Get Peace of Mind on Your Vacation
Going on vacation can cost a lot of money. It also brings with it a lot of uncertainty. Will you get sick before or during your vacation? Will you lose your luggage or have a credit card stolen? Will you have to be evacuated for war or pestilence? While nobody expects any of these things to happen to them while they are on vacation, sometimes bad things happen. Some people choose to purchase travel insurance in order to give them peace of mind when they are traveling. These are some of the circumstances that you might want to consider getting coverage to protect you from.
A trip might have to be cancelled for many different reasons. You or a family member might get sick. You might lose your job. Your destination might impose quarantine restrictions due to epidemic diseases. Whatever the reason, sometimes vacations have to be cancelled. If you purchase travel insurance that covers trip cancellation, read the fine print to find out what is covered. You may have to pay extra to cover specific circumstances or to cover any instance where you might have to cancel.
No matter where you are traveling, you probably will take some luggage with you. Unfortunately, luggage does get stolen at the airport, in the hotel, and on cruise ships. Luggage also gets lost or delayed en route, forcing you to purchase additional clothing until your real luggage shows up. If you don't want to worry about your finances in case your luggage gets stolen, choose a policy that offers baggage insurance.
Medical and Medical Evacuation
Getting sick on your vacation is no picnic, and getting a serious illness that requires hospitalization is even worse. You may have a health plan that works well when you are at home, but they might not cover you when you are out of the area. Travel medical insurance can help you pay for medical expenses that occur when you are far away from home. In the event that you are seriously injured and have to be medevacked out of the area, medical evacuation coverage can help you get to a hospital that has the necessary equipment to heal you. It could cost you over $50,000 to be flown to a hospital. This can help pay for these medical bills.
There are other types of coverage that some companies offer. Many offer travel assistance. Some policies might pay to send your remains home in the event of your death. Some include collision and damage coverage for rental cars, although your auto policy might already cover you. Others might also give you accidental death insurance, although if you have life insurance, you may not need it. While you may not need extra protection when you take a short road trip to grandma's, it might be a good idea if you are traveling on longer trips to foreign destinations.