Should I Purchase Travel Insurance, Travel Tips

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

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

The most common situations when el insurance comes in handy are:

Your ht is canceled

Your passport and wallet are stolen

You require medical treatment while abroad

You need to cancel your trip due to illness

An uncted hits your destination

Your airline/cruise line/tour company go bankrupt

Reasons NOT to e el insurance are:

You’re afraid of terrorism

A 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 ht is delayed for so long that you want to cancel

One major caveat: Never e el insurance from the same or cruise line with which you’re eling. If that company goes out of business, there may not be money to cover your claim. Use a third-party provider (that includes el agents).

Also, don’t forget about medical insurance. Even if you are covered for basic emergency care overseas, in almost all cases, your health insurance does NOT cover you to evacuate you and fly you back to the U.S. Something called “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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