When planning a vacation, it’s important take the time to plot out every detail, from the hotel accommodations and airfare to the daily itinerary. The reason a vacation takes so much planning is because traveling with more spontaneity leaves too much to chance. Even with detailed plans, any number of things could go wrong. Fortunately, travel insurance can help alleviate anxiety and ensure that travel plans stay on track.
Get Deposits Back
Often, making travel reservations require paying a deposit or paying the full price in advance. This is true with airlines and the majority of hotels around the world. It’s a practice done to protect the business by ensuring the plane seat or hotel room will be booked. One of the best features of travel insurance is the reimbursement it offers for canceled reservations. After obtaining this type of insurance, travelers can rest assured that they won’t lose those deposits if they do have to cancel their vacations.
Get Home Fast
Another common feature of traveler’s insurance is trip interruption coverage, which can be used if there becomes a need to get home suddenly. Perhaps someone becomes ill or there’s an emergency at work or home, but the vacation has just started! Trip interruption coverage will provide coverage for the higher costs and extra expenses of traveling back home in a hurry. It can also be used to cover the extra costs that would incur if traveling companions also have to return home. Continuing with a vacation could become twice as costly without this type of coverage.
Receive Medical Treatment
Even if people have health insurance, it may not help them if they get injured abroad. While some insurance providers do offer coverage for those traveling outside of the U.S., there are many insurers that won’t offer international coverage. These insurers include Medicare, though some Medicare supplements will offer coverage outside of the country. The best alternative is to buy travel insurance that will pay medical treatment costs up front. This can ensure a physical injury or illness won’t result in financial worries as well.
Accidents happen! A mountain-climbing adventure or hike through the rainforest could result in an unexpected injury. Getting emergency help to travel to a remote location might be both difficult and expensive, but travel insurance will cover this expense. The insurance will cover the cost of a medical evacuation, which would otherwise represent a significant cost and might bring an early end to any vacation.
While travel insurance is more comprehensive than flight insurance, it does carry some of those basic protections as well. Primarily, it will reimburse individuals for lost, stolen, or damaged possessions. This is common in most travel insurance policies, because airlines routinely lose luggage. While they make every effort to recover the missing items, there’s no guarantee the luggage will be found or that it will be returned in the same condition. Lost possession coverage will reimburse people for the value of their losses up to a limit they select.
This is a non-standard feature to inquire about, as not all policies offer this type of coverage. Many people bring their pets with them when they travel, which is why some travel insurance policies do offer pet coverage. If Fido gets ill on vacation, coverage may help offset the costs of a vet visit. Additionally, pet owners may be able to obtain some liability coverage in the event their pets bite or scratch someone during their trips. While a pet may be well-behaved most of the time, being in unfamiliar surroundings may make him nervous and unsettled. Pet coverage can help owners ensure their furry friends have happier vacations.
Identity Theft Protection
Thieves and scam artists target tourists more often than anyone else. This is especially true in regard to identity theft, which is why most policies offer protection against identity theft. Interested individuals will have to discuss these specific policies with their insurance providers, something that should be done in advance. Taking the time to understand how to be protected abroad can make a getaway safer all around. Insurance providers may also offer tips on staying safe on flights or hotels.
You’ll Never Be Alone
Exploring a new culture can be fun, but it can become intimidating when things go awry. However, a traveler’s insurance provider will have representatives available 24 hours a day. No matter what kind of emergency crops up, insurance-holders can access a friendly voice. The representative will be able to offer advice or suggestions, even for matters that may not be covered by a holder’s specific policy. Sometimes, just having access to a sympathetic ear is enough to help determine a course of action.
Buying travel insurance only costs a small percentage of the total value of a vacation, so it’s not a significant expense. In return, it provides peace of mind in knowing that virtually every emergency will be covered. While traveling without insurance is possible, spending a few extra dollars to get coverage is well worth it. Otherwise, it’s possible to become stranded in an unfamiliar place with nowhere to turn for help.