Get Travel Insurance For Personal or No Need?

Many travelers question whether travel insurance is necessary or not. It is useful for protecting yourself in the event of an accident or health problem abroad. So, you could say that having it is an important thing to consider. With that being said, do you think you’ll need travel insurance or maybe you don’t really need one? Check out this article to provide you with some helpful information!

Travel Insurance Facts

Travel insurance not only functions as personal protection from health problems during your trip. It also protects you from various unexpected risks while traveling. These include flight cancellations, flight delays, or luggage lost due to negligence of airline officials.

Below are facts about travel insurance to help you decide whether you need it or not:

Misperceptions 

Travel insurance often makes people hesitate to buy it. Is it a complicated process? This is clearly a wrong perception. You can have it processed and purchased online easily, anytime and anywhere.

Types 

There are mainly two types of travel insurance, domestic and international. Domestic travel insurance provides protection for domestic travel. Whereas, international one provides protection for mobility when traveling to, and from abroad. The protection provided adjusts to the terms and conditions of the insurance policy. The amount also varies according to the terms of the premium paid.

Average cost

Things included in travel insurance coverage are mainly for accidents, illness, and even death. Not only that, it also provides guaranteed protection if you lose your luggage or other items during your trip. So, how much does it cost?

In the U.S., the average cost of travel insurance is between $35-$200 on a single trip. Or, it’s mainly about 5-6% of your travel expenses. Overall, it costs less than any travel expenses you might incur. However, there are many risks along the way.

Times When the Insurance is Not Needed

Having travel insurance for the purpose of traveling is invaluable. However, there are times when you don’t really need one. Here are some cases when it is not necessary:

• Business trip— You don’t need one if you’re going on a domestic business trip paid by your company. Or, when your domestic travel is cheap. However, you must have one if you’re going on a business trip abroad. If you’re in doubt, ask the company if they have a business travel insurance It’s definitely useful to have a health coverage plan in case of an emergency.
• Travel you’ve already insured— You may already have a health insurance plan that can cover you while traveling to any destination. Or, you might already have the benefits via your credit card or from the airline company.
• Travel booked with points or airline mileage— Some credit card companies already provide credit card facilities with travel insurance. Likewise, with rewards points from airline miles which are available from several airlines.

So, do you think travel insurance is worth having or not? Please leave your comments down below and let us know what you think. Information from you is really needed for those who are in doubt. Especially, whether or not they need it for personal or no need.