5 Reasons Why You Should Get Travel Insurance

Do you travel often? If so, then you probably already know that your credit card may not provide adequate coverage if something bad happens while you’re away from home. The solution? Get a good travel insurance policy before you leave on your trip. Keep reading to learn why you should be sure to get travel insurance before heading out on vacation this year.

1) Health

One of the biggest things to consider when traveling is your health. A surprising number of travelers do not take out travel insurance, which can have a costly impact if an accident occurs while you’re away. Even if you are covered by health insurance in your home country, medical treatment abroad can be extremely expensive and difficult to understand.

2) Cancellation

While it is not always necessary to purchase travel insurance, many people like having a safety net in case something comes up. For example, let’s say your flight to a conference gets canceled due to weather issues.

3) Delayed baggage/flight

Did you know that as of 2014 there were more than 20,000 flights that experienced a delay in arriving at their destination? That’s a lot of people who ended up waiting on bags they had packed carefully. If you’re traveling overseas, having your baggage delayed can be even more dangerous—it may be impossible to replace some items (e.g., medications). It is especially important to make sure your luggage is protected if it contains anything valuable or perishable.

4) Accident cover

Did you know that medical bills are the number one reason why people file for bankruptcy in America? Accidents happen, and they can be very expensive. The good news is that travel insurance offers coverage to help offset some of those costs if an accident should occur during your travels. Accident cover covers accidents resulting from pre-existing conditions, acts of terrorism, or even a lost limb!

5) Personal liability

Many of us do not realize that we can be held personally liable if our luggage is stolen, or if an accident occurs during a trip. This is especially true for those who are traveling abroad. Fortunately, there is insurance for such situations! It may seem frivolous to buy travel insurance for a business trip you take every year, but consider how many personal items you carry on your person when traveling. If all of your electronic devices were lost, how would you replace them? What about clothing? If you should happen to lose weight while traveling and need new clothing when you return home (hint: BMI) how would you purchase it without travel insurance? Personal liability can protect your income in ways that even business travelers might not know about.

Conclusion

Travelling is wonderful and exciting, but it also presents some risks, especially when you are going abroad. If you plan to travel outside of your home country, you may want to consider getting travel insurance. The good news is that there’s something you can do about these risks – you can buy travel insurance!