When calculating the cost of that international vacation you’ve been dreaming about (or that droll cross country business trip you’re dreading), there are some sneaky costs to budget for out front. At the forefront of these additional expenses that you need to consider are insurances.
The two biggest types of travel insurance are trip health insurance and trip cancellation insurance. Both provide crucial services when traveling either internationally or within the United States.
Trip Cancellation Insurance
There are valid reasons for not being able to take a trip that the airline won’t honor. Paramount among these reasons would be a death in the immediate family or getting in an accident and ending up in the hospital. It is these tragic events where you can’t realistically make your trip and without travel insurance (trip cancellation only), you’d be losing out on your ticket.
Trip cancellation insurance is also good in cases where you’ve booked and paid for your ticket, only to have the airline you purchased from go out of business. In today’s tumultuous economic state, smaller airlines are in danger of going out of business. An airline which goes out of business will not be giving you a refund; trip cancellation insurance protects your investment in your ticket.
Decide whether you want to invest in trip cancellation travel insurance (for business trips or pleasure) before you book your tickets. Then once the ticket is booked go and get your insurance. The longer you wait after booking the ticket, the greater the chance the insurance company agrees to insure you. The insurance company will see that delay as you trying to get the insurance retroactively to a trip canceling occurrence.
Trip Health Insurance
Imagine being on your travels and something happens. Perhaps a crazy driver hits your rental, or you fall and break your leg, or you contract some kind of disease. You or a loved one needs health care. Without trip health insurance you’ll be worrying about the quality of healthcare you receive, and the cost you will incur.
Traveler medical insurance will ensure you won’t have to worry about the cost of any unforeseen injury or illness. And, especially crucial in non-third world environments, will enable you to get good healthcare.
In the unfortunate event that the worst case happens and a death occurs during your travels, the cover (health insurance travel) will include the ensuing fees associated with preparation and transportation of the body. These fees tend to be very expensive without insurance and can result in needing to bury the body there instead of in your locality.
Researching the top travel insurance providers will ensure that you get the necessary coverage at the best price. International travel health insurance and trip cancellation insurance are both wise additions to your trip budget.
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