Travel insurance …can you leave home without it?
Today, definitely no!
Travel supplier bankruptcies, hurricanes, the cost of travel are all are driving alert travelers to purchase travel insurance big time.
But buying travel insurance from a travel agent or a cruise line or any other travel supplier is a bit like having the fox watch the chickens.
If a tour operator or cruise line goes bankrupt, and it does happen, you’re not covered since the travel supplier won’t cover you in the case of their own financial failure.
While most vacations go as planned, kids do get sick, accident happen, work-related emergencies do occur throwing travel plans and money out the window.
And since much travel is intergenerational including grandparent, maybe even great grandparents on Medicare, they likely will not have coverage outside the United States.
Kids and other family members may not be covered for medical evacuation.
The U.S. Travel Insurance Association is (www.ustia.org/) an industry watchdog that advises always buy from a third party supplier. It’s pretty helpful in figuring out what to buy and from whom.
I recommended this company in my National Public Radio travel reports.
Big guys like Travel Guard International have been in the business a long time and are always upgrading their product.
And while travel insurance has evolved considerably in the last few years with lots of bells and whistles and more flexibility than ever, you really need a policy that covers two basic events:
• Medical evacuation and transportation home if you’re injured or sick on the road
• Trip cancellation or interruption because of the death or illness of the insured or a family member…or any other legitimate reason. And acceptable reasons are more and more numerous.
If you’ve paid big bucks for a cruise and a week before you sail, you get sick or get sick while at sea, you need a policy that gets you your money back, even if it’s just the unused portion of your travel.
We recommend buying Travel Insurance on a pay-as-you-go basis. You pay per trip, per length of time, age, and destination.
For the short bucks, Travel Insurance is a must.
PS How Much Does it Cost to Get back Home?
Domestic air medical evacuation averages $10,000 to $20,000, and internationally, it can exceed $75,000.