Why You Should Get Travel Insurance

Although most of us are not traveling right now, learning about travel insurance can help you consider getting it for your future trips. Although some people overlook this insurance and think it’s a waste of money, it can be beneficial in many ways. You can end up dealing with many more problems without it than when you are prepared and have it on your trip. There are various ways travel insurance can help protect you and save you money.

Trip Cancellations

Hopefully, this does not occur, yet it is possible that you need to cancel a trip. If you need to cancel a trip, you usually do not get a refund from the travel company. This is especially true with planes and resorts since they only have limited spots. As a result, thousands of dollars can quickly go down the drain. On the contrary, you will be much more covered when you do have travel insurance. Regardless of the company’s policies, you will get your money refunded for the entire trip.

Medical Emergency

This is one of the main reasons why you should get travel insurance. If you happen to have a medical emergency in another country, they will not have the same health care system as Canada. This means that your health care will not work in another country to cover the health care expense you receive. You could easily spend thousands on something that would cost a portion of that in Canada. To avoid dealing with a situation like this, having travel insurance will cover any injury or health care you need while traveling.

Lost Luggage

The most inconvenient thing that can happen on a trip is when your luggage is lost at the airport. This will include all your items, such as clothing, toiletries, and other personal belongings/ This can affect your trip. What will usually happen is that the airport will contact you when they find your bags. This can take a while, even till after the trip is finished, for them to locate your missing things. With life insurance, the airport will refund you for what went out. With this money, you can purchase some other clothes and necessities for your trip.

Stolen Items

It is not what you want to happen on a trip, yet it is common for thefts to occur. Some things are more replaceable than others, yet some items may be precious to you. For example, if you have money or other valuables stolen, then travel insurance can usually cover it. Yet if something more personal was stolen, it might not be covered under travel insurance. Your regular home insurance would most likely cover something like this. To avoid having valuables stolen on a trip, though, ensure that you keep them out of sight and keep personal valuables at home.

Overall, it certainly is worth the money to get travel insurance. Although there is a chance that nothing goes wrong on your trip, it is better to be prepared than expect everything to go well.

If you have any questions about getting travel insurance, please reach out to us!

Sources

-Egan, John. Metz, Jason (2021). Should You Buy Travel Insurance. Forbes. Retreived from https://www.forbes.com/advisor/travel-insurance/should-you-buy-travel-insurance/ 

-Sonnet (2019). Are My Valuables Covered For Thefts When Traveling. Retrieved from https://www.sonnet.ca/blog/home/are-valuables-covered-for-theft-when-travelling#:~:text=Travel%20insurance%20can%20cover%20emergency,any%20stolen%20or%20lost%20items.