Traveling is all about having the freedom to explore the world. Unfortunately, in one’s quest to satisfy their wanderlust, topics such as travel insurance can instantly take the fun out of things. But purchasing trip insurance is an important decision that must be considered carefully before ever setting foot on foreign ground. Some insist that everyone should have some form of trip insurance for every new adventure, but is it really necessary?
In the grand scheme of things, traveling without coverage is comparable to driving without car insurance. Everyone is aware of the implications of driving without car insurance. From a loss of financial stability or losing the privilege to drive, having appropriate coverage is the law.
When traveling abroad, travel insurance is a must even though it isn’t mandated by law. Not only does it provide protection in case of illness or injury, but it can also cover medical expenses, dental bills and emergency evacuations. Further, it can help to reimburse your trip costs if you need to cancel your trip for a covered reason.
Generally speaking, when you travel, coverage from Medicare and your domestic health insurance will not cover you when you are outside of the United States. Travel insurance provides an extra layer of protection for unforeseen sicknesses, injuries and accidents, which the vast majority of standard health insurance policies cannot.
Emergency Evacuations and More
Depending on where one is traveling, there could be a risk of inclement weather or even the need to evacuate due to a natural disaster. Having the appropriate coverage can be the difference between a life and death situation.
But having insurance coverage can also cover other unforeseen events such flight and train cancellations due to inclement weather or mechanical malfunction. In the event of lost or stolen luggage, having adequate trip insurance can help recoup some of the loss.
Additional Benefits of Being Insured
In the unlikely event that something goes wrong, the cost of trying to get home, or even having to forfeit vacation plans altogether necessitates the need for a backup plan.
In the case of an emergency, many insurers offers clients other benefits such as free 24/7 telephone assistance. Whether it’s locating the nearest pharmacy of helping to replace a lost passport, having that extra assistance is worth every penny.