Do you travel a lot? If so, you might be interested in buying annual travel insurance to protect yourself against unforeseen circumstances that could ruin your trip. You can save money by purchasing the insurance annually, and it gives you some flexibility to choose your coverage based on how much time you’ll spend abroad over the course of the year. Here are five reasons why you should consider buying annual travel insurance.
#1 – The best time to buy travel insurance is before you leave on your trip
If you wait until after your trip to buy travel insurance, it could be too late. Most travel insurance policies only cover medical expenses incurred during your trip. Many conditions may develop after you return from vacation that is not covered by your insurance. For example, appendicitis could strike days or weeks after you return home and lead to hospitalization and surgery for many months without travel coverage. Without coverage, you will have to pay for these medical expenses out of pocket, which can easily run into thousands of dollars per event.
#2 – Lost luggage or lost items can be replaced
All travel insurance policies come with a limit for lost luggage or lost items. If you’re worried about your valuable items getting stolen while traveling, then buying a travel insurance policy can be your way out. In case you don’t get your valuables back, you can get some cash to buy new ones. The limit in coverage will vary depending on the type of travel insurance policy and premium paid by you. However, it might still be less than if you didn’t have any insurance at all!
#3 – Having travel insurance means having access to healthcare abroad
There are a number of different travel insurance plans you can buy. Some will give you access to home healthcare, which can be invaluable if an emergency should occur while traveling. You might not think you need access to medical care in another country, but it pays to have peace of mind. Consider your health when choosing travel insurance and take into account what conditions you’re willing to cover; there are many types of plans available and it may be easier than you think!
#4 – Most medical treatments are covered by the policy
The most common reason why annual travel insurance is purchased by travelers is that it covers any medical issues that may arise on their trip. Purchasing annual travel insurance provides coverage for not only emergency medical treatment but also for injury related to sports, accidents, or other activities. Having annual travel insurance can be a good way to ensure that you are covered in case something unexpected happens while you are traveling.
#5 – If your flight gets canceled, travel insurance can help compensate for your losses
We may all dream of last-minute flights that only exist in movies, but they’re unfortunately not always available to us. If you have to cancel your flight because it gets canceled by the airline, you can expect some kind of compensation; however, if you don’t have travel insurance and there isn’t an alternative flight that fits into your plans, then you could find yourself out a lot of money.