Published August 9, 2022 12:00 AM
Is travel insurance worth the cost? Here are pros and cons to consider
For years, many of us viewed travel insurance as a waste of money, something we didn’t really need. But now, travel planning experts say things have changed. To see also : 5 Things I Learned From The Worst Travel Weekend This Summer. Now, there are a variety of things that insurance will cover when it comes to your travel investment.
ORLANDO, Fla. – For years, many of us looked at travel insurance as a waste of money, something we didn’t really need. But now, travel planning experts say things have changed.
Jenn Lee of Travel Planners International says, “Travel protection is no longer a nice-to-have. It’s a ‘must-have’. There are so many moving parts in today’s travel.”
Now, there are a variety of things that insurance will cover when it comes to your travel investment, for example if you miss your flight or connection if your flight is delayed, or if your luggage or passport is lost, if your trip is delayed cancel completely, or even if you become injured or ill, and it will prevent you from traveling.
The average cost of a policy is $271 according to travel insurance agency Square Mouth.
When deciding which insurance you should choose, Lee says it depends on a number of different factors, such as how much your trip will cost. If you’re spending a relatively small amount of money on travel – it’s probably not worth the most expensive insurance plan. It also depends on how long you will be there and if you are traveling with children. Every parent’s worst nightmare is having a child get sick on the trip. But, if it does happen, travel insurance can be a safety net for you and your budget.
Lee says, “We’re always telling our consumers, look at the investment you’re putting into your trip. Also what’s your ‘what if’ plan? What if you fall? Hurt yourself? Have a heart attack you. ? Something happens What’s your plan? .”
Travel insurance not only covers your trip, it can also cover unplanned stops. “People don’t realize that travel protection will give you extra money for inconvenience. So, let’s say you want to fly from Washington, DC all the way to California. Your DC flight gets canceled because of the weather . Maybe the airline is taking But if you have the right travel protection, it sometimes pays you up to $250 per person for the inconvenience,” says Lee.
When it comes to the pros and cons of travel insurance, there are many advantages, but the cost can be a major disadvantage. It can be expensive. Your travel insurance claim may be refused, and some policies may have loopholes. But of course, only you can decide whether it is best to add travel insurance to your trip.
