Should You Buy the Cheapest Family Travel Insurance?
Well, that all depends on just what is included in that travel insurance package, and that’s why purchasing cheap travel insurance is not always best. You want to make certain that you and your family are completely covered in the event of any travel disruption.
Here is an excellent short video on the reality of traveling without travel insurance! This is no joke and can happen if you or a family member are caught unprotected in a foreign country.
It is when we least expect it that something does happen!
This short video is definitely worth the look. It’s produces by the British Columbia Auto Association and pretty much sums up why travel insurance is so important.
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There are a number of things to consider when looking at travel insurance. You want to be sure that you choose the insurance coverage that suits your travel plans. Your vacation planning should always include the appropriate travel insurance for the destination and activities included in your holiday. There are countless incidents that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling.
Let’s have a look at a few obvious reasons that could cause trip disruptions and some important things to take note of.
|You or a member of your family requires emergency medical and/or hospital treatment prior to or while away on vacation.|
This is without a doubt the most important reason for purchasing travel insurance. Travel medical is vital and should always be included in your travel budget for the entire family!
Don’t Look for the Cheapest Insurance Coverage Out There
It is very important that you know what you are purchasing, what is covered and what is not.
|Be informed and read the fine print!|
If you are choosing to purchase insurance online or with any insurance agency for that matter, be sure to question the coverage and again, read and /or have the policy explained to you in detail!
You want to absolutely be sure you and every member of your family is completely covered in the event of a mishap where coverage is required. This is where a qualified travel insurance agent can assist you in making the right decisions for you and your family. If not, for example, a simple fall resulting in a broken hip could cost you dearly in a foreign country!
Here is a prime example that just happened on our recent trip into the United States from Canada. While traveling in our Recreational Vehicle down south, my wife came down with an unexpected minor illness that required medical attention. After 2 visits tot he doctor, lab tests and prescription medication, the bill came to almost $1000 in U.S. funds. If not for our travel medical insurance, this would have taken quite a bite out of our travel expenses.
This was just a minor illness and I cannot imagine what the cost would be for something much more serious in nature!
Today, many people, like ourselves, have travel and medical coverage supplied with their chosen credit cards. This is often a great option, but you must be aware of what exactly is included and what is exempt in your credit card insurance coverage!
If you have trouble understanding or reading the coverage, which is the case most times for many of us, get a bank representative where your card is issued from to explain the policy for you.
I know our card has many exclusions that one may just take for granted. For example;
|Do you know what the total amount of coverage in dollars is?|
|How many members of your family are included?|
|How many travel days are included in the policy?|
|What the coverage is for any pre-existing conditions?|
|What previous medical conditions are not covered?|
|What sports and activities are allowed?|
So, as you can see, the travel insurance provided by your credit card company, may not be really what you think! Again, you must read the fine print in the policy or have it explained to you.‘
Trip cancellation or trip interruption is another reason you may want to consider travel insurance. For example, let’s say you have previously paid a great deal of money up front for one of those terrific all inclusive family vacations . At the last moment you may have to cancel that trip for one reason or another.
Without insurance, everything you have paid to that point is lost and for a typical family, it could mean thousands of dollars paid for airfare, deposits and so forth … gone!
With the proper trip cancellation insurance in place when you purchased your vacation package, in most cases, you would be fully reimbursed for what you paid.
With the Right Insurance You Are Covered
The same goes for trip interruption. Let’s say you have a connecting flight and it’s cancelled while you are in transit for a reason that the airline would not be responsible for. Now what? 🙁
You and your family are forced to stay overnight, get a hotel, pay for extra meals, transportation and so on. With trip interruption insurance, you are taken care of!
Same goes for baggage. Have you ever been the victim of lost baggage? Then you know how disrupting that can be for travel of any kind. Loss of baggage insurance will take care of replacing those items you need now!
Government health plans may not cover all emergency medical expenses once you leave your home and generally coverage is extremely limited once you leave the country.
You can purchase your travel insurance easily from any local insurance office or online with any one of the major insurance providers. They all offer competitive rates and excellent family all inclusive insurance packages to suit your travel needs. You can also choose individual medical, trip interruption, trip cancellation and/or loss of baggage insurance.
So if you are planning that dream cruise or taking a family vacation, be sure to include the best travel insurance possible for you and your family. Insurance companies are very competitive with one another and I have discovered that the best insurance suppliers most often are the cheapest providers any way! 🙂
Travel Insurance – Don’t Leave Home Without It!
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