Monday, January 27, 2014
Should You Purchase Travel Insurance?
According to a study I read, over 50% of Americans don't know what travel insurance covers. Do you know? Do you purchase travel insurance?
Here are some facts from a report from ThePointsGuy.com, a travel news and advice website.
Expensive trips to international destinations with limited access to medical care...good time to have travel insurance.
Travel insurance does not protect against all types of trip cancellations.
Refundable airline tickets are probably better than travel insurance if you are worried about changing your mind. Travel insurance doesn't usually reimburse for a simple change of plans.
Ask your credit card companies about protection they offer when you use their cards for traveling.
If you are getting travel insurance for medical reasons, ask detailed questions about the coverage offered. Also, ask about providers and access to them.
Concerned about stolen luggage? Make sure that is covered by the policy.