Is Travel Insurance Really Worth It?


Travel insurance is an important legal contract that we highly recommend to people traveling overseas, or even locally. There are many reasons why people should use a travel insurance to protect themselves and their families. The future is unknown, and we might experience medical emergencies, bad weather unanticipated travel delays and even lost luggage, Here is an insight as to why we need to get a travel insurance.

1. Medical Emergencies and Evacuation
Travel insurance provides you and your family with protection for all your medical costs. You may require medical attention when traveling, and without a travel insurance, you will be liable for your treatment costs. While overseas hospital and medical evacuation (emergency transport home for treatment) costs can easily go over $100,000, travel insurance is the way to go. However, remember to understand the insurance policies before buying one.

2. Protecting your baggage and other personal belongings
Though least important, this is one of the main reasons why most people purchase a travel insurance. If your luggage or any of your valuables is stolen, lost or damaged while traveling, you can be reimbursed for the losses and expenses you will incur. The right travel insurance plan allows you to specify your valuables based on their policies such that they will cover the value in case of a loss.

3. Cancellation or rearrangement of your trip
There are so many elements that are out of your control when you travel. There can be flight delays, illnesses or even extreme emergencies that might force you to return home. Most insurance packages cover you for incidents that might result to trip cancellation. With the right insurance plan, you can be sure of a refund if anything goes wrong.

A good insurance plan also covers you when you come home earlier than stated and then resume your trip. In case of such rearrangements, be sure to read the trip interruption and curtailment terms of your policy to understand the conditions of coverage.

4. Help with personal liability and other costs when overseas
A significant number of travelers experience some kind of trouble when overseas. The right insurance plan will cover you in case you fall ill or are involved in an accident. They will be held accountable for the damage caused; hence covering your liability and other legal expenses. All you need to do is read and understand the insurance cover description policy to ensure you purchase the right one.

Travel insurance is such a lifesaver for your trip. However, remember that not all travel insurance packages are the same. It is therefore imperative and necessary to understand the policy wording depending on your country.