travelers Insurance is the second-largest issuer of personal insurance policies in the U.S. and a great option for anyone looking to get covered before their vacation. Though the majority of their business is in the United States, they also have international offices in several countries, including the United Kingdom and Canada. Travelers is known for providing fantastic customer service and innovation within the insurance field. Any company that’s been in business for over 150 years has to be doing something right.
What are the benefits of purchasing insurance for travel?
There are a number of reasons that it might make sense to purchase insurance before your trip. Peace of mind is one of the primary benefits of travel insurance. While no one wants to believe something bad will happen on their trip, it can make the entire experience less stressful to know that you’re covered.
Many travel insurance policies also include medical coverage or allow you to add medical insurance for an additional fee. This can be essential if you have a medical emergency in a foreign country. Without insurance, a medical evacuation can cost upwards of $200,000 depending on the country you’re in and the distance to a hospital. Medical expenses for treating even minor issues in a hospital outside the United States can be significant. Medical insurance can give you peace of mind in case someone gets hurt.
The State Department advises Americans to purchase travel insurance before going on a big trip. While the U.S. Embassy can help with a variety of travel issues, there are a lot of areas where there isn’t much they can do. An embassy can’t pay for your medical care, provide you with emergency transit (except in extremely rare circumstances), or take care of your financial losses.
Everyone knows that it’s important to stay safe when you’re traveling, but it can be tough to define what that means in practical terms. One specific step any traveler can take to give themselves protection and peace of mind is to invest in travel insurance. An insurance policy can guard against financial losses and theft, and cover you in the event of a medical emergency. Whether your concern is changing plans or a health issue, or you just prefer to be cautious, insurance can be a sound investment. There are significant benefits, especially for anyone with health concerns or a busy schedule, to making sure you have a travel insurance policy before your next trip.