The benefits of travel insurance far outweigh the one and only
drawback: money. While most people are already trying to minimize their
vacation expenses, the money you might save is not worth the risks to
which you are exposing yourself. Below are a few of the benefits of
travel insurance that will show you why travel insurance is a must!
1. You Travel Worry-Free
While most people don’t end up needing to use their travel insurance,
it definitely gives you peace of mind. With travel insurance, you have
the knowledge that if something should go wrong, (i.e. you lose your
luggage, have an accident etc.) you won’t be responsible for finding
the money to put it right, at a time when you are already stressed out.
2. Medical Coverage
If you happen to have an accident or medical emergency while on your
trip, the last thing that you want to have to think about is where to
get the money to pay for medical attention or hospitalization. Travel
insurance covers the cost of emergency medical assistance and
treatment. And if wherever you are doesn’t have the treatment you need,
your travel insurance covers the cost of medical evacuation in which
you are transported to the nearest hospital that can treat you (even if
it’s in another country). Once you are finished treatment, your travel
insurance also covers the cost of returning you to your home.
3. Personal Belongings And Baggage Protection
Given that thousands of bags are lost every single day on national
flights alone, it is safe to say that when you travel, there is a good
chance that your bag may be one of them. Travel insurance gives you
cover for these bags and personal items within them, although with an
overall limit. There will be a limit to the amount of cash covered in a
claim, as well as for the amount you can receive to replace all of the
goods in your suitcase. This amount is usually about $500 a suitcase,
so if you are traveling with valuables that exceed this limit, it is
best to take out additional insurance. If you replace any goods before
your claim has been processed you will need to obtain receipts.
4. Legal and Liability Protection
This portion of your travel insurance covers the costs associated with
an injured third party or damage that you’ve caused to their property.
It will also cover some of the legal costs if you come to be involved
in legal action surrounding it.
5. Ability to Modify Coverage to Fit Needs
Many travel insurance policies offer you the option to modify your
coverage. This can be adding on additional coverage in certain areas,
or by removing certain sections of your policy completely.
Be sure to always review your policy before buying any travel insurance. Many providers offer a return period if you are not satisfied with your policy. And please check out our Travel Insurance Quote page where you can easily get several prices for various Travel Insurance packages.