Travel insurance. It’s a topic that has been getting a lot of attention lately. Whether it’s an article questioning it’s worth or travel insurance tips, it’s a topic that deserves to be discussed. Travel insurance is important for a variety of reasons, and it is designed to protect you in three ways: 1) to reimburse you for your financial investment; 2) to protect you against the costs incurred during your trip for medical expenses, a medical evacuation, services to assist you in an emergency situation; and 3) to protect against loss, damage or destruction of your personal belongings.
Let’s face it. There’s a lot of things that are out of control when we travel. Flight delays, unexpected medical issues and family issues are just a few of the things that can disrupt your vacation. With that being said, remember that many of your travel arrangements may be either non-refundable or subject to strict cancellation penalties. The lowest cost airfares, cruise and land packages generally include significant penalties if you are unable to actually take your trip. If you experience an unexpected hiccup in your vacation, travel insurance can provide the coverage you need to make sure your travel investment is covered.