Why Purchase Travel Insurance?
When travelling, the importance of travel insurance is a must. Travel insurance serves as a protective shield for your travel investment, safeguarding it against unexpected hurdles that may arise during your journey.
It's crucial to understand that not all travel insurance policies are identical; they come with varying features and coverage options. One fundamental aspect to consider is the total dollar amount you wish to insure, which can be adjusted to align with your specific needs. Additionally, you have the option to select policy upgrades that provide extended coverage for personal trip cancellation reasons. For instance, options such as "Cancel Anytime" or "Cancel for Business Reasons" with Allianz, or "Cancel for Any Reason" with Travelex, can enhance your policy's flexibility.
It's important to thoroughly review and comprehend your policy, particularly the valid reasons for cancellation. Most policies will reimburse 100% if the cancellation is due to medical reasons. Timing is another crucial factor. To maximize your coverage, it's advisable to purchase travel insurance within 14-21 days of your initial deposit. This not only covers pre-existing conditions but also allows you to take advantage of "cancel anytime" policies. However, if you miss this window, rest assured that you can purchase travel insurance up until the day prior to travel, albeit with more limited reasons for cancellation.
In our founder, Dawn Oliver's own experience as a seasoned travel advisor, she highly recommends considering reputable providers such as Roam Right, Travelex, or Allianz Global. These companies offer competitive rates and are known for efficiently handling any necessary claims. Remember that the cost of travel insurance varies based on factors like the coverage amount, your age, state of residence, and the specific policy you select.
Notably, all three recommended companies—Roam Right, Travelex, and Allianz Global—offer coverage if you test positive for Covid before traveling, rendering your trip infeasible. This coverage extends to various other scenarios, providing you with peace of mind. However, it's imperative to meticulously peruse your policy to gain a comprehensive understanding of your coverage.
In conclusion, the significance of travel insurance cannot be overstated. It acts as a safeguard, ensuring that your investment remains secure even in the face of unexpected circumstances. Travel wisely, and let your adventures be enriched with the assurance of comprehensive coverage.
