Reasons to Buy Travel Insurance
The U.S Travel Insurance Association has reported that more and more people are buying travel insurance. In fact since 2001, the percent of leisure travelers who bought insurance went from 8% to almost 30%. This increase could be because an uncertain economy or the general feeling of uncertainty on account of the aftermath of 9/11; nevertheless travelers want some peace of mind. People want the security and assurance that they have their finances covered.
People may buy insurance for a variety of reason, but the most important reasons to buy travel insurance are as follows:
- To protect your health
- To cover medical costs in case of an emergency or if you get sick
- To cover to the costs of going home in case of an evacuation
- To ensure you don’t loose your money should your trip have to be canceled
- If you plan to participate in adventure and extreme sports
- To protect and cover the cost of your personal belongings
- Peace of mind and security
Questions You Need To Ask Your Travel Insurance Company
Before you make your decision you will need to look at a few factors before you decide on a policy. Here are some helpful questions that can help make your decision easier.
What medical expenditures do they cover?
This is an important factor in your travel insurance policy. You need to know what is covered if you get sick or injured. Figure out what each company offers and see what suits your needs. If you will be snorkeling in the Caribbean, you won’t need dental insurance, so don’t let that be your deciding factor.
Should there be an emergency how can you contact your insurance company?
The company you choose should be easy to reach. If there is an emergency, you want to be certain that they are reachable and you want to know how to reach them.
What is the limit if you claim lost valuables?
Every insurance policy has a limit on lost valuables and personal belongings. Find out the exact value of that limit.
Do they cover cancellations?
If your flight or train is canceled because of a strike or inclement weather, you need to know if you are covered.
Do they cover personal liability?
If you get into an accident and another person is injured as well, you need to know if they will cover your legal needs.
What countries do they cover?
Not all countries are covered in each plan. Some countries have expensive health care and may not be covered. Make sure to ask these questions before it’s too late.
What is the cost of similar policies from other companies?
You want to weight all your options. Make sure to do your research before you choose an insurance company.
If you decide to buy travel insurance, you will need to decide which Type of Travel Insurance.
Based upon the questions we asked above, and overall costs and needs we believe that World Nomads is a good option.
5 things you should know about World Nomads Travel Insurance
- How do I make a claim?
With World Nomads Travel Insurance you can claim online even if you are still travelling. And if you don’t entirely trust insurance companies, have a look at how World Nomads have helped some of their travellers. - Who can buy it?
World Nomads Travel Insurance is available to residents of over 150 countries. - Extend your cover
Had a change of travel plans? Unlike other policies, World Nomads allows you to extend your policy while you are still travelling. - What can I do?
World Nomads cover most adventure sports from bungee jumping in New Zealand to white-water rafting in Colorado. - How do I buy it?
You can only buy World Nomads policies online using a credit card. To start, please choose your country of residence.
