Did you know that there are still people who won’t take out travel insurance when they travel abroad? In this day and age, it is crazy not to have adequate cover should the worst happen during your trip. I have been fortunate on all my travels thus far, not have needed to make any claims whatsoever.
But this does not mean it is not essential because should the worst happen, if I have it then I would be covered. Of course, like everything in life, travel insurance has both its pros and cons. In this article, we will discuss the pros and cons of travel insurance and its important.
The Pros Of Travel Insurance
One of the biggest benefits of having great travel insurance is knowing you are covered for any emergency medical situation and missed flights. You are also covered if your flight is cancelled, lost luggage or if the travel company goes bust.
Another reason why you should take out holiday insurance is because it will also be able to cover flight cancellations due to natural disaster. Cancellations resulting from faults with a cruise ship, your insurance might cover it if you have the right coverage. If you have the right coverage on your insurance, you can enjoy your holiday with a peace of mind should the worst happen.
The Cons Of Travel Insurance
Having adequate travel insurance is great but it comes with a few cons too. The main issue for most people being the cost, whether the trip was smooth sailing or not, you still pay. Many people sometimes feel that this money could have been better spent on their holiday, but you pay for a piece of mind. This allows you to really sit back, relax and enjoy your holiday without worrying should something happen.
Another issue that some people find with travel insurance is that it may not cover everything that you need for your particular trip abroad. If you are simply opting for the cheapest travel cover available, then this usually means that it will offer the least amount of coverage too.
This then makes no sense to spend a lot of money on coverage that won’t protect you should something, unfortunately, go wrong. It is extremely important that you read the policy carefully to ensure that everything that you need, is covered. For example, many policies will require to spend more if you are going to be partaking in winter sports during your trip. It is important to read the fine print and know before you travel what is covered and isnt.
Any type of insurance has both pros and cons and its about accessing whether the pros outweigh the cons. With adequate travel insurance, you can travel with a peace of mind and no stretching about anything. At the end of the day, its about being sensible and forward thinking should any eventualities happen.
*This is a collaborative post
Nancy at Whispered Inspirations says
Getting travel insurance is a MUST. There’s no way around it. You don’t want something out of your control to happen and you’re left with the bill.
Gladys Nava says
Wow! Thanks for getting to know all that. Travel insurance is having good benefits that what we need! Love this post
Eliza says
I always get travel insurance just because I know if I don’t something will end up happening!
Amy H says
I’ve never taken out any travel insurance – but we don’t travel much. But I can see if we go on a huge trip, getting insurance. You never know what will happen.
Marysa says
We have had to decide about travel insurance on our bigger trips. We did get it when we traveled to the Galapagos Islands, because it was an expensive trip and we didn’t want to take any chances.
Terri Steffes says
We get the travel insurance because you just never know what might come up and change your plans.
Pam says
We always get travel insurance. We haven’t needed it most times but the time we did need it, it was really worth it.
Heather says
This is so interesting. I’ve only used travel insurance once and we wound up having to cancel our trip. It was a good thing we used it!
Jenn@Engineermommy says
I didn’t even realize travel insurance was a thing but I don’t travel abroad much at all. I will definitely look into getting it now if I do in the future.
Stephanie says
I wouldn’t travel anywhere without it, but you do have to make sure that your covered for all different things. There are so many options out there aren’t they
Tomi says
I sometimes get travel insurance and sometimes I don’t. My family and I cruise a lot so when we cruise we ALWAYS get travel insurance but if it’s just a flight overseas for a quick vacation, I usually don’t
Sarah Bailey says
You definitely need to shop around for travel insurance and make sure it covers everything you need. But going away without it abroad is definitely a big no!
Jeanette says
Whenever I go overseas I always get health insurance. I do not want to worry. You have some great tips here I can definitely say do not get the cheapest policy. You will not be happy in the end if you have to pay a lot more out-of-pocket.
Melissa Chapman says
I have never taken out travel insurance but it is a good thing for older people who might have a problem or illness. I will consider it for my next trip or flight.
Karen says
I always get travel insurance. When I found out it existed, I knew I couldn’t be without it, not as much as I travel.
Amber Myers says
Sometimes I get it, depending on the cost. But if it’s over $100, I’ll pass. So far, I’ve never had to use it before, thank goodness!
Melanie williams says
We luckily have never had to make a claim. However always feel better to have than not have xx
Candy says
We normally don’t purchase travel insurance. When we travel to Europe we always buy the insurance.
Alli Smith says
I’ve always struggled with whether to add insurance or not and I admit that a few times I did not add coverage. I’ve never needed it but I had rather be safe than sorry. After reading this, I’ll make sure I never skip travel insurance again.
Nafisah NK says
Truth is I have only gotten a travel insurance once because I never really thought of the benefits and don’t travel a lot. Thank you for this post as it has opened my eyes to what I am missing, can’t give in to luck all the time xx
Sonia Cave says
It is crazy that people will travel without it. We nearly went back to the UK by accident without it until I pointed out to hubby we didn’t actually live there although we are english, and so needed it!
Sabina Green says
I can’t believe people don’t take out travel insurance? We always do – it doesn’t cost that much really and I’d rather be covered.
Annette, 3 Little Buttons says
I think like any insurance it’s hit and miss. We always get it, but there’s been a time when it didn’t help in the slightest when things went wrong.
Talya says
Personally we always get travel insurance – I just don’t think it’s worth the risk not getting it as there’s so many things that can go wrong on holiday!
Deborah Nicholas says
I have to admit we dont go away often but in the past I have never taken out insurance other than the post office standard one. I really should look into something with more coverage.
Fran Back With A Bump says
We have travel insurance with our bank so its a good perk. It’s definitely important to know what is and isn’t included. We had to claim for a cancelled holiday a few years ago and it was all handled really well.
Miranda says
I too have insurance with my two banks and its good knowing what is covered and what isn’t
The Frugal Samurai says
Nice post! We ALWAYS get travel insurance, just because you just don’t know what will happen – money is money but hey if you can afford to go travelling, you should be able to afford to cover yourself as well right!