Advantages of Purchasing Travel Insurance

Author:
Laura Nazimiec

Advantages of Purchasing Travel Insurance

When you’re planning a trip, the last thing you want to think about is what could go wrong. One of the best ways to prepare for the unexpected is to purchase travel insurance, and there are numerous advantages to doing so.

Trip Cancellation or Interruption

Trip Cancellation or Interruption

An unexpected emergency that arises before or during a vacation can result in the need to cancel or cut short your trip. If your plans suddenly change, travel insurance guarantees that you will be compensated for losses resulting from trip cancellation or interruption, including the cost of flights, hotels, and travel packages.

You can choose between single trip and annual multi-trip travel insurance policies for domestic and international travel, and many policies can be customized to fit your needs.

Medical Emergencies

Medical Emergencies

Travel insurance will pay for medical care and transport, including evacuations if adequate care is not available at a local hospital. This type of travel insurance is especially necessary if you’re traveling to a country where medical costs are high, such as the United States. Keep in mind that some policies will not cover pre-existing conditions.

Loss, Damage or Theft

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Loss, Damage or Theft

If your personal belongings are lost, damaged or stolen during your trip, a travel insurance policy will provide you with compensation so that you can replace them in a timely manner. This includes items such as cameras, laptops, and even your passport.

Personal Accident or Liability

Personal Accident or Liability

If you are injured or accidentally die during your vacation, you or your loved ones will be entitled to compensation. In addition, you will be covered if you cause damage to someone’s property or harm them in some way.

Legal Expenses and Advice

Legal Expenses and Advice

Travel insurance can also help to cover legal expenses relating to personal accidents and liability that may occur while on vacation. Most travel insurance companies also offer 24-hour travel assistance to help their customers deal with unexpected emergencies that arise while on vacation, and they can often assist you in the event that you are traveling in a country where you don’t speak the local language. Just remember, every travel insurance policy is different, so you’ll want to read the fine print to make sure that you understand exactly what is covered. 

Written by Laura Nazimiec