Travel insurance is very important if you want to travel. Nobody can predict unexpected circumstances between the period you are going to book your travel and the day you will normally make your travel. Even facts which can cost you a lot of money and eventually happen during your travel are unknown.
Travel insurance has the same principles as other insurances. You will pay a certain price in case something will happen before or during your travel. Some people will consider this as an extra cost and don’t see the advantages.
Probably they think it is waste of money because they can use this money for other expenses.
Some people think that accidents won’t happened to them. However, as soon as something comes up, the cost to fix it is extremely high. How many times have you heard about lost or damaged luggage? What about people injuring themselves or encountering health issues while traveling? Oftentimes, many people think that they are immune to these types of problems.
In my opinion, travel insurance is always a good idea. The risks are too high for you to ignore these problems. Travel insurance is similar to fire insurance. Fire insurance is a bit expensive but if your building burned down, you are saved from financial disaster. Travel insurance works the same way. If you are fortunate, travel insurance may seem like a waste of money but you can’t predict the future.
There are many kinds of travel insurances but most of them cover the most common risks like:
CANCELLATION
There are some circumstance in which it is possible for you to cancel your flight. It is not possible for you to cancel your flight with a legal reason. In most cases, you are covered for illness, injury, in the case of your death or someone in your immediate family. For example, if you become sick right before you board your flight or someone in your family died, you can cancel your flight without incurring extra costs.
MEDICAL EXPENSES
Travel insurance covers medical expenses incurred during your trip.
STOLEN OR DAMAGED LUGGAGE
Travel insurance covers stolen or damaged luggage at the airport or hotel. Normally, each insurance offers different kind of coverage for luggage. You can then determine which package has the maximum amount you would like.
THEFT OR DAMAGE
Travel insurance covers almost everything which you have taken with you on your travel. It depends on the kind of policy you have.
LOSS OF TRAVELER’S CHECKS AND DOCUMENTS
Travel insurance will cover also the loss of traveler’s checks or traveler documents. The insurer will pay all the extra expenses for obtaining the new documents.
REPATRIATION
Travel insurance will cover the expenses for repatriation for the maximum amount according the policy of your travel insurance. The expenses for repatriation can be very high when you have an accident or you are injured during your travel. It is important that you take travel insurance which covers a high amount of expenses for repatriation.
LEGAL ASSISTANCE
Travel insurance which covers legal assistance can be useful when you are involved in an accident during your travel. This accident is not necessarily your fault and legal assistance can help you to defend your rights. The costs of a lawyer can be very high and when you have travel insurance which covers these expenses you can save a lot of money.
FLIGHT CANCELLATION OR A DELAY
Travel insurance covers all the expenses if you need to take a room for staying in a hotel before the flight in case of delay or cancellation of the flight.
SAFETY PROBLEMS IN THE COUNTRY OF DESTINATION
The insurer will pay you back if there are safety problems in the country of destination or they will suggest another destination. Travel insurance will also help you if you are in a country and there happens something like a tsunami or they can help you to get out very quickly.
Take good travel insurance and you will never complain the extra cost. Who knows if something unexpected will happen during your next travel? Paying a little bit more can save you a lot of money in case of problems! Travel insurance is in my opinion always a good idea and worth the money.