Travel Insurance: Is It Really Worth It?

For die-hard travel enthusiasts and family travelers, travel is a way of life and we always find a way to make it happen. But finer details like travel insurance are a luxury not every traveler can, or wants, to spring for. After all, why pay for something you may not ever need? The choice is a difficult one, so consider the benefits of travel insurance carefully before making your decision.

One of the biggest benefits of travel insurance is the piece of mind that comes with knowing if something goes wrong, you have some help in covering unexpected expenses. From delayed or canceled flights to lost or damaged luggage, travel insurance can help cover some, if not all, of the expenses that can take a botched vacation and make it even worse.

Since the onset of the COVID-19 pandemic, travel insurance covering COVID-19-related travel interruptions and medical expenses have become an absolute must. Whether you need emergency medical care, need to quarantine and re-book flights for a later date, or simply need to cancel your trip related to a COVID-19 illness, these plans are not only increasingly popular, but are also increasingly important as a worthwhile expense to budget for.

Of course, there are some drawbacks to travel insurance. It can be costly, can be something you never end up using (actually a really good thing!) and doesn’t cover everything. Be sure to review any plan carefully before purchasing one so you know what is covered and what isn’t, as well as how to file a claim and utilize your benefits.

It is also important find out what other coverage you may have. If you have booked through a tour company or use certain credit cards, you just might already have all the insurance you need without having to shell out for an insurance plan, leaving you free to spend those extra funds enjoying your vacation.