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How Travel Insurance Can Save Your Vacation

Wednesday, July 28th

How Travel Insurance Can Save Your Vacation

If you're thinking about planning your next vacation for you or for you and your family, you may want to include the purchase of travel insurance in your budget.

The percentage of people purchasing travel insurance has been on the rise over the last 10 years. Prior to that, less than 10 percent of travelers purchased travel insurance. Today, almost 30 percent of travelers purchase some sort of travel insurance coverage.

When preparing for and budgeting for a vacation, you should consider the different types of plans so you know which one will cover your needs best.

Travel insurance plans are available in a wide range of prices and cover a variety of circumstances. You can research plans online to find out which plan suits you, your vacation and your budget.

Many travel insurance plans cover financial loss. For example, many travel insurance plans will reimburse any money you have paid for nonrefundable tickets or payments, unused payments or deposits. These types of plans will reimburse your money if you have to cancel or interrupt your trip due to a reason covered by that plan. If you have booked an all inclusive stay at a family resort, but have an illness in the family that prevents you from taking that trip, your travel insurance will reimburse your costs so that you do not lose your money for a trip you could not take. Other plans can help cover unexpected travel expenses incurred due to unforeseen circumstances, which you have no control over. For example, during times of flight delays and cancellations due to weather, some travel insurance plans provide reimbursement for additional travel expenses you may incur, such as meals and accommodations.

Travel insurance can also cover some limited medical expenses. For example, some travel insurance plans will cover the costs of replacing prescriptions and necessary doctor, hospital or even dental visits while on vacation. This is important especially when travelling abroad since most health insurance plans do not cover medical expenses incurred outside the U.S.

Additional items covered by travel insurance plans can include: lost or stolen baggage, credit card replacement, legal assistance, language translation and, in case of death, return of remains.

When researching plans, make sure the policy includes 24-hour contact information either by phone or by internet from anywhere in the world. The right plan will be worth the small investment you'll make in time and money if anything goes wrong.

To protect you, your family and your hard-earned money, be sure to research travel insurance options while you are making vacation plans. Much of the research can be done online.

The Best Travel Insurance Plans Compare Travel Insurance Plans Compare Travel Insurance Plan Reviews What are the best Travel Insurance Plans Best Travel Insurance Plan Reviews

Travel Insurance Plan FAQ

Travel insurance is exactly what it sounds like: coverage for unexpected events before or during a trip. If you've been working and saving for your dream vacation, you want the peace of mind that comes from knowing that you won't lose it all if something happens and you have to cancel or come home early. Travel insurance is the way to go!
Your coverage will always depend on the plan and insurer you select. Typical benefits include trip cancellation or interruption, emergency medical transportation, issues with lost/stolen/delayed baggage, emergency medical/dental coverage, and a 24-hour assistance hotline.
Read all of the fine print of any travel insurance policy you're considering, and you'll quickly see that the coverage is not comprehensive. For example, your policy won't cover anything booked after the start of a "known event" (like a pandemic or natural disaster). You'll also need a rider if you plan on participating in "risky activities and sports" like bungee jumping, skydiving, and so on.
It's surprisingly affordable - and a smart way to make sure that you don't lose your vacation money if you have to cancel a trip or come home sooner than expected! The amount you'll pay depends on the travelers' ages, the total cost of the trip, and how much coverage you want.
That's up to you, but can you afford to lose money if something goes wrong before or during your trip? There are always risks involved with traveling, from stolen luggage to having to cancel because your partner or child gets sick, and having a good travel insurance policy is an affordable way to mitigate those risks.
You'll often get offers for coverage at the time you book your flight/hotel/rental car, but they're not always your best option. You might get better coverage for less money by getting a quote online from an insurance referral service or directly from a travel insurance provider. The process is quick and easy: you should have policy documents in your inbox within minutes of finalizing your application and paying the premium.
Yes, but you'll have to take a few extra steps (and probably pay a few extra dollars!). You'll need a plan that has a Pre-Existing Medical Condition Exclusion Waiver, for starters. Other requirements vary by insurer, but it's common to see policies where you have to be medically able to travel on the date you purchased coverage, as well as needing to buy your travel insurance within two weeks of making your first deposit or payment.
Absolutely! Millions of travelers get their coverage online every year. Just be sure to check the reputation of any insurer you're considering, and read the plan details carefully so that you get the benefits you need.

Compare Travel Insurance Plans

Select any 2 Travel Insurance Plans to compare them head to head

best-travel-insurance
  • Squaremouth
  • Aardy
  • Roam Right
  • Insure My Trip
  • Travel Insurance
  • Allianz Travel
  • Travel Guard
  • Quote Wright
  • World Nomads
  • Travel Insurance Center
  • Seven Corners
Squaremouth vs Aardy Squaremouth vs Roam Right Squaremouth vs Insure My Trip Squaremouth vs Travel Insurance Squaremouth vs Allianz Travel Squaremouth vs Travel Guard Squaremouth vs Quote Wright Squaremouth vs World Nomads Squaremouth vs Travel Insurance Center Squaremouth vs Seven Corners Aardy vs Roam Right Aardy vs Insure My Trip Aardy vs Travel Insurance Aardy vs Allianz Travel Aardy vs Travel Guard Aardy vs Quote Wright Aardy vs World Nomads Aardy vs Travel Insurance Center Aardy vs Seven Corners Roam Right vs Insure My Trip Roam Right vs Travel Insurance Roam Right vs Allianz Travel Roam Right vs Travel Guard Roam Right vs Quote Wright Roam Right vs World Nomads Roam Right vs Travel Insurance Center Roam Right vs Seven Corners Insure My Trip vs Travel Insurance Insure My Trip vs Allianz Travel Insure My Trip vs Travel Guard Insure My Trip vs Quote Wright Insure My Trip vs World Nomads Insure My Trip vs Travel Insurance Center Insure My Trip vs Seven Corners Travel Insurance vs Allianz Travel Travel Insurance vs Travel Guard Travel Insurance vs Quote Wright Travel Insurance vs World Nomads Travel Insurance vs Travel Insurance Center Travel Insurance vs Seven Corners Allianz Travel vs Travel Guard Allianz Travel vs Quote Wright Allianz Travel vs World Nomads Allianz Travel vs Travel Insurance Center Allianz Travel vs Seven Corners Travel Guard vs Quote Wright Travel Guard vs World Nomads Travel Guard vs Travel Insurance Center Travel Guard vs Seven Corners Quote Wright vs World Nomads Quote Wright vs Travel Insurance Center Quote Wright vs Seven Corners World Nomads vs Travel Insurance Center World Nomads vs Seven Corners Travel Insurance Center vs Seven Corners
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