Is Travel Insurance a Waste of Money?

Is Travel Insurance a Waste of Money?

Is Travel Insurance a Waste of Money?

Many travelers usually spend plenty of time planning for the perfect vacation, but they tend to overlook or forget the importance of obtaining travel insurance. One thing you need to know is that travelers are much more vulnerable to accidents and illnesses, especially when they’re traveling to foreign lands. This is the reason why the smart travelers are now turning to travel insurance policies to protect them against unexpected incidences, illnesses, accidents and disasters.

There are 2 main types travel insurance, they include:

  • Trip cancellation insurance – this type of insurance is probably the most common type of travel insurance. It is aimed at protecting the traveler (or policyholder) in case they need to cancel their trip, or miss their cruise or flight, or if they cut short the trip because of mechanical difficulties, weather, or illness. This type of insurance covers the policyholder before they embark on the trip; it protects them in case they booked a trip which requires deposit or a trip that involves something non refundable like a cruise, airfare or hotel room.
  • Travel medical insurance – this type of insurance offers protection should a policyholder get injured or ill while traveling, mostly in the countries which do not accept American Medical insurance. When you are outside the United States, you should know that your medical plan might not cover you everywhere in the world. With travel medical insurance, you will be fully protected, wherever you go.

Although travel insurance can’t help travelers avoid misfortunes when traveling, it offers peace of mind in form of monetary compensation and this can be very helpful in many situations. Travel insurance actually offers lots of benefits for travelers, including:

  • It offers the policyholder financial recovery for the medical expenses which were incurred due to illnesses and accidents; medical treatment can be absurdly costly in certain countries, and travelers who sustain rather serious injuries might have to pay a lot of money in medical bills. With travel insurance, you can get a reimbursement for the amount spent on medical treatment. Some travel insurance policies can also pay for transportation by air or road to a hospital which means you don’t have to pay for the medical emergency transportation/evacuation expenses with your own money.
  • The other major benefit of getting travel insurance, is that it offers protection against your trip cancellation. In case an emergency arises during or before your trip, travel insurance will ensure you get compensation for the losses which result from the trip interruption or cancellation. In addition, it can give you coverage for loss of personal belongings and baggage.

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All promo codes are subject to change or withdrawal at any time without notice. Valid booking window: 12/4/2017-12/18/2017. Valid travel dates 01/01-02/28/2018. Blackout dates may apply. 3-night minimum stay required. Additional restrictions may apply. Promo code discount as follows: Save $25 per adult on air/hotel or land only packages 3-5 nights from Apple Vacations and save $25 per adult on air/hotel or land only packages 3-5 nights from Traveloni. Save $50 per adult on air/hotel or land only packages of 6 or more nights and save $50 per adult on air/hotel or land only packages 6 nights or more from Foremost Travel. Promotional code must be entered at the time of new booking and also that Promotional code not valid for group bookings.

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