Post Last Modified – October 31, 2020
Comparing Cheap Travel Insurance Policies & Protection
Unless you know exactly what’s included in your travel insurance package, purchasing those cheap travel insurance policies is not always your best option. You definitely want to make certain that you and your family are completely covered in the event of any travel disruption.
Here’s an excellent short video on the reality of traveling without travel insurance. This is no joke and can happen if you or a family member are caught unprotected in a foreign country.
It is when we least expect it that something does happen!
This short video is definitely worth the look. It’s produces by the British Columbia Auto Association and pretty much sums up why travel insurance is so important.
BCAA Travel Insurance Tips – YouTube Video
Purchasing Travel Insurance
First of all, purchasing travel insurance is without a doubt the most important thing you can do for you and your family. As we all know, accidents happen and they happen quickly!
There are a number of things to consider when looking at travel insurance. You want to be sure that you choose the insurance coverage that suits your travel plans. Your vacation planning should always include the appropriate travel insurance for the destination and activities included in your holiday.
There are countless incidents that could cause you to cancel your trip, return home early, or force you to seek emergency medical treatment while traveling.
Let’s have a look at a few obvious reasons that could cause trip disruptions and some important things to take note of.
This is without a doubt the most important reason for purchasing travel insurance. Travel medical is vital and should always be included in your travel budget for the entire family!
Compare That Cheap Travel Insurance Coverage
It’s very important that you know what you are purchasing, what is covered, and what is not.
You want to absolutely be sure you and every member of your family is completely covered in the event of a mishap where coverage is required. This is where a qualified travel insurance agent can assist you in making the right decisions for you and your family.
If not, for example, a simple fall resulting in a broken hip could cost you dearly in a foreign country!
Cheap Travel Insurance Policies Note:
Here is a prime example that recently happened on our last trip into the United States from Canada. While traveling in our Recreational Vehicle down south, my wife came down with an unexpected minor illness that required medical attention.
After 2 visits to the doctor, lab tests and prescription medication, the bill came to almost $1000 in U.S. funds. If not for our travel medical insurance, this would have taken quite a bite out of our travel expenses.
This was just a minor illness and I cannot imagine what the cost would be for something much more serious in nature!
Low Cost Travel Insurance
Today, many people, like ourselves, have travel and medical coverage supplied with their chosen credit cards. This is often a great option, but you must be aware of what exactly is included and what is exempt in your credit card insurance coverage!
If you have trouble understanding or reading the coverage, which is the case most times for many of us, get a bank representative where your card is issued from to explain the policy for you.
I know our card has many exclusions that one may just take for granted. For example;
➡ Do you know what the total amount of coverage in dollars is?
➡ How many members of your family are included?
➡ How many travel days are included in the policy?
➡ What the coverage is for any pre-existing conditions?
➡ What previous medical conditions are not covered?
➡ What sports and activities are allowed?
So as you can see, the travel insurance provided by your credit card company, may not be really what you think! Again, you must read the fine print in the policy or have it explained to you.
Trip Cancellation & Interruption Insurance Policies
Trip cancellation or trip interruption is another reason you may want to consider travel insurance. For example, let’s say you have previously paid a great deal of money up front for one of those terrific all inclusive family vacations . At the last moment you may have to cancel that trip for one reason or another.
Without this insurance, everything you have paid to that point is lost and for a typical family, it could mean thousands of dollars paid for airfare, deposits and so forth … gone!
With the proper trip cancellation insurance in place when you purchased your vacation package, in most cases, you would be fully reimbursed for what you paid.
With The Right Insurance Policy You Are Covered
The same goes for trip interruption. Let’s say you have a connecting flight and it’s cancelled while you are in transit for a reason that the airline would not be responsible for. Now what? 🙁
You and your family are forced to stay overnight, get a hotel, pay for extra meals, transportation and so on. With trip interruption insurance, you are taken care of!
Same goes for baggage. Have you ever been the victim of Lost Travel Luggage? Then you know how disrupting that can be for travel of any kind. Loss of baggage insurance will take care of replacing those items you need now!
Government health plans may not cover all emergency medical expenses once you leave your home and generally coverage is extremely limited once you leave the country.
You can purchase your travel insurance easily from any local insurance office or online with any one of the major insurance providers. They all offer competitive rates and excellent family all inclusive insurance packages to suit your travel needs.
You can also choose individual medical, trip interruption, trip cancellation and/or loss of baggage insurance.
So if you are planning that dream cruise or taking a family vacation, be sure to include the best travel insurance possible for you and your family. Do your homework before selecting those Cheap Travel Insurance Policies.
Insurance companies are very competitive with one another and I have discovered that the best insurance suppliers most often are the cheapest providers any way! 🙂
Need a few more tips on Travel Insurance? Check out this Travel Experts post on Travel Coverage Tips, in the link below.
Many concerns have been raised regarding your travel insurance coverage relating to the Coronavirus pandemic. It’s vital that you understand and review the small print on your travel insurance well before travel.
Many airlines, vacation packages, cruises and so on, have recently introduced Covid-19 travel protection. This is great, but as one travel expert recently stated – you still have to be clear on exactly what that coverage includes. For example, your local government may have a travel advisory in place for your chosen destination warning against all but essential travel. This could very well exclude your coverage.
It’s important to read your policy documents and to call to confirm what is and what is not included. If you purchased your policy before the corona virus outbreak as many have when buying an annual policy, changes may well have occurred to your coverage. Check official websites for policy changes or contact your provider for more details on such changes that may have occurred.
Safe and Healthy Travels! 🙂
Did You Know …
“Travel Insurance Can Be Purchased At A Discount For Annual Policies To Help Save You Money.”
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