Travel Insurance

Nadia’s Advice: Buy Travel Insurance

Statistics: 30% of travelers buy insurance compare to 70% cruisers.

10 Reasons to Buy Travel Insurance

1. Protection against the unexpected

2. Peace of mind

3. Protection over losing the financial investment in a trip

4. You can’t make the trip due to work, sickness or simply you changed your mind

5. Your flight may be cancelled or delayed and you can’t be on your boat

6.  You may be involved into accident

7. Your airline, cruise line or tour operator may be bankrupt

8. You may be in medical emergency overseas

9. A hurricane may hit area you plan to visit

10. A terrorist incident may be happened in city you plan to visit

In Which Situations to Buy Insurance

YES

1.    Expensive once-in-a lifetime cruise or trip from $4,000, buy from third-party provider, not from the cruise line or tour operator

2.    You travel internationally. Your health insurance in most cases has limitations or doesn’t cover you at all while you overseas. If you are on non-US flagged ship, you must have other then you traditional health insurance. Your health care insurance in most cases doesn’t cover your medical evacuation or remains transportation. In most foreign hospitals they allow you to be treated but don’t allow you to be released without payment. Travel insurance helps you to negotiate payments and avoid being overcharged.

3.    You have check-in baggage. If you don’t have insurance, your lost baggage cost you $9.07 per pound. Additionally, it is big list of item that are not covered by airline liability as jewels, furs, documents, etc and depreciation value of personal items. Compare risk of not buying insurance and coverage that offer travel insurance.

4.    You are not sure if you make the trip when you pay non-refundable fare. If you have uncertainty in your job, better to buy ‘cancel for job-related reason.’

5.    If you have family members with medical issues. This means that you must cancel your vacation because of their state. This is a covered reason for travel insurance.

6.    You are going to participate in adventures activities as scuba diving or snowboarding. At this case you need additional coverage that offered by travel insurance.

7.    You travel to exotic destination where economic or political non-stability may be occurring and you may be forced to cancel your trip.

NO

1.    Cheap air ticket

2.    You go to very simple trip that may be protected by your credit card company. If you paid with credit card and  airline goes out of business before your flight, you are covered because you bought contracted service and did/t gets it. Read the fine print about this coverage.