When it comes to traveling and planning a trip, everyone has their own checklist of necessities to run through. But one thing most Americans aren’t including in their travel plans? Travel Insurance. If you’ve ever felt on the fence about whether or not you should make the purchase, keep reading to find out whether or not travel insurance is right for you.
friend JAD/Flickr
hjl/Flickr First off, there are a variety of Vacation Plans that you can purchase for traveling. Most travelers end up going with a company’s “Cancel For Any Reason” policy that usually comes in handy. Most insurance companies will give you roughly 75 cents on the dollar when it comes to reimbursing your trip if it gets canceled and you have purchased this policy. Something you’ll want to be aware of though? Many companies have a period of one to two days prior to your trip where you aren’t allowed to cancel for any reason and you won’t be refunded.
If you’re also unfamiliar with most travel insurance policies, you should know that travel insurance prices vary for every traveler. The cost of travel insurance will usually be about 5% of whatever the cost of your trip is, and is based on the length of your trip, the cost of your trip, and how old you are. One last helpful tip to keep in mind? Most companies will also offer annual travel insurance policies, so if you’re a frequent flyer - you can purchase a year’s worth of insurance and protection!
Wondering what other travel expenses are worth buying? Then read about Why TSA Pre-Check Is Worth Every Penny!
friend JAD/Flickr
hjl/Flickr
First off, there are a variety of Vacation Plans that you can purchase for traveling. Most travelers end up going with a company’s “Cancel For Any Reason” policy that usually comes in handy. Most insurance companies will give you roughly 75 cents on the dollar when it comes to reimbursing your trip if it gets canceled and you have purchased this policy. Something you’ll want to be aware of though? Many companies have a period of one to two days prior to your trip where you aren’t allowed to cancel for any reason and you won’t be refunded.
If you’re also unfamiliar with most travel insurance policies, you should know that travel insurance prices vary for every traveler. The cost of travel insurance will usually be about 5% of whatever the cost of your trip is, and is based on the length of your trip, the cost of your trip, and how old you are. One last helpful tip to keep in mind? Most companies will also offer annual travel insurance policies, so if you’re a frequent flyer - you can purchase a year’s worth of insurance and protection!
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