Vacations can be an expensive undertaking, and most people are looking for ways to cut costs without cutting into the fun. Unfortunately, travel insurance is one area that some people cut thinking that they don’t really need it. However, travel insurance is more important than most people realize. If the rest of the vacation includes advanced deposits, purchasing tickets that are non-refundable, or traveling overseas, trip insurance is more important than ever.
What Does Travel Insurance Cover
Travel insurance can be personalized for each trip. It can help cover the money lost in the event that the traveler has to cancel their trip. Situations such as an illness, family issues, or job problems can all be cause for cancelling a trip. While traveling, medical issues can also come up such as an injury or illness that causes the trip to get cut short. Lost luggage or stolen possessions can also ruin an expensive trip if they are not covered by insurance. One huge reason many people purchase trip insurance is because of the uncertainty in the airlines industry.
Coming into the summer months when the majority of Americans take their vacation, the news has been filled with headlines about the airline industry and how they have been struggling with customer service and other issues lately. The airline industry is not as secure as it used to be. One main reason to get insurance is to protect yourself in case the airlines will not or can not honor your ticket for reasons such as a strike. Depending on the policy, insurance could cover trip cancellations, trip interruptions, trip delays, or missed connections. When you file a claim, the policy could help cover your financial losses or additional expenses incurred.
If an airline can not or will not honor your pre-purchased ticket in the event of an strike, generally travel insurance will cover you as long as you booked your flight and purchased the insurance before the unexpected strike dates were announced. This is why it is important to buy trip insurance as soon as you book your flight. If a strike is announced (or expected) before you purchase your insurance, you will be ineligible for travel insurance coverage for that scenario.
Travel insurance should be a necessary part of every vacation budget. It is the best way to protect your investment in expensive airplane tickets and other aspects of traveling. Every policy is different, so be sure to read the entire policy so you know exactly what is and what is not covered. Travel insurance can ensure that an unexpected event such as an airline strike will not ruin your entire vacation.