Posted on January 25, 2010.
Is travel insurance worth the cost? When booking a trip abroad, a travel agent usually encourage you to purchase travel insurance. Depending on your preconceived notions about travel insurance, you might think two different things. You can see it as a necessity or a waste of money. So who is?
Too many travelers feel that "nothing bad will happen", but again, anyone can suffer a heart attack in the world. Sounds very unlikely? Consider this then. In 2004, the tsunami struck a popular resort in Thailand. Petra Nemcova, a supermodel, has barely survived. Her boyfriend was killed with hundreds of tourists and residents. The tsunami also killed thousands of people in other parts of Asia.
Natural disasters can happen when you least expect it. And when you combine this with health risks, the possibility of cancellations, and problems of international migration, the cost of travel insurance seems like literally cents compared to what you'll be otherwise. "Prevention is better than cure," says the proverb applicable in this case because you probably do not want to spend your life savings for something that could easily be covered by travel insurance company.
There are many other reasons to consider travel insurance. Here are some common scenarios where having travel insurance can help:
1. passport and wallet stolen. replacement of emergency passports and money is needed.
2. Accidents. You need proper medical care or evacuation.
3. Lost Luggage. You need medication and prescription of emergency will be given.
4. Medical emergencies. Travel insurance can cover you, anywhere in the world.
5. You need to cancel the flight due to illness or other emergencies.
6. Hurricanes and other weather conditions. You were asked to vacate your current home.
7. terrorist incidents. You want to cancel your trip.
Back Nemcova experience in Thailand, what can you do possibility in this case? If you have been injured in this example, the cost of obtaining an air ambulance may be upwards of $ 25,000. Can You Afford? Travel insurance can make the difference between obtaining adequate medical care and go to the hospital.
Emergency Medical provide coverage for emergency medical treatment if an illness or accident occurs while traveling. Policies in general are also equipped with emergency medical evacuation, which provides coverage for emergency evacuation, if necessary, to the nearest qualified medical facility. Emergency medical expenses are covered up to a hundred thousand to one million outlet in global politics.
So is travel insurance worth the cost? On the basis of the above scenarios, travel insurance is a necessity. It is certainly a cost worth the cost if we consider the alternative. However, remember that you need to get the type of travel insurance that covers all major emergencies to get the most out of it.
