The Importance of Travel Insurance
Congratulations! After years of saving, you and your family have managed to finally have enough money to go on vacation! The dog is in the kennel, and the neighbor is going to water the ficus. You have shut off the gas and the water, stopped the paper and mail deliveries, and installed timers on the lights to make it appear someone is home. You have carefully packed and repacked your suitcase a million times. Your passports and traveling papers are all in order. Everything is ready and accounted for, right? Wrong! You forgot travel insurance, and it could wind up costing you big time in the end.
What if you have to cancel your trip at the very last second? Will you lose all of your money because of a no refund policy? What if your luggage is lost en route? You know, the luggage you spent so many hours packing carefully, the luggage where you hid all of your traveler’s checks? Now what? Or worse, what if you get sick or injured while you are thousands of miles from home? What will you do in these or the other countless things that can go wrong on your dream vacation?
Your vacation is an investment just like anything else that you have saved for. You put in money little by little to have this trip, and now something is trying to take it all away from you. You would not stand idly by while a thief made off with your car, why would you let your vacation get “trip-jacked”?
Life is filled with unforeseeable and regrettable events, all of which can destroy the best laid plans. What if there is a hurricane heading straight for that tropical island resort you are booked into for the next two weeks? You did not plan for that, you did not know it would happen, and now are you going to be out all of the money for this trip? If you have purchased travel insurance, then such an event would be covered for you.
If you forget everyone’s advice and you drink the local water, will your health insurance policy cover the medical care while out of the country? If not, will you then have to give up all of your travel money to pay this unexpected bill? Travel insurance would cover this as well. If the medical care is not adequate in the location that you are in, your travel insurance policy can cover the cost of evacuation to another hospital as well.
If your luggage is lost and stolen, travel insurance will pay for replacement items. If there is an emergency stop needed on your way to your destination, your insurance will cover the cost of a hotel stay, and if necessary, a rental car. If there was necessary medication in your bag, then your travel insurance will also help you to get an emergency refill of that medication as soon as possible. Travel well, travel well insured.
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