Do You Need Travel Insurance?

Thanks to affordable and convenient cross-country and international transportation methods, traveling has become a favorite American pastime. Perhaps you are planning a trip to London or the Bahamas or even China. As you plan your itinerary, book hotels, and read everything you can about the local culture, you should also be looking into purchasing Ontario travel insurance.

What is Travel Insurance?
Travel insurance is a form of insurance meant specifically to cover any issues that occur while traveling. Potential and likely problems include trip cancellation costs, lost luggage, medical expenses, and other losses. As with other types of insurance, like auto insurance, you can pick from a range of “levels” of insurance with different price points.

Are You Already Covered?
Before you head out on your trip, check with your homeowners or renters insurance policies to see if theft and other losses are covered while you are away from your home. It’s possible that you can piecemeal your coverage given the fact that medical and auto insurance may still be valid in other states, life insurance will apply regardless, and airlines are responsible for lost bags. Credit cards even provide some coverage!

Think About Cancellations
Trip cancellations are one of the biggest reasons that people choose to buy travel insurance. The unexpected can always happen, and it’s possible for a natural disaster, major family problem, or other issue to stop your trip in its tracks. Your airline and hotels are bound to have strict rules about refunds, so travel insurance is the only way to guarantee you won’t lose all of your money if the unexpected does occur.

Overall, most people carefully weigh the pros and cons of travel insurance Ontario. Sure, it’s more money out of pocket. But if you had enough money to pay for this great trip, isn’t it worth it to spend a little bit more to know you can relax on your entire trip and stop worrying about the “what ifs”?