Sep 1, 2021
We’re getting optimistic about traveling in the post-pandemic world. As you begin to make your travel plans again—whether in the U.S. or abroad—it’s also a good time to consider travel insurance.
Travel insurance provides a safety net if you need to cancel a trip, get sick before or during vacation, lose your bags, and many other problems. If you’ve never purchased travel insurance before, you may be wondering how to find the best travel insurance.
Travel insurance, like any type of insurance, can be complicated. “Do your homework,” says Jeremy Murchland, president of Seven Corners, a travel insurance company. He suggests you review benefits and policy terms to make sure you’re getting the coverage you need.
A travel insurance agent can help you match coverage to your specific trip concerns.
Travel medical insurance is often a top priority. “Remember, your domestic health insurance may not travel with you internationally and the insurance coverage you think you have on your credit card may be very limited and insufficient coverage,” he says. In addition, Medicare typically provides no coverage outside the U.S.
Along with medical coverage, look for emergency medical evacuation coverage—especially if you’ll be traveling to remote areas. This coverage pays to get you to the nearest adequate medical facility when necessary.
A travel insurance agent can help you choose other coverage types as needed, such as baggage coverage and insurance for trip delays.
If you’re a first-time buyer, it’s important to know that travel insurance is a small investment compared to total trip costs and peace of mind, says Murchland.
For example, trip cancellation insurance reimburses you 100% for money you lose when you have to cancel a trip. You have to cancel for a reason covered by policy (such as an injury or illness, or the death of a family member). You can make a claim for your pre-paid and non-refundable trip costs.
“As a traveler myself, I want to make sure that my family is protected in the case of an accident or medical emergency, and I want to make sure that my financial investment in the vacation is covered in the event our trip is canceled or interrupted for some reason,” he says. “We manage cases daily for all types of travelers around the world who are thankful they had travel insurance.”
Read more for additional tips.