When you plan a trip, you might be wonder, “Should I buy travel insurance? Is it worth the cost?”
Here’s your answer: Everyone should buy travel insurance. Every day people go on trips that are affected by unfortunate events, so it’s best to always be prepared. However, some travelers—as a result of their lack of interest in or knowledge of travel insurance—don't even realize what it is and what kind of protection it provides.
Here are some facts about travel insurance, such as what is actually is, what plans are available and who should buy it.
What is travel insurance?
Travel insurance is a type of insurance in which people are offered protection while traveling. Such plans include trip cancellations or interruptions due to illness, weather or any other conflicts, such as jury duty—as well as lost luggage and medical coverage. This way, travelers will be reimbursed if any issues arise before or during your trip.
Look at it this way: Imagine if a family member gets sick right before a trip and you need to cancel? What if you're at a resort and break your leg while jet skiing?
Purchasing travel insurance will ensure that you will be able to cancel your trip and get your money back, as well as be evacuated from the cruise ship in order to receive proper medical attention.
Types of travel insurance
There are several types of travel insurance plans available, including:
- Trip Cancellation and Interruption
- Travel Medical
- Baggage Delay
- Accidental Death and Dismemberment
- Medical Evacuation
- Flight Delay or Cancellation
- The Cancel for Any Reason
Some additional facts about travel insurance are:
Policies tend to vary in regards to domestic and international coverage, as well as coverage for single or multiple trips. Further, every plan doesn’t offer the same exact benefits, so it’s best to do your research to see which plan offers you the best combination of benefits for each trip you go on.
Who should buy travel insurance?
It doesn’t matter if you’re going on a business trip, a family vacation with the kids, grandkids or just by yourself. Everyone should buy travel insurance because no one knows what unforeseen events could take place.
According to the U.S. Travel Association, “One in six Americans (17%) say their travel plans have been impacted by medical conditions, natural disasters including severe weather; or mechanical or carrier-caused problems,” over about an 18-month period—spring of 2012 to fall of 2013. However, 22% of people from this survey had travel insurance while the rest did not. Among the prepared travelers, “younger Americans (29%) and those earning $50,000 (25%) or more” make up the majority as of 2012. The U.S. Travel Association also points out that most people are happy that they invested in travel insurance, with a satisfaction rate of 85%. Although more people are purchasing travel insurance when they go on a trip, as also reported by the U.S. Travel Association in late 2013, there is still a large amount of people who choose not to.
These facts about travel insurance prove that many travelers have to deal with unexpected events both before and during a trip. Why take the chance of not being prepared, especially when other people who have done the same are happy they did?
Be ensured with insurance
It is best to purchase travel insurance from a travel insurance provider rather than a cruise line or vacation company because they offer better deals.
However, travel insurance providers do not offer the same exact coverage plans. This is where your research needs comes into play. The first thing you have to do is find a great travel insurance provider. Travel Insured—a worldwide travel insurance provider since 1994 and one of InteleTravel’s preferred partners—offers incredible insurance packages to over a million travelers every single year. Though their benefits vary from state to state, many plans overlap. Plus, they have 24/7 customer support, so you can reach them if you ever have a question.
Some benefits for travelers using Travel Insured include:
- Trip Cancellation
- Baggage Insurance
- Travel Delay
- Reimbursement of Miles or Reward Points
- Trip Interruption and Emergency Evacuation
InteleTravel customers will never have to worry about what they would have to do if any travel mishaps occur before or during a trip as a result of Travel Insured. And although Travel Insured already offers better deals than other travel insurance providers, InteleTravel customers will have access to even better rates thanks to the partnership between the two companies.
Plus, InteleTravel agents—who are able to become independent travel agents and book travel for others and themselves—have access to those deals as well. For instance, if you're an agent and you book travel insurance through Travel Insured, not only will you receive protection at a discounted rate, but you'll also receive up to 28% of Travel Insured's commission. The same goes if you book travel for someone else—you get him or her the best deal on travel insurance and then earn a commission on that sale.
Here are a couple travel insurance packages available at Travel Insured.
Travel Medical Protector Plan covers emergency accident expenses, accidental death and dismemberment, emergency evacuation, trip delay as well as repatriation of remains for travelers who are going to be leaving the United States for at least 10 days.
The Airline Ticket Protector Plan covers for travel and baggage delays, non-refundable airline tickets and missed connections. If you go to their website and select the state you reside in, you can find out what you can be covered for.
Travel insurance is always a must
Travel insurance is extremely important to look into before going on a trip. Many people never consider investing in travel insurance, whether that is because they do not think it is necessary or worth the money, but compared to how much money they are spending on a trip, spending a few more dollars for extra peace-of-mind is always the way to go.