Trip Insurance Advice
Travel insurance may tack on an unwelcome price to your trip; however, compared with the costs you may incur if you don’t have it, insurance is a small price to pay.
To avoid paying more than you need to, look into the automatic coverage you receive from your existing insurance.
If you’re not clear about your needs or coverage, it’s always a good idea to contact your insurers directly rather than making any assumptions.
Before you purchase insurance for your trip, check your current homeowners and health insurance to make sure you’re not purchasing a plan for things you’re already covered for normally.
For instance, expensive things such as your laptop, jewelry or camera may fall under your homeowners insurance. Your health insurance may cover the cost of any medical bills you incur while on the road. Contact your insurance providers to inquire about what your specific plan covers.
Trip insurance falls into three distinct categories: trip cancellation/interruption (TCI), emergency medical coverage and evacuation and baggage loss. Trip cancellation will reimburse your travel costs if you are injured, ill or there is a death in your family. Emergency medical coverage and evacuation covers the costs of treatment and transportation if you are in a location far from appropriate medical facilities.
This type of insurance is generally only necessary if you are visiting a remote location. Baggage insurance will allow you to be reimbursed up to a certain dollar amount if your bags are lost, damaged or stolen.
Read travel insurance contracts carefully, so that you understand what you’re covered for and what you aren’t.
Trip cancellation/interruption insurance covers “named perils” which means that you may be reimbursed if you’re sick or a family member is dying; however, it won’t help you if you have travel delays resulting from weather problems, airline strikes or mechanical problems.
Rental Car Insurance
If you are renting a car on your trip, you must make sure that you are covered for collision and liability insurance. Your credit card or regular auto insurance may provide you with collision coverage.
According to Smarter Travel, your liability coverage is not part of your credit card’s services, but it may be covered by an “umbrella” plan, or your auto or household insurance. You must check with your insurance about your coverage; it’s vital to purchase this coverage at the car rental service if you are not covered.