Is travel insurance worth it? Even though we are in post-covid, it may be something to still consider. I used to never purchase travel insurance but have changed my mind on the importance of this peace of mind.
Travel insurance provides coverage for unexpected events that can occur before or during your trip. While it's not a legal requirement to purchase travel insurance, it can be highly recommended to protect yourself financially and medically while traveling.
Here are some reasons why you might want to consider purchasing travel insurance:
1. Medical Emergencies: If you become ill or injured while traveling, medical expenses can be costly, especially if you require hospitalization or emergency medical evacuation. Travel insurance can cover these expenses.
2. Trip Cancellation or Interruption: If you have to cancel or interrupt your trip due to an unexpected event such as a family emergency, travel insurance can cover the non-refundable expenses you've already paid, such as flights, accommodations, and tours.
3. Lost or Stolen Luggage: If your luggage is lost, stolen, or damaged during your trip, travel insurance can cover the cost of replacing your belongings.
4. Travel Delays: If your flight is delayed, travel insurance can cover additional expenses such as hotel accommodations, meals, and transportation.
5. Emergency Assistance: Many travel insurance policies offer 24/7 emergency assistance, which can be helpful if you're in a foreign country and need help with medical emergencies, legal assistance, or other unexpected situations.
It's important to carefully review and understand the terms and conditions of your travel insurance policy before purchasing it to ensure that it meets your specific needs.
Travel Insurance Companies:
- Allianz Global Assistance
- Travel Guard
- World Nomads
- AIG Travel
- Safety Wing
- InsureMyTrip
To compare pricing, you can use the website Squaremouth.
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