Insuring Your Vacation
OK, so you’re on vacation and you find out you’ve lost your job or your company is shutting down.
Not an unthinkable scenario today!
Should you cut your trip short and return home?
If you do, what happens to that hard-earned, desperately needed vacation you’ve already paid for?
Mike Ambrose, president, US Travel Insurance Association
www.ustia.org says that while no one likes to think about losing employment, travel insurance can help protect one’s vacation investment, if the traveling family needs to cancel its trip or return home for work-related issues.
US Travel Insurance Association is an agency watchdog of sorts and doesn’t sell insurance as such.
I’ve had good luck with their advice and recommendations.
Travel insurance policies differ, so UStiA advises people to check out the benefits offered before purchasing coverage.
Job-related situations covered by comprehensive travel insurance policies can include the following:
• You or the person with whom you are sharing a room during travel are terminated from employment
• You or a business partner become ill or are injured
• You or your traveling companion are notified of job-related relocation
Minimums, such as length of time employed, may apply, so it’s important to read and understand your coverage.
Headline: You’re on vacation and you find out you’ve lost your job or your company is shutting down. Should you cut your trip short. Have job loss instance?