From how to pick the best places to go to identifying vacation essentials you canโt leave home without, itโs safe to say that most of us have gotten pretty good at travel prepping. But even with this, thereโs one very important thing the average traveler still doesnโt give enough thought โ travel insurance.
To be sure, Iโve heard travel insurance get called a lot of things. A friend once said itโs the โbiggest scam in the 21st centuryโ and that he was never going to buy one. In my early days of solo traveling, I didnโt think this insurance coverage was the worst thing around, but I wasnโt exactly sold on the idea, either. Until I ran into some sobering statistics, that is!
- Up to 87% of travelers fall sick during or after their trip;
- Airlines lose or delay more than a million bags each year;
- An average of at least 1% of flights are canceled in the U.S. every day;
- About 5% of flights worldwide are delayed each year, causing several missed
What does this all mean?
Long story short, if you donโt have travel insurance and you have a medical emergency or a missed connection while on your trip, you could potentially lose a lot of money!
However, itโs not enough to just get travel insurance. You need to make sure that you get the right package for you. Below are the most important things Iโve learned to look out for when picking travel coverage.
What to Look for in a Travel Insurance Package โ Picking the Right Coverage for You
For me, the most important considerations when choosing travel insurance are:
One: Available Pre-Departure and Post-Departure Benefits
Non-refundable costs are a common part of many vacation plans. So, what happens if you canโt meet up due to a last-minute trip cancellation? This is where the pre-departure benefits of your package come into play. As such, the right coverage for you should include protection for elements like your airfare, hotel reservation, cruise fare, and other things of that nature.
Similarly, as I mentioned earlier, things like travel delay and medical emergencies while on a trip are common enough occurrences. A decent travel plan comes with post-departure benefits that ensure that you donโt have to cover these unexpected expenses out-of-pocket.
Two: The Insurerโs Global Affiliates
As you know, the quicker and more conveniently you can reach your insurer, the better for you. This is why itโs very helpful to check if the provider you want to use has an affiliate at your destination location.
Having a local point of contact can prove very useful as itโll certainly help your insurer attend to your needs faster and more efficiently.
Three: Coverage for Pre-Existing Medical Conditions
Having travel insurance that kicks in in case a pre-existing medical condition starts acting up can also be very helpful. While youโre going on your vacation to relax and have a good time, thereโs usually no telling how your body will react to the new environment. Having this type of protection in place means youโll have one less thing to worry about should anything happen.
Please note that while you might think your health insurance will cover you for this, most of these policies donโt insure you outside the country. So, make sure you know the details of your health coverage so you can plan accordingly here.
Four: Affordability of the Package
This is pretty important, too, more so because you have to strike the perfect balance between staying well-protected and keeping your costs bearable. One of the best ways to ensure you get the best deal here is to comparison-shop as much as you can. It may take some effort, but youโll surely find something that gives you maximum value for money in the end.
Five: Exclusions
Itโs definitely important to have a clear idea of just what youโll be getting out of your travel insurance. But just as important is knowing what you WONโT be getting. Most coverages will clearly state the conditions or events under which their benefits are voided.
Make sure you go over this aspect of your plan carefully and be sure that itโs both fair and acceptable to you.
Travel insurance isnโt one of the first things that people think about when planning a solo adventure or a romantic getaway. But if things go south, youโll certainly be glad you had it!
0 commenti