Is travel insurance really necessary?
Traveling is already expensive enough, isn’t it? The cost of airfare, cruises, hotels, ground transportation, food, activities and entertainment is already high enough. I don’t know about you, but I work hard for my money and when I travel I want to keep my money in my pocket as much as possible. Is travel insurance a necessity or a luxury? Why not cut some corners here and there. Why buy something if it’s not really necessary?
My personal answer is, of course, that I am not independently independent and cannot bear the potential financial losses that I would have to bear if I needed medical attention while traveling. Not being autonomously wealthy also means that you are on the market for adequate but cheap travel insurance. I suspect you are in the same location, so you also need cheap travel insurance. If you are still not sure about this, consider the following.
Did you know that if you get sick or injured while traveling abroad, your medical plan may not cover all the expenses you will have to bear? If the costs of the treatment are higher than the maximum of the medical plan, you will be responsible for the difference, unless you have already purchased travel insurance. In fact, you may not even be hospitalized in some countries without proof that you have health or medical insurance.
This applies to everyone, regardless of age or duration abroad. Let’s say you get sick only a few hours after arriving at your destination. Or suppose we go on a day trip to another country and get injured in a car accident. Or suppose that one of your children is part of a group that makes a class visit abroad, suffers food poisoning and requires hospitalization. In all cases, without adequate travel health insurance, you will be liable for costs above and beyond the limits of your existing medical plan.
Therefore, before going abroad, you must make sure that you are adequately covered by travel medical insurance that will not make you lose your budget. You should check whether adequate coverage is already available to you through your medical plan, employee benefits or even through a credit card. If the coverage is sufficient for your needs, you can enjoy the trip without incurring the extra costs of travel insurance. However, if you are unsure of your coverage or if your coverage is inadequate or non-existent, the next step should be to research and purchase the necessary travel insurance coverage.
How much can you expect to pay?
When I purchased my first flight ticket to China a few years ago, it cost around $ 2000 return and my travel insurance cost me over $ 500 because I had not made online purchases for cheap travel insurance.
A few years later, a little older and wiser, and my travel insurance for another trip to China cost me a lot less – about $ 300 for about the same coverage. The difference? Before buying my travel insurance for the second trip, I made online purchases and got the coverage I needed, at the right price. If I had purchased my travel insurance for this last trip from my travel agent, it would have cost me about $ 600 for the trip and my plane tickets would have only cost $ 1,500! It’s not exactly the smart way to go.
So how much will it cost you? Not as much as it will cost you if you get sick or injured abroad and you don’t have any travel insurance coverage! This is the obvious answer to the question.
In fact, how much the travel insurance costs will depend on your age and the type of coverage you choose. Basic policies cost only $ 5.50 USD per $ 1000 of coverage. On the other hand, you can expect that a full coverage policy will cost you 7 to 10% of the cost of travel, depending on your age. The older you are, the more you will pay. Regardless of the cost of the policy, however, it will certainly be much less than the cost of medical evacuation!
The good news is that you can easily, comfortably and quickly research and locate excellent yet inexpensive online travel insurance and cut costs while making an informed purchase. This is much better than taking what is offered to you by the travel agency because you can choose from hundreds of insurance companies and travel policies and save a lot of money in the process. One place where you can start your search is Travel Insurance Central, [http://www.travel-insurance-central.com]
What you should consider when buying travel insurance
To help you research, here are some tips to help you make an informed purchase.
1. Consider the worst case scenario. If you can financially resist the worst case scenario, maybe you don’t need travel insurance or maybe you don’t need a global policy.
2. Make sure that the policy you are considering provides adequate medical / dental coverage, including coverage for medical evacuation in case you need medical attention in a place where the best treatment available is below the standards you are used to in your country. This can happen if you get sick in a developing country or even on a cruise ship.
3. Check your existing insurance policies for possible coverage. It makes no sense to pay more for what you already have in your property or tenant policy, such as theft and loss coverage.
4. If you are a frequent traveler, you should consider annual or year-round travel insurance policies. They are sometimes called multi-trip travel insurance policies. Whatever the name, these policies can be relatively inexpensive when compared to single-travel travel insurance policies.
5. Know what you are buying, so read the fine print. Make sure you understand what the company considers a legitimate reason for cancellation or termination. If the list is too restrictive, perhaps you should consider another policy.
6. Don’t just buy from your travel agent. He will probably only have one company product (s) available and it’s there for your convenience, but that convenience can be quite expensive!
7. Ask many questions about coverage. Play the “what if” game. Ask for clear explanations on terminology. Make sure that you and the travel insurance company speak the same language.
8. Do not purchase insurance through the transportation service provider. If the airline goes bankrupt, how adequate will your insurance coverage be?
After purchasing your travel insurance
Remember that your travel insurance policy covers you between specific dates, so don’t start your journey early or extend your journey without first changing the travel insurance coverage dates. Sure, this may cost you more, but it’s cheaper than finding you without coverage when you need it most.
Furthermore, it is almost obvious that you should bring your travel insurance policy with you when you go abroad. You cannot consult politics if it is sitting on the desk at home. You should also bring your travel insurance company’s free support phone number and other contact information with you wherever you go. It doesn’t do you any good if you get sick or hurt and the necessary political information is contained in your hotel room. It is also a good idea to bring your regular medical insurance cards and information with you.
I hope these tips will help you with the best travel insurance for you. So make your trip with the peace of mind that comes from knowing that you are insured by the right travel insurance policy at the right price. Have a good trip!