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Forums » Health, Safety & Travel Insurance » Travel Insurance

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madaly

Travel Insurance

by madaly »

In what cases is travel insurance really worth it? I don't usually buy it...but on flight booking websites it always stresses me out when they offer it, just the possibility of something happening

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Captain Larry

RE: Travel Insurance

by Captain Larry »

In Response to Travel Insurance:[QUOTE]

In what cases is travel insurance really worth it? I don't usually buy it...but on flight booking websites it always stresses me out when they offer it, just the possibility of something happening

Posted by madaly[/QUOTE]

That's why they call it "insurance". If you knew something bad was going to happen, you wouldn't need insurance -- you just wouldn't book the trip in the first place. If the thought of something bad happening stresses you, you need insurance. Insurance won't prevent the bad thing happening but will make your life a bit easier if it does. When my father was selling life insurance he used a simple illustration: "You're saying 'I bet I'm going to die'; the insurance company is saying 'I bet you won't.'" Travel insurance is you saying "I bet something bad is going to happen" while the insurance company is saying "I bet it won't."

To me, travel insurance is not an expense, it's an investment in peace of mind. I have collected on two trip cancellations (1997 and 2005) and on trip delay (2006). So, I'm a believer.

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madaly

RE: Travel Insurance

by madaly »

Thanks, Captain Larry! That's definitely one good way to look at it

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billiv

RE: Travel Insurance

by billiv »

Check your credit card.  Some include travel insurance if you book your entire trip with the card.  We never buy it as we have such a card, and out medical insurance covers us overseas.

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cargo13

RE: Travel Insurance

by cargo13 »

Travel insurance policies allow for selecting the coverages based on your needs.  

1. If you are buying your trip far out and there is risk of cancelling/changing plans, then buy CFAR (Cancel For Any Reason).  Zika has recently made CFAR very popular.  

2. Most middle aged travelers want the medical coverages because US health insurance does not cover outside the US.  

3. Frequent travelers want the lost, delayed, baggage coverage.  

4. If you are going to out of the way destinations, check for a concierge or travel assistance option.  

 

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billiv

RE: Travel Insurance

by billiv »

Some US health insurance DOES cover outside the US.  Check with your insurance provider.

Some credit cards also provide concierge services if you use the card to book your trip.

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billiv

RE: Travel Insurance

by billiv »

Just a bit of an update on health insurance coverage for people with Medicare: some Medigap plans include coverage outside the USA.

Reminders:

Always read the fine print--many so-called "emergency evacuation" plans sound good in the big print on the front page, but when you get to the fine print somewhere deep inside, you might find that the "emergency evacuation" is only to the nearest medical facility to where you are injured or become ill--not back to your home country.  Make certain that the "evacuation" covers where you want to go.

Absolutely read all of the exclusions.

If there's something at all unclear to you, ask.  Don't be shy about it. Believe it or not there are actually some companies that use vague or somewhat confusing language on purpose.

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