Travel insurance is something many tourists consider buying before heading to their destination. It can be very helpful for specific situations. Depending on the person, the pros and cons of travel insurance may or may not be worth it. This guide will help you weigh both so you can decide if travel insurance is the choice for your next adventure.
The Case for Travel Insurance
Travel insurance can be a lifesaver if plans don’t go your way. By getting insured, you provide yourself with peace of mind and financial protection. Your flight could get cancelled, your luggage could get lost, or you could get hurt resulting in medical expenses. But you’ll still know that you have travel medical insurance to fall back on. This is especially important for international travel. Passengers can acquire travel insurance directly through Gate 1 if they book through the company, click this link to learn more. Why go through the hassle of dealing with the unexpected, when you can just insure yourself and not have to worry about it.
Medical Emergencies Abroad
One of the main arguments for travel insurance is gaining medical coverage. Most domestic health insurance plans do not cover international trips. If they are not insured and a person gets injured overseas, they could face out-of-pocket costs in the thousands. Travel medical insurance ensures the buyer that if an injury does occur, they will not have to worry about paying lucrative costs. Instead, the insurance purchased will help you out.
Financial Security for Your Trip
As mentioned previously, if uninsured, a prepaid non-refundable flight, hotel, or tour can cost you more than you’d like. Thanks to trip cancellation insurance, the coverage can help reimburse non-refundable expenses. This aspect of travel insurance can greatly aid those who have purchased expensive packages. The risk of potentially paying more is never worth it.
The Drawbacks to Consider
Though there are many pros of travel insurance, it is not always needed. Especially for low-cost trips, the cost of insurance may outweigh the benefits. Also, not all policies are comprehensive. Some come with strict exclusions, fine print, and reimbursement limits. Why purchase a specific insurance if it isn’t fully insured.
Alternatives
Before purchasing travel insurance, check to see if your credit card includes travel insurance benefits. Many premium travel credit cards offer basic coverage for:
- Trip cancellations
- Delayed baggage
- Rental car protection
- Emergency medical assistance
If you already have this coverage, standalone travel insurance may be unnecessary.
Final Verdict: It Depends on the Trip
So, is travel insurance worth it? That depends on your trip. If this is an expensive, once-in- a-lifetime vacation, then travel insurance is recommended. If the trip being booked isn’t too pricey and you’re comfortable taking the risk of getting uninsured, then there is no need to purchase. And if you still can’t decide, always check to see if any alternatives are available as well.
Gate 1 Travel Insurance Highlights
https://www.gate1travel.com/insurance
- Medical Coverage for illness or injury, including COVID-19
- Trip cancellation, interruption and delay benefits
- Baggage loss or delay protection
- Pre-existing medical condition exclusion waiver
- Protection plan must be elected within 21 days of booking
- Traveler must not be disabled from travel at the time that the policy is paid
- Emergency Medical Evacuation
- 24-hour emergency travel assistance (non-insurance services)
