There are many different scenarios that can quickly turn a dream vacation into a nightmare. While it simply isn't possible to plan for every possible eventuality, it's certainly possible to hedge your bets by purchasing a good travel insurance policy prior to departing on your journey. Here are seven of the most common reasons why travel insurance is an excellent investment.
A medical emergency in another country can be costly and even frightening, particularly if you are visiting an area where adequate medical treatment is not available and it becomes necessary for you to be medically evacuated. Although no one wants to think about the possibility that they may become injured or ill when on vacation, these things do happen.
Being prepared by purchasing travel insurance will help lessen the stress and confusion of you and your travel companions in the event that unexpected injuries or illnesses occur. You'll be able to get help locating your bags as quickly as possible as well as assistance filling emergency prescriptions.
Lost or Stolen Luggage
Lost or stolen luggage can completely ruin anyone's vacation, particularly if your luggage is carrying items essential to your health. For instance, if you're a diabetic who is dependent on insulin, a lost suitcase carrying your medical supplies can be disastrous.
Even if your luggage contains doesn't contain essential medical supplies, its contents are nonetheless of value. A good travel insurance policy can ensure that you get adequately reimbursed in the event that your luggage has been stolen or irretrievably lost.
Your Passport and Other ID Are Stolen
Every traveler's nightmare is that their passport and/or other personal identification documents are lost or stolen while they are visiting a foreign country. Travel insurance can help you get your passport replaced as soon as possible, as well as provide you with emergency cash if your credit cards, cash, or travelers' checks are lost or stolen.
Unexpected Acts of Nature
If you're forced to evacuate a place you're visiting due to a natural disaster such as a flood, hurricane, earthquake, or tsunami, you may have trouble getting reimbursed for your lodging and travel costs. Good travel insurance can ensure your vacation investment isn't completely lost because of an act of nature and can also help you with evacuation plans.
This can be particularly helpful if you're planning to visit an area with a high incidence of hurricanes or other violent acts of nature.
If someone in your immediate family becomes ill or injured and you have to cancel your travel plans, the right travel insurance policy can make certain that you're reimbursed for the majority of your travel costs, even if the person in question isn't one of your travel companions.
For instance, if your brother-in-law gets into a car accident and you want to cancel your travel plans so that you can be there to provide emotional support to your sister and other family members, your travel insurance policy can reimburse you for the majority of your travel costs.
If a hotel, cruise, or tour goes out of business after you've paid for rooms or purchased tickets, you may be out of luck if you don't have travel insurance. Fortunately, a good travel insurance policy will minimize the risk of losing money in the event that a service you've paid for become unavailable in the event that the provider goes bankrupt.
A good travel insurance policy will offer 24-hour service, something that can be invaluable when you're visiting a country in a different time zone. After all, when dealing with travel inconveniences or emergencies, the last thing you need is to wait for the insurance company's office to open.