Having Travel Insurance is very important for some people. They cannot go without having one. But for others, purchasing travel insurance is not necessary and it will just be an added expense for them. Deciding whether or not to purchase travel insurance is up to you. But when should you purchase travel insurance and when is it unnecessary to get one?
You may not need to purchase travel insurance if you have enough coverage from your other insurance policies. Most credit card companies provide trip cancellation and travel assistance to their credit card holders. This will provide coverage for your luggage in case it gets lost, stolen or damaged and also when your trip gets cancelled or delayed. Health coverage is very important in your travel insurance in case something happens to you while traveling. But this may already be covered by your health insurance so getting travel insurance may no longer be needed.
On the other hand, if you are traveling overseas, you may not be covered by your health insurance policy and thus you need travel insurance. Your travel insurance may also include emergency evacuation which is very essential in case of an emergency while overseas. Keep in mind that medical costs abroad could be very expensive and having low cost travel insurance can help you with the costs.
Travel Insurance will also give you that peace of mind when traveling. Most people travel to relax and have fun. Knowing that you are well covered with your travel insurance will make your trip enjoyable as you don’t have to worry about a lot of things. However, your travel insurance also has its limitations. For instance, pre existing conditions may not be covered. So before you purchase your travel insurance, make sure that you read the fine print to find out what is included and excluded from your travel insurance.
If you are a senior traveler it would be a good idea to read this information: Cheap Travel Insurance for Over 65 Year Olds. And older travelers can find a great deal if they use Age Concern Travel Insurance or Marks and Spencer Travel Insurance.