We are big believers in Travel Insurance and thanks to James for putting together this list of reasons.
There are more and more Australians leaving abroad to spend the holiday of their dreams. But mishaps and unfortunate events happen, flights are missed, vacations are interrupted and a number of any other things can happen that can spoil anyone’s long-planned trip. Fortunately, buying travel insurance can help cover most unexpected expenses or lost funds and minimize the incurred losses. Here are the top 5 reasons why you should buy travel insurance before leaving abroad on a vacation.
1. You might miss your trip
While this is the last thing you want to happen, you have to take into account the possibility of missing your trip altogether. You might be called for jury duty, or a family member or good friend may get ill. Regardless of the reason why you might miss the trip, the reality is that you can lose a lot of money on non-refundable things such as plane tickets, hotel reservations or national park tours. By having travel insurance you could get some or most of these investments back so that you won’t end with a missed trip and a hole in your pocket at the same time.
2. You might lose your baggage
You might have your luggage lost, misplaced or delayed during your trip. Travel insurance will cover lost items or damage incurred during the transportation. Depending on the specific policies, you may also benefit from coverage of stolen or damaged luggage outside the transportation system.
3. Your trip may get cancelled
You also need to take into account the possibility of having the trip cancelled due to factors that are not in your control. Maybe regional terror threats or transportation labor strikes will get your trip cancelled, and while the transportation funds may be refunded, hotel reservations and other expenses may not be covered if you don’t have travel insurance.
4. You might have your trip interrupted
Another good reason to buy travel insurance is that there may be events that can interrupt your trip. You might be on a cruise ship at sea and it might suffer from mechanical failures, or a natural disaster may occur. You might even have your trip interrupted by missing a connection flight. With travel insurance, you can benefit from refunds that will either allow you to continue the trip or to return home without losing most of your invested money.
5. You may have to pay for medical emergencies
Many things can happen during your trip, and one of them is having an accident or a medical emergency. Your medical insurance may work in your country, but abroad you may have to pay for all medical bills, and in some cases you may be left with paying for bills in the thousands of dollars. Travel insurance will cover these costs or establish a connection between the local healthcare system and your medical insurance company.
These are the main reasons why you should buy travel insurance. If you are wondering when should one buy travel insurance, there is no time like the present, or at least before your trip. Save yourself the hassle of any of these five things happening and make sure you get travel insurance.
James Long use to work in travel insurance before deciding travel was more fun. He now lives a nomadic life visiting a different country every month. Photos from SAS Scandinavian Airlines & Patsy Lynch/FEMA.
Write Your Comment
Please DO NOT include links, URLs or HTML in your comments - they will be automated deleted and you will waste your time.