5 Reasons Travel Insurance Makes Sense

The following is a guest post.

There are some travellers that don’t consider it important to take out travel insurance, when embarking on trips either domestically or internationally. No matter if your trip is for pleasure or business, it is always wise to cover yourself against life’s unexpected mishaps. Not taking out cover, is a gamble that people usually take because they ‘don’t think it will happen to them.’ If you like the thrill of gambling with your family’s wellbeing while away from home, then for you the thrill of beating ‘the odds’ will outweigh the danger. For the rest of us, here is a quick reminder on why it’s sensible to buy travel insurance.

Medical Expenses

If you are overseas and need treatment for anything from an infection to a major injury, there is a chance that you will have a hefty bill to pay. For Brits travelling in the European Community (EC), even the European Health Insurance Card (EHIC) will only give the holder basic cover that will vary from country to country. For countries such as the US and many outside the EC, there can be huge bills for even the most minor visit to seek medical advice.

Loss of Belongings

For travellers on a budget, there are lots of ways to save money. For example, visits to lots of fantastic museums are free. While it is a great to keep your total budget in mind, not buying travel insurance is false economy. With the amount of high-tech goods such as tablets, laptops and smartphones, most people travel with, it makes sense to protect them against loss or damage. Thus it is vital to take out a policy for these items. You should also make sure that your policy also covers your travel money (cash) as well.

Cancellation Fees

Even though we never want it to happen, there could be a genuine reason you have to cancel a trip or a holiday. A travel insurance policy will include coverage if you need to cancel. The same applies if you need to cut short your holiday due to unforeseen circumstances.

Accident Liability Coverage

If you cause an accident while on holiday, then the policy will pay out. If for example you have an accident skiing and injure somebody the injured party could put in a claim against you for damages. If this is the case, your policy will cover you. Accident claims can often be thousands of dollars so it’s important to have accident liability coverage.

Flight delays

Travel insurance also gives you coverage for delayed flights. It also is there to assist you when you need to pay for another flight should you miss the one that you originally booked due to an unavoidable delay such as traffic or weather delays. These days, travel insurance is cheaper than you think. And that is another reason, why it makes sound financial sense. Have you ever purchased travel insurance for a trip? Image courtesy of: FreeDigitalPhotos.net