The tickets are purchased, the hotel reservations are made, but there is still six months before your actual travel date. Time and chance happens to everyone, and six months can provide you with a whole new situation. Travel insurance has increased with popularity in the past few years. More travelers want to secure their vacations from the unforeseen and protect their investment. Vacations can be expensive and traveling abroad can cost thousands of dollars. While most plane tickets and hotels pre-paid services are non-refundable, travel insurance gives you a chance to ensure your funds will not be wasted in the event of an emergency.
Types of Coverage
There are two basic kinds of travel insurance. The first coverage will ensure that if you need to postpone your trip, or you need to cancel for any reason, your investment will not go to waste. The second kind of coverage will help you in the event of a medical emergency. This type of coverage can be especially beneficial if you are traveling internationally, as most insurance plans will not cover you if you travel outside the coverage area.
Basic Costs
Several companies, like Globe Travel Insurance, offer travel insurance plans that start at about 5 to 8% of your trips total cost. The price will not only depend on the duration of your trip, but also the location and risk involved. For a simple trip, travel insurance may not be cost effective. But for an expensive, international trip, travel insurance should be a necessity. You can justify the cost based on the protection the plan will provide.
Why The Need For Travel Insurance
No one has the ability to tell the future. Taking a policy out can save thousands of dollars in the event of an unforeseen emergency. Here are just a few classic cases where travel insurance can protect your investment:
1.If a family member becomes sick or passes, you can cancel, postpone, or cut your trip short and be reimbursed for the remainder.
2.If a cruise line, airline or Tour Company goes belly up, you won?t have to suffer the financial hardship along with them.
3. Some insurance can even cover in the case of thefts such as laptops, cameras, sports equipment etc.
While travel insurance it is an additional expense, it pays to have the peace of mind that you are covered. Premiums are based on rate of coverage, so by opting for a lower payout, one can reduce the overall cost. When dealing with Travel Insurance, some coverage is better than no coverage at all in the event of an emergency.
Heather Johnson writes for Honeymoon Destinations, the best honeymoon research and planning website. Discover some great honeymoon ideas today!
Source: http://www.themodernjournalist.com/travel-insurance-giving-travelers-peace-of-mind/
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