5 Reasons Why You Need Travel Insurance


Whether you’re traveling for work or leisure, you are leaving the safety of your home behind. It doesn’t matter whether you’re going to some other part of your country or flying abroad – it’s a considerable investment which most of us cannot afford to lose. 

In spite of this, most of us tend to look at travel insurance as just another expense we can afford to not spend money on. 

However, having travel insurance will come in handy in a lot of ways. It doesn’t just protect you and your loved ones against medical emergencies or the loss of an important possession; travel insurance provides a safety net for all sorts of problems you could face when you’re going somewhere else, for example, medical emergency, surgery, or pre-existing conditions. And generally, older people are facing this kind of problems, because of their health conditions, so you need to insure their safety by investing in travel insurance for parents.

1. Unforeseen Medical Emergencies

A comprehensive travel insurance plan will protect you against any major and minor health-related expenses that you might have to pay for while on a trip somewhere. 

Major medical emergencies like an accident or contracting a disease may cost up to thousands of dollars in bills. It might be impossible to pay for without travel insurance. 

Even rudimentary medical care can leave us scrambling for change. The only way to deal with unforeseen medical expenses is to have travel insurance.

2. Trip Cancelation Benefits

If you have a sound travel insurance plan, it can help you pay for things that aren’t costs you’d be able to recover in another scenario. 

If you’ve already paid for something that isn’t refundable, travel insurance can help you recover at least part of the amount if the reason for cancelation is covered in the plan itself. 

Family emergencies, pet care emergencies, or child care emergencies might be some of the few reasons why you might need to avail trip cancelation benefits.

3. Travel and Baggage Delay Benefits

If you get held up at the airport, you can lose a lot of money while traveling. If you have paid for any time-sensitive reservations or just need a place to rest and clean up in, travel delay benefits will come in handy.

Similarly, if your baggage gets lost or misdirected by the airline staff, which may hold you up for hours, if not days, baggage delay benefits might just help you overcome this hiccup and let you get on with the rest of your trip by allowing you to afford the things you need while you’re out there. 

4. Loss of Passport or Other Important Documents

Carrying travel insurance is often the only thing that can help you if you lose important documents like passport, visa, etc. while you’re traveling. 

While the US Embassy can help you replace some of the documents, it can’t pay for an extended stay in a foreign country. 

What can help, however, is carrying travel insurance that covers costs related to loss of passport and visa. 

5. Stolen Credit Cards

If your travel insurance plan is good enough, you can get the money – spent by someone who has stolen your credit cards and used them freely – back. 

Final Thoughts

With a good, reliable travel insurance policy, you can safeguard yourself against every possible thing that may go wrong when you’re traveling. That’s why it’s an essential part of planning any trip, overseas or domestic.