Travel: This Is When Travel Insurance Is Worth It—And When It Isn’t - PressFrom - US
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TravelThis Is When Travel Insurance Is Worth It—And When It Isn’t

13:07  14 august  2019
13:07  14 august  2019 Source:   rd.com

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When is it worth it to get travel insurance ? What does travel insurance cover? You can get two types of travel insurance : basic and comprehensive. Then there’s comprehensive travel insurance , which also includes medical insurance . “God forbid I’m hiking in the jungle somewhere and I have to

Skip It : For U.S. travel . Traveling to Florida? Road-tripping around the American Southwest? You can probably skip any extra insurance . Cruises hit all the major areas where comprehensive travel insurance is recommended: a big, upfront payment, international travel and higher risk of problems.

You’re planning a big cruise for next year—or maybe you’re just flying to see relatives for Thanksgiving. When is it worth it to get travel insurance?

This Is When Travel Insurance Is Worth It—And When It Isn’t© zoff/Shutterstock

What does travel insurance cover?

You can get two types of travel insurance: basic and comprehensive. "Whenever I book American Airlines online, they always offer me the cancellation insurance," says Rick Garlick, a vice president at the International Society of Hospitality Consultants. "So if I get sick or I miss the connection, that’s what we would call basic coverage."

Then there’s comprehensive travel insurance, which also includes medical insurance. "God forbid I’m hiking in the jungle somewhere and I have to be medevacked out of the jungle. That could cost up to $50,000," Garlick says. "Or let’s say something really crazy happens in the place I’m going. That’s what the more comprehensive insurance would cover."

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It 's important to remember that life insurance isn ' t really " insurance " in the dictionary sense. When you buy life insurance , you're not " insuring " anything. Travel insurance is a type of insurance designed to cover the costs and losses associated with unexpected events incurred while traveling .

And when a loss occurs when a covered policyholder is traveling , then the travel insurance company pays according to the terms of the contract. What Travel Insurance is the Best and Why? I started with Allianz because it was recommended to me by my fellow travelers and because it was highly

When should you get travel insurance?

Buying travel insurance makes sense when you’re traveling internationally. The typical cost of an international trip is more than $3,000, Garlick says. People want the best rate, so they book their flights far in advance. But then life happens; maybe a family member loses a job. But because you’ve paid so much upfront, you want to protect that investment. "I have been burned on this, where I’ve booked a trip nine months in advance and my whole life is different nine months later," Garlick says.

You may also want to invest in travel insurance if you're eyeing a cruise. Research shows that people plan a cruise on average a year in advance. Having travel insurance could give you the flexibility to reschedule if, say, a hurricane suddenly appears on the horizon. "Cruise lines typically offer that sort of insurance package, because they recognize that you may be traveling in a hurricane," Garlick says. Here are some more tips to make your cruise easier.

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When Travel Rewards Cards Are Worth It . In general, you should get a travel rewards card if: You fly at least 1-2 times per year (for leisure or business). You stay at hotels more than 5 days per year. You rent cars frequently but do not currently have adequate insurance coverage. Personally I tend to

United offers Allianz travel insurance when you book a flight, and for around for the 2 months I’d be gone, it seemed an easy sell. If your credit card doesn’ t cover travel issues, then generally I’d say yes, travel insurance is probably worth it . If the money you’re spending on a trip is more than you

Travel insurance also covers you in case of sickness or injury when you're outside the United States. Even if you’ve got health insurance, there’s a good chance the health care facilities in other countries won't be part of your provider network. And it can also be important if the country you’re visiting doesn’t provide the care you need. For example, if you need a blood transfusion, but where you are doesn’t screen for bloodborne illness, you’re going to need some sort of ambulatory care to get you back.

"If you don’t have that coverage, that ambulance is going to cost you tens if not hundreds of thousands of dollars," says Shylar Bredewold, owner of Odyssean Travel. "And you could cover this with a $150 policy." Keep in mind that the cost of travel insurance can vary widely. And make sure you read the fine print to see exactly what is—and isn’t—covered.

Finally, if you’re traveling in a volatile area, it’s good to have the peace of mind that you have medical coverage. "People just have to be smart," Garlick says. "The world, unfortunately, isn’t what it used to be." If you're traveling overseas, you should also know to pack these items, too.

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Travel insurance is also essential if you have invested more money in your trip than you’re willing to lose, according to Ed Perkins at smartertravel.com. Others—including Travel Guard, Travelex Insurance Services, and HTH Worldwide—sell annual medical policies.

You may be tempted to insure your trip, but is travel insurance worth it ? Consider these 11 things before you spend the extra money. All you can think about is feeling that white sand between your toes and watching the sun bounce off crystal blue waters. But what happens when one of those

When don’t you need travel insurance?

If you’re taking a short trip within the United States with a short lead time, though, you can probably pass on the travel insurance.

"Most domestic trips are planned a shorter time out and cost less money," Garlick says. The average four-day trip, for example, would probably cost you about $600. In addition, if you or a family member gets sick or hurt during the trip, and you have medical insurance, you would probably already be covered.

Another reason to skip the travel insurance? If you book with a credit card, your credit card may already provide it—this is just one of the things smart travelers know to do before a flight. Garlick’s American Advantage card offers it as part of his annual fees; many Citibank cards also include that perk. And if you're a member of an airline's premium program, you may get put on the standby list automatically if a flight gets canceled.

Finally, you may think you’re getting flexibility if you book a flight in advance and get travel insurance. But read the fine print. Typically, cancellation policies have conditions and you can only use them when you get sick.

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It ’s not just that the system seems even less reliable than your flaky painter friend’s Etsy store. It ’s that you’re likely to lose money this way — even if you get For others, buying a health policy may not be worth re-tooling an already-tight budget. You could easily be better off sticking with pay-as-you-go for

Is travel insurance worth it ? It sure can be! I’ve only used two of the dozens of policies I’ve purchased – for a Cambodian hospitalization From a young age I felt like travel insurance was mostly a huge racket, expensive, mind-boggling to acquire, and anywhere from painful to enraging to actually use.

Bottom line: Consider the type of trip you're taking and the conditions where you're going before making a decision about travel insurance. All packed? Now check out these common travel tips you can ignore.

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