How much did you spend on your last vacation?
How much money would you have lost if you had to cancel the day before you left?
But you’ve got the option to only claim your refund if you don’t rebook.
Should you still get travel insurance?
What is travel insurance?
Travel insurance may also help cover medical costs if you are sick or injured abroad and require medical treatment.
Travel insurance is also underwritten by an insurance company.
It provides financial and medical coverage and reimbursement, differentiating it from trip protection orcredit card travel insurance.
What does travel insurance actually cover?
The typical travel insurance policy consists of two elements: trip cancellation services and health costs.
Your specific travel insurance plan will detail what types of cancellations you will be reimbursed for.
Read the fine print to ensure this is included in your plan.
However, be aware that your travel insurance will not cover you for extreme or illegal sports and activities.
You may also have the option to book a refundable room.
Airlines
Airlines may also offer refundable or non-refundable tickets.
Review your credit card’s travel protection policy to verify you have enough coverage before booking a trip.
you’ve got the option to also purchase through an insurance portal, likeInsureMyTrip.
However, these policies are more expensive and they typically don’t cover 100% of your costs.
You also have a limited time to purchase this insurance.
What does travel insurance cost?
“But the travel insurance for a 22-year-old newlywed couple is going to be less.”
What claims are covered by travel insurance?
Read the fine print to determine what circumstances may not be covered.
However, traveling during your eighth month of pregnancy would likely not be covered.
Talk to the insurance provider and read the fine print if you have any questions about your coverage.
