Clay Coomer | Jan 27, 2023
We get it. Travel insurance is a boring, uninteresting topic. We do our best to spice it up with titillating stories and convincing reasons about why it's worth the money but what it really boils down to is cost vs. benefits. Most people can relate that insurance (of any type) does nothing but cost money and the value of a policy is rarely experienced. I'll get personal for a moment and use myself as an example.
If you're not doing the math, that equals $643.33 per month in just insurance expenses (or $7,719.96 annually: however you want to look at it.) Please keep in mind: that only includes premiums.
It stings a little to look at this and understand what I'm spending on insurance. But you know what? It's worth every penny to me. Why? Because that $643.33 protects me. It gives me legitimate peace of mind knowing if something happens to me, my kids, my wife, my car or my house I have coverage and won't go bankrupt paying massive bills.
So what's the point in me divulging this personal information? Insurance is worth it. And not just health, auto, homeowners or life insurance. PMI on the other hand does nothing to protect me what-so-ever. I could stand on another soapbox about that monthly payment but for now, I'll abstain. Moving on...
There's a lot of noise in the travel industry. Websites like Huffington Post,
USA Today, Travel + Leisure and
Condé Nast Traveler (to name a few) do an amazing job at boasting the best places to vacation with tips and tricks for
smoother, stress-free travel experiences. This author will argue, however, that they provide insufficient resources to their mass audience about traveling smarter by protecting trips with an insurance plan.
You know why they don't? Because it's boring and uninteresting. (see opening paragraph) The goal of the aforementioned publications is to instill hope and optimism. Not worry and fear.
Not only does Seven Corners strive to instill hope and optimism in travelers, our goal is also to provide assurance. We're making a concerted effort to spread the news about travel insurance in that it provides comfort, peace and further relaxation during trips. It allows travelers to be stress-free!
If you've tuned in to our blog lately you've probably noticed we've been talking a lot about different types of travel related insurance. The big three are:
One of those is the dark horse. The unknown plan that for some reason hasn't been [fully] discovered to it's unbelievable potential. It is... the best travel insurance plan you've never heard of.
It goes by many names but at Seven Corners, we call it trip protection insurance. Whether it's referred to as travel insurance, trip insurance, trip cancellation, trip interruption - it's all one in the same.
We don't simply call it travel insurance or trip cancellation insurance because it's much more than that. The hidden secret is that the plan also includes medical insurance as part of the policy.
While it’s a little more expensive than a travel medical insurance plan, it has the added plus of providing a nice package of benefits covering many components of your trip, including protection for your trip cost, medical expenses, baggage coverage, travel assistance services, and (if purchased) CFAR coverage: Cancel For Any Reason.
So I realize I've placed RoundTrip on a pedestal but the truth is, we encourage all travelers to buy the policy based on their specific needs. Generally speaking, RoundTrip is a better option for the average traveler.
However, there are a few considerations worth noting:
The takeaway here is spend a little more to protect (or cover) more of your trip. I'm not suggesting that you should disregard travel medical insurance. I'm simply bringing
to light the best (all-around) travel insurance plan you can buy.
We took the liberty of spelling everything out as clearly as possible below. Do yourself (and your family) a favor and cover every aspect of your trip - not just medical coverage. For detailed information about RoundTrip each plan, click here.
Important information from the United States Fire Insurance Company.
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