A travel insurance plan is one of the most important aspects of a vacation that you can purchase, whether you only require temporary insurance coverage or you are traveling for several months. Without an adequate travel insurance plan in place, you run the risk of losing your hard earned money that you have saved up to book that dream vacation. As well, you may find yourself stuck in a foreign country without adequate health care or funds to return home.
Trip cancellation and interruption is one of the most important coverages you can purchase if you plan on traveling anywhere outside of the country. This insurance should be purchased at the same time that you put down the deposit on your vacation. Airlines and tour companies impose cancellation fees on travel products that increase as the departure date comes closer. Eventually, the flight, cruise, or vacation package will be totally non-refundable. If you need to cancel your trip prior to the departure date for an insured reason, then you can recover the costs that you have spent. For example, if you, a traveling companion, or a family member should become ill, injured, or pass away, you can cancel your trip. Without travel insurance, you will lose the non-refundable amount. This insurance also covers if you have to cut your trip short and return home early for an insured reason. Without cancellation insurance, you would be responsible for the cost of a one way ticket home and you would lose the unused portion of your trip.
Emergency medical insurance will cover you for any emergency medical expenses that you may incur while traveling abroad. This can be anything from having to get stitches for a cut, setting a broken leg, getting emergency surgery, or being treated for food poisoning. There are some exclusions that travelers need to be aware of such as participating in dangerous activities or being injured while committing a crime.
One of the worst things that can happen while on vacation is having something happen to your luggage. Baggage insurance will cover loss, damage, or delay to your luggage. It will allow you to purchase clothes and toiletries up to a certain dollar amount to hold you over until you receive your luggage.
Before you put down the deposit for your vacation or book that airline flight, you should always inquire about travel insurance coverage. This is one of the most important purchases you can make. Not only will you be covered financially and medically, but you will have peace of mind both before you travel and during your vacation knowing that if any emergency arises, you will have protection.