If you have travel plans this holiday season, or extensive travel plans during any other time of the year, you will want to always consider the benefits of travel insurance as part of your preplanning. We’ll take a quick look at five immediate perks it offers so you can better understand why it makes sense for those who like to travel often.
- Missed trip: After all of that planning, you stand to lose a ton of your hard earned money if you are unable to make that trip. From hotel cancellation fees to plane tickets, area attractions and even that rental car. But travel insurance usually has clauses that will reimburse you for these expenditures should your trip be missed or cancelled.
- Trip interruption: If you opt for the right amount of coverage, you can also be reimbursed should your trip be interrupted. This could include a broken down rental car, problems with the cruise ship, natural disasters and even bad weather. It’s always worth considering this option for tropical vacations.
- Trip cancellation: If your trip is suddenly cancelled and it had nothing to do with you, good travel insurance benefits also often cover this situation as well. Things that can qualify generally include weather related issues, transportation or airline issues and others. But make sure you understand what is covered and what is not by reading the terms of the travel insurance you are looking at.
- Lost or stolen luggage: It happens every year. Millions of pieces of luggage are swiped from airports and cruise ships. Typically, this happens when you least expect it to. Depending up the coverage that you have, your plan should cover your luggage and the contents within. But there could be limitations or deductibles that you should be aware of, so make sure you understand all the terms first.
- Medical problems: Depending upon what part of the globe that you are traveling to, your medical insurance may or may not provide coverage. Always make sure you know. If coverage is not provided, you can add this invaluable benefit to your travel insurance plan. It can cover accidents, illnesses and medical emergencies so you are not out of pocket should the unthinkable take place.
When looking for travel insurance, make sure you reference the agency with your state to assure they are a licensed provider. Look up recent reviews and find out what real travelers had to say. Also, assure they retain a quality BBB rating and offer competitively priced plans, and you can know you’ll be covered on that next trip abroad.