HELL YES, you need travel insurance!
Whew! We thought 2021’s Revenge Travel was extreme but that surge registers low on the Richter scale versus 2022’s Summer of Travel Chaos.
Are you covered? Do you have travel insurance for the inevitable?
I know that some of you might’ve booked flights and/or vacations on your own and I wish you the best. I hope you at least purchased travel insurance to cover the extra expenses caused by delays, interruptions, and cancellations.
What is travel insurance?
Travel Insurance covers medical expenses, trip cancellation, financial default of travel suppliers, and other losses incurred either before your vacation or while traveling, either domestically or internationally.
With travel insurance, you buy a policy to cover a specific vacation or an annual policy to cover multiple travels within a year.
What does travel insurance typically cover?
There are different levels of plans to choose from, covering anything and everything, or flights only, or medical only, etc. Nonetheless, the cost of travel insurance is insignificant compared to what you might spend in case of an emergency or for any of the reasons listed below.
1. Trip Cancellation
In case you need to cancel your trip prior to departure, it will reimburse the pre-paid, non-refundable portion of your trip cost for a number of reasons such as sickness (you, a family member, or a person you’re traveling with), injury (you, a family member, or a person you are traveling with), bankruptcy, terrorism, etc.
2. Medical Care
Medical providers outside of your insurance plan and especially outside the United States often ask for up-front payments for medical services that can be very costly if you get sick or injured while abroad. Your health insurance may not cover you outside of the USA or you may have limited coverage. Travel insurance covers these costs. Travel insurance also covers medical evacuation if you needed to be emergency transported to a nearby medical facility, or transported home.
3. Trip Interruption
In case you need to return home from your trip early due to covered reasons, it will help you pay for additional expenses to make arrangements to return home early.
4. Missed Connection/Flight Delays or Flight Cancellation
You can be reimbursed for expenses incurred in case of a missed connection, flight delay, or flight cancellation.
5. Lost or Delayed Luggage and Personal Effects
You will be reimbursed for items lost, stolen, or damaged in transit, and will cover expenses incurred if your luggage is delayed. You can also choose coverage for lost credit cards and passports.
6. Travel Assistance Services
Travel Insurance also comes with assistance services such as medical or legal assistance, evacuation assistance, lost baggage retrieval, and concierge services.
6. Other Services
Travel Insurance usually covers rental car damage, accidental death and dismemberment, and repatriation costs. Some policies will even cover change fees and loyalty program redeposit fees. You can also add on options to cover extreme sports participation, computers and electronics, golf clubs, skis, and other overly large items or waive pre-existing conditions.
Annual policy options
If you take vacations more than twice a year, you may also want to consider an Annual Travel Insurance policy. A year-long policy might come out to be less expensive than purchasing travel insurance for every trip.
Why do I recommend travel insurance?
Last-minute flight cancellations have been in the thousands per day in the USA alone this year. Flight delays, long lines at check-in and security, and plus lost luggage have added to the misery. Europe and the rest of the world are also experiencing this craziness.
Worldwide staff shortages, particularly pilots, have ruined vacations for millions across the globe. We have to include hotels, resorts, cruises, tours, etc.
The worst is yet to come though as it’s just mid-June, so… brace yourselves, pack your patience, and be prepared!
I always recommend a CFAR* (cancel for any reason) travel insurance policy.
Many travel insurance companies are no longer covering travelers if they decide not to travel because of COVID-19 risks or if they develop a fear of travel. This is because COVID is now considered a “known risk”. If you are worried about trip cancellation or trip interruption coverage because of the COVID situation, I highly recommend purchasing a CFAR* (cancel for any reason) travel insurance policy. These policies are usually more expensive but will give you the best chance of filing a claim should any event prevent you from traveling.
*What is CFAR travel insurance?
A CFAR (cancel for any reason) travel insurance policy usually must be purchased within 7-14 days of the initial trip deposit/payment as an add-on feature (or a paid upgrade) to a standard trip insurance policy. CFAR ensures that a traveler receives a refund of 50-100% of their insured non-refundable and pre-paid trip costs if they choose to cancel their trip for any reason at all.
How do I purchase travel insurance for my trip?
SelfishMe Travel values you as a client and wants to do everything possible to make sure your trips are enjoyable and worry-free. Book a chat with me so that I can help you find the right coverage.
Or you can try this tool to comparison shop. SelfishMe Travel does not assume any liability if you purchase trael insurance through this link.