I know, I know.  Travel Insurance seems like an unnecessary expense when you’re still high from the excitement of that awesome travel deal you just booked.  However, there are lots of unknowns that could happen before and during your trip that could add on to your total travel costs, big time.  Here are some things you should consider before you skip travel insurance.

Trip Interruption

Imagine your disappointment if your trip was interrupted by a flight cancellation, sickness, or emergency at home and you had to eat the whole cost of your trip.  I’d be livid!  However, travel insurance often covers the cost of your trip, if any portion of it is cancelled for a covered reason.  Similarly, if your flight is delayed by 5 hours or more, your insurance will cover you up to a certain amount (Travelex Insurance Services covers up to $500) for hotel accommodations, meals, telephone calls and local transportation while you are delayed.

Lost Baggage

Picture this:  You arrive to your long awaited beach destination, only to find out your bags are delayed!  You wouldn’t want to spend the next day or so walking around in jeans, or have to incur costs to get new clothes and toiletries.  Travelex will cover you up to $100 for baggage delayed by 12 hours or more.  If it turns out your bags are lost, the insurance will cover you up to $500.

Medical Insurance

Does your current medical insurance cover you while you’re abroad?  Mine didn’t.  I’m sure this is the last thing you want to think about when booking an exciting trip, but you need to know if you’re covered in the event that you come down with an illness or end up in a car accident while you’re away.  A lot of health insurance plans do not cover you abroad.  Check with your current health insurance provider to see if you’re covered.

Emergency Evacuation & Repatriation

In the event that you need emergency medical care and need to be evacuated to the nearest major hospital, the costs of flights and medical care en route would be astronomical.  Also, in the extremely unfortunate event that you do not recover from your illness or injuries, you do not want to burden your family with the cost of bringing your body back to your home country.

 

Sorry to get so dark, guys.  I know they aren’t sexy, but they are definitely some things you need to consider before you decide to skip travel insurance!  Some credit cards offer some insurance as well, such as Lost Baggage, Trip Interruption, and Accidental Death and Dismemberment.  Some offer “Travel and Emergency Assistance”, but this is not to be confused with “coverage”.  Assistance just means that they will help you coordinate your medical and emergency services.  Be sure to consider the likelihood that any of these things will happen, the coverage you already have, and the total value of your trip when making a decision.