When you have worked hard and are ready to start playing hard, a little research can help you uncover that perfect spot to make some memories. Whether your idea of the perfect vacation is the mountains, the ocean, or an exotic foreign country, part of the fun is planning every little detail of your trip. However, there is one detail that is often overlooked and this can be a big mistake.
The one thing that most people do not think about when planning a vacation is the fact that it could be ruined. Inclement weather or a serious health emergency can put a huge damper on your holiday or cause you to have to cancel it completely. You have likely already spent a significant amount of money on your hotel, cruise, or rental—can you afford to lose all of the money you’ve laid out and contracted for in the event that you cannot go?
When it comes to purchasing travel insurance, the general rule of thumb has always been that anything over $10,000.00 should be insured. However, I don’t know about you, but I’d hate to lose $5,000, or even $3,000. Travel agents often will say that if you cannot afford (or just can’t stand the thought of) losing the money, then you should insure it.
Be sure that you read any travel insurance policy, even the fine print, to make sure you know all the exclusions. For instance, if you have insurance and a hurricane is heading toward your spot and appears to be ready to wipe the resort off the map, you’ll be able to cancel your vacation and file a claim. If indeed the hurricane hits, you’ll be able to recoup any money that you’ve paid out. But there is a catch 22; if you cancel your trip and the hurricane misses your vacation spot, most insurance policies will deny your claim. Therefore, it is extremely important that you are well aware of things that can end up ruining both your vacation and your budget as well.
Another advantage of travel insurance is that it can cover any medical emergencies that may arise while you are away from home. Let’s face it, no one plans on getting hurt or having a medical emergency, but it does happen and having travel insurance can make a scary experience a little less traumatic, especially if you are in a foreign country. More than likely, when you are out of the country, your regular health insurance will not cover you. But with travel coverage, you can relax knowing that medical procedures will be covered.
So it is worth your peace of mind to look into purchasing travel insurance the next time you are planning a trip, as the old saying goes it’s better to be safe than sorry. Additionally, if you are taking a road trip, travel insurance can cover you in the event your vehicle breaks down, but also look into cheap caravan insurance in the event of an accident or theft.
This article served as enlightenment to me since I sometimes have confusions on how to avail the travel insurance that I am into.