Travel insurance: Can you leave home without it?
Today, definitely not!
|From Blogger Pictures|
Quick question: How much will it cost you get airlifted home?
Domestic air medical evacuation averages $10,000 to $20,000, and Internationally, the cost can exceed $75,000.
Granted few travel injuries or accidents require an emergency trip home, but what if your costly cruise has to be cancelled because of a death or illness in the family.
Or your traveling companion gets sick before you leave..or even while you’re mid-trip?
You have to have Travel Insurance to cover these kind of real possibilities.
Travel supplier bankruptcies, hurricanes, the cost of travel 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, accidents happen, emergencies do occur throwing travel plans and money out the window.
And since much travel is intergenerational including grandparents, maybe even great grandparents on Medicare, they will not have coverage outside the United States.
The U.S. Travel Insurance Association is () an industry watchdog, strongly advises always buy from a third party supplier. USTIA are pretty helpful in figuring out what to buy and from whom.
For example, I found that http://www.insuremytrip.com did the research I needed, and came up with per diem cost and coverage options from several companies I could chose from.
I recommended this company in my National Public Radio travel reports, but do your own research.
Big guys like Travel Guard International have been in the business a long time and are always upgrading their products, adding more and more options and coverage.
Beyond all the bells and whistles, you really just 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.
Have you needed it?