Travel Insurance How the Pros Outweigh the Cons Italy Travel planning planner consultant

Travel Insurance and How the Pros Outweigh the Cons

Travel insurance is one of those gray area topics. Unfortunately, there is not one right answer to when or how you should invest in travel insurance. There are several variables that depend on your unique travel situation. Many people are unsure if purchasing travel insurance is even worth the trouble. However, it is important to put in the time it takes to understand the pros and cons of travel insurance and to determine what kind of coverage you may need for your next trip.

Travel Insurance How the Pros Outweigh the Cons Italy Travel planning planner consultant

The Pros of Travel Insurance

Investing in travel insurance can save you a lot of stress and anxiety and is an extra cushion of caution during your travels. It can provide huge help with unexpected cancellations, missed flights, lost baggage, emergency medical situations, and financial issues of travel companies you have invested in. Instead of being responsible to pay out of pocket for potential emergency situations, you can have peace of mind knowing that these situations will be covered by your travel insurance. In addition, if you make bookings and reservations for your trip in advance and something comes up that forces you to change plans, travel insurance can offer reimbursements in those circumstances.

Travel Insurance How the Pros Outweigh the Cons Italy Travel planning planner consultant

The Cons of Travel Insurance

One of the downsides of investing in travel insurance is a potential overlap in coverage that is provided by insurance you already have. This is why it is necessary to understand what your insurance already covers and to research several travel insurance companies to find a policy that has as little overlap as possible. Another downside of travel insurance is that it’s not cheap. In general, it will cost five to 12 percent of the cost of your trip, and if you don’t end up needing to file a claim, you will lose the premium you paid. However, you can control how much you pay to some extent. If your trip involves more financial and medical risks, you will be required to pay more for advanced coverage. On the other hand, if there are less risks of loss, you can settle for a policy with less coverage, which will be cheaper.

In the long run, the pros of travel insurance outweigh the cons. Spending a bit more for a policy that may overlap a bit with coverage you already have is a small price to pay considering the financial disaster you could be in if something goes awry during your travels. It’s always better to be safe than sorry. Of course, as mentioned before, what kind of insurance to invest in will vary depending on your travel situation. And that is why it is important to do plenty of research, comparing several travel insurance companies, until you find the one that will fit your travel needs. ~ Kalina Davis

Travel Insurance How the Pros Outweigh the Cons Italy Travel planning planner consultant

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About the author: Andi Brown

I am passionate about helping people create vacations that are perfect for them through personalized travel planning, itinerary review and small experience focused tours. My services put an emphasis on the experience of Italy, getting my clients away from the tourist crowds and into the heart and soul of the people. I believe in working with family run businesses at great locations with attention to the details. If you can dream it I can make it happen.