Travel insurance is an important purchase and should be considered carefully. With the Coronavirus (COVID-19) health scare creating worldwide concern, some travelers are choosing to cancel trips. Many are inquiring as to what type of reimbursement they’ll receive — if any. Knowing specifics of vacation cancellation and medical coverage is beneficial when planning your next getaway. Here Are Guidelines to Help Choose the Correct Option Distinguish if you’re purchasing travel protection or travel insurance. Select vacation booking sites, such as Orbitz and Travelocity, offer inexpensive protection waivers. These usually allow you to change plans for any reason without charging a fee. Should you need to cancel your vacation, they may not refund all the money. Protection may cover a portion of the trip, and not fully reimburse a cancellation. Instead, they'll issue a credit for future travel. Trip protection is usually offered by tour operators and cruise lines, and can be full of exclusions. Travel insurance is underwritten by insurance companies and regulated by state agencies. Reputable insurance providers are members of the US Travel Insurance Association and rated by AM Best. When purchasing, choose a well-known name. World Nomads, InsureMyTrip, or Travel Insurance Center are a few. These tailor packages to suit your needs. Policies cover medical care if you need to see a doctor abroad, as well as personal loss, damages, or stolen luggage. While this coverage cost more, it’s worth the extra money. Especially for expensive international trips. Providers recommend purchasing insurance when making your first trip payment, such as airfare or a cruise. This will maximize your coverage if you have to cancel. Credit cards are another travel insurance option. Credit cards offer travel reimbursement when flights, trains, and hotels, are charged onto the card. Chase Sapphire Reserve is touted as one of the best. Their
Travel insurance is an important purchase and should be considered carefully. With the Coronavirus (COVID-19) health scare creating worldwide concern, some travelers are choosing to cancel trips. Many are inquiring as to what type of reimbursement they’ll receive — if any. Knowing specifics of vacation cancellation and medical coverage is beneficial when planning your next
