With the high cost of travel many wonder if they should invest in travel insurance for coverage for themselves and dependents. The short answer is: it depends.
When considering whether to purchase travel insurance it is important to investigate what the policy actually covers. These policies typically cover travel protection, baggage protection, medical, and emergency evacuation.
Travel Protection is probably one of the most popular types of travel coverage. This coverage will cover a fraction of the expenses of a trip that is cancelled or rescheduled. Usually the traveler or the traveler’s companion must be sick or injured to be reimbursed.
Baggage Protection is protection that covers baggage that is lost, stolen, or damaged. Usually airlines automatically extend coverage for the loss or damage of baggage during a flight, but do not assume your airline will cover your possessions. If you travel with jewelry, electronics, and other expensive items this coverage is worth purchasing.
Medical Coverage is coverage you will probably only need if you are travelling internationally. Many think they don’t need additional medical coverage, however many policies only cover in-network. If you are in a place with few in-network providers and have to go to an out-of-network provider there is a good chance your claim will be denied.
Emergency Evacuation this coverage covers expenses for a medically-necessary evacuation; this includes your transportation to medical care. When travelling to remote areas it is wise to purchase this type of coverage.
There are many different policies to choose from when shopping for travel insurance, with many different benefits. With all the different choices in travel coverage, as well as the likely hood your current policies coverage may overlap you travel insurance you should ask you independent insurance agent about your options.
Cecil B. Williams
EMERGE INSURANCE AGENCY