Should I Purchase Travel Insurance, Travel Tips

This is one of those age-old questions with no definitive answer. It’s estimated that 30 per of ns e travel insurance, ich is a drastic increase since 9/11, en less than 10 per of s were insured.

If you’re flying on a $150 ticket to see Aunt Irma in Wisconsin, you probably don’t need travel insurance. t on a trip such as yours, travel insurance can come in handy if something unctedly disrupts your trip. Your st step is to compare the cost of the trip versus the cost of the policy.

The most common situations en travel insurance comes in handy are:

Your flight is cance

Your passport and wallet are stolen

You require medical treatment ile abroad

You need to cancel your trip due to illness

An uncted hurricane hits your destination

Your /cruise line/tour company go bankrupt

Reasons NOT to e travel insurance are:

You’re afraid of terrorism

A hurricane is going to hit your destination (this applies if the storm has already been named by the National Weather Service)

Your pet is ill

Your flight is delayed for so long that you want to cancel

One caveat: Never e travel insurance from the same tour operator or cruise line with ich you’re traveling. If that company goes out of siness, there may not be money to cover your claim. Use a third-party provider (that includes travel agents).

Also, don’t forget about medical insurance. Even if you are covered for basic emergency care overseas, in almost all cases, your current health insurance does NOT cover you to evacuate you and fly you back to the U.S. Something cal “Medical Evacuation and Repatriation” insurance comes in handy here. You pay a yearly fee, and if you get sick or injured overseas, the policy will get you treated, stabilized and flown back to the U.S. to the hospital of your choice, not theirs. There are a number of good companies that provide this type of plan, such as MedJet Assist.

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