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Top 7 Reasons Why You Need Travel Insurance

 

Top 7 Reasons Why You Need Travel Insurance

 

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Whenever you travel, even on short trips or to familiar places, it’s always smart to carry the proper amount of travel insurance. Not only does it provide financial security in case of theft, injury or unexpected cancellations, but it also provides peace of mind so you can focus on the fun parts of your trip without any added stress. The following list provides seven reasons why you need travel insurance when you go abroad, even if it’s just down the street!

If you love to travel, chances are you’ve often thought about what it would be like to have an extra income stream that allowed you to travel the world whenever you wanted to. But when you’re constantly traveling, it can be hard to earn an income at all, let alone make enough money to finance your next trip.

1) What if you get sick or have an accident?

If you get sick or have an accident, your coverage can help you with medical expenses, lost wages and more. Plus, what if the airline loses your luggage? With travel insurance, you can be reimbursed for any items that were lost or stolen. And if your flight is canceled due to weather delays or other unforeseen circumstances, a travel insurance policy will give you peace of mind knowing that you'll still be able to get home.

 

2) What about lost luggage, delayed flights or missed connections?

1. Lost luggage - If you lose your luggage on a flight, you may find yourself without the necessities for the duration of your trip.

2. Delayed flights - A delayed flight means that you will have to stay in an airport longer than anticipated and might even miss another connection to your destination.

3. Missed connections - If you miss a connecting flight, it's best to have travel insurance so that you can get back home as quickly as possible and with as much convenience as possible!

4. Medical emergencies abroad - Medical emergencies are not just limited to being at home-- if something happens while traveling abroad, medical expenses can be astronomical.

 

3) What happens if you can’t travel as planned?

What if you get sick and can't travel? What if your wallet is stolen or lost on the way to the airport? What if your flight is delayed and you miss your connection? All of these things can happen, and they're just a few examples of why travel insurance may be worth it. It's important to research what types of coverage are available for your specific trip, but know that no matter what type of plan you choose, it's better than nothing at all!

 

4) Did you know that traveling without insurance is against the law in Australia?

If you don't have travel insurance and you are traveling abroad, you could be breaking the law. It's not a good idea to take chances with your health when it is so easy to purchase travel insurance.

For many travelers, the only time they might think about travel insurance is if they are taking an expensive vacation or traveling on a business trip. However, even if your trip isn't that expensive or complicated, it is still important to purchase travel insurance.

 

5) Who needs travel insurance?

No one wants to think about the worst happening while they're on vacation, but it's always best to be prepared. If you or someone in your family has a serious medical condition, travel insurance can help cover the costs of expensive treatments and procedures while abroad. It also covers you if you have an accident or if your baggage is lost or stolen. The most important reason for travel insurance is that it can help with the financial burden of being stranded abroad due to unforeseen events like natural disasters, civil unrest, and terrorism. A trip may be a once-in-a-lifetime opportunity for some people and many don't want to risk missing out on that chance just because they didn't plan well.

 

6) How do I know which type of policy suits my needs?

Trip cancellation insurance covers expenses incurred for things like pre-paid hotels, car rentals and airfares if you are unable to go on your trip due to reasons like illness or the death of a family member. Trip interruption insurance is useful in the event that you find yourself stranded somewhere because of a natural disaster or other unforeseen event.

For example, if your flight home gets cancelled due to a snowstorm, this will cover your hotel room and food while you wait for the storm to pass.

If something happens and you're unable to travel as planned, trip cancellation coverage can reimburse some or all of your costs associated with nonrefundable travel arrangements such as airfare and lodging.

 

7) Do I need both trip cancellation and trip interruption cover?

There are two types of travel insurance, trip cancellation and trip interruption. Trip cancellation covers the cost of your flights and accommodation if you have to cancel your trip because something happened. Trip interruption cover will cover the cost of additional expenses if you need to cancel your trip due to a family emergency, natural disaster or other unforeseen events.

If you’re booking a vacation, then it is worth getting both types of coverage for peace of mind. If you’re leaving for business or work then it is advisable to only get trip cancellation coverage as the emergency evacuation and repatriation will be covered by work benefits.

 

Protecting yourself with travel insurance sounds like a no-brainer, doesn’t it? It may cost you more in the short term, but you’ll have peace of mind knowing that you’re covered in case of emergency or accident. But not everyone gets travel insurance when they take off on their next adventure.


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