Before you finalize your vacation plans, be sure you have given careful thought to whether you need to purchase travel insurance. There are circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling. Better Business Bureau is advising travelers to weigh the pros and cons before you purchase coverage.
Some of the different types of insurance available include:
Trip Cancellation/Interruption – If your plans suddenly change and you have to cancel or end your trip early, this will cover you. However, it will only reimburse you for reasons on the insurer's acceptable list, such as injury, sickness, or death of yourself, a family member, traveling companion or business partner. Some policies will cover only medical reasons and some will not cover pre-existing medical conditions. It's important to read the fine print.
Emergency Medical Evacuation Coverage – If you are going on an adventure vacation or to an area that is far from modern medical facilities, it may be a good idea to buy this coverage. If adequate treatment is not available at a local hospital, you would be transferred to the nearest acceptable medical faculty.
Baggage Loss –Baggage-loss protection is only necessary if you are carrying more than $2,500 worth of items in your bags. Be sure to check your homeowner's policy for overlap in this type of coverage.