Apr 5, 2012

Travel Insurance: Do you really need it?

Taking a trip can be a great time to get away from everything that is stressing you. It can also be a great time to meet new clients for your business. What you shouldn't be doing is worrying about insurance. Obtaining travel insurance is something that anyone should do if they travel often. Traveling abroad should never be done without having adequate insurance.

What Happens If Your Trip Is Delayed

Delays do happen when you travel. Flights are late, inclement weather strikes or your rental car isn't available when you get to your destination. Travel insurance will help you recover any costs associated with getting a new car or having to book an extra night at a hotel.

Protection Against Anything Going Wrong Overseas

Buying insurance for your trip can really come in handy when you are in another country. Your policy will help you if your credit card is stolen, you get sick or a political crisis arises. You want to be sure that you have medical coverage in case you need a hospital while traveling. Not all foreign countries will accept your health insurance the same way it is accepted in America. Travel coverage can supplement any coverage you currently carry. You may even be able to get evacuated if you are sick or injured while on vacation.


Get Cash If Your Things Are Lost

It is pretty hard to live without clothes and money. Your coverage will allow you to get money for replacement items in a hurry. This applies to medical items as well. Getting your prescription refilled quickly can save your life. Don't be out in the cold if you lose all of your things.

What If The Trip Is Cancelled

The operator of the cruise you are going on may go out of business before you take your vacation. Where are supposed to get the cash for anything that is non-refundable? Your insurance policy is going to be your method of getting your money back. You don't deserve to pay for anything that you don't even use. Not carrying an insurance policy can cost you a lot of money.

Your Credit Card Isn't Enough

Your credit card is not going to give you enough protection while you are overseas. Using a credit card may be a good idea if all you need is a rental car. However, it won't provide for you if you get sick. It also won't help you out if you lose all of your things. You may end up having to use your card for replacement goods if you aren't careful.

Whether you purchase travel insurance or not depends on how much you value your possessions. Getting an insurance policy that gives you proper protection will provide peace of mind while you are on your trip. The last thing you want to worry about while relaxing on the beach is where your prescription is. Don't risk losing all of your money because you think an insurance policy is too expensive.

About our guest author: Matt Ahlgren writes about different insurance and personal finance topics. He recommends that you compare travel insurance to make sure you have the right protection on your holiday.

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