Do you really need travel insurance?
Great question. The answer is yes. Many travelers think their health insurance or free credit card insurance will completely cover their out-of-pocket expenses. However, that's often not the case. Consider the reasons below for purchasing travel insurance for your journey.
Health Insurance Doesn't Cover Everything
According to the US Department of State - Bureau of Consular Affairs, your domestic health insurance may cover "customary and reasonable" costs overseas. However, they often won't pay for a medical evacuation back to the US which can cost upwards of $50,000.
Reasons for Travel Insurance
•Credit Card Shortfalls: Credit card companies often have a number of conditions in order for their insurance to apply.
•Travel Investment: You don't want to cancel a vacation or lose the money you've invested.
•Medical Expenses: If you're traveling remotely, you may not always have access to the best health care.
•Personal Belongings: No fun being on vacation without your bathing suit. You may be reimbursed for items lost, stolen or damaged.
•Travel Assistance & Concierge Services: When you're traveling, one toll-free call gives you access to a variety of travel services like medical emergency assistance and lost baggage retrieval.
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